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DawnTSE:2303 +1.38%91 Days Inventory is 65.44 as of Feb. 2026, which is 533% above its 10-year median of 10.34. GuruFocus rates TSE:2303 with a GF Score™ of 91/100 and a GF Value™ of 円1,328.75 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,652 Software companies, Dawn ranks worse than 60.17% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Dawn's Average Total Inventories for the
three
months ended in Feb. 2026 was 円77 Mil. Dawn's Cost of Goods Sold for the
three
months ended in Feb. 2026 was 円108 Mil.
Hence, Dawn's Days Inventory for the
three
months ended in Feb. 2026 was 65.44.
The historical rank and industry rank for Dawn's Days Inventory or its related term are showing as below:
TSE:2303'
s Days Inventory Range Over the Past 10 Years
Min: 5.06 Med: 10.34 Max: 34.54
Current: 34.54
During the past 13 years, Dawn's highest Days Inventory was 34.54. The lowest was 5.06. And the median was 10.34.
TSE:2303's Days Inventory is ranked worse than 60.17% of 1652
companies
in the Software industry
Industry Median: 20.375
vs TSE:2303: 34.54
Dawn's Days Inventory
increased
from Nov. 2024 (0.00) to Feb. 2026 (65.44).
It might indicate that Dawn's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Dawn's Inventory Turnover for the
three
months ended in Feb. 2026 was 1.39.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Dawn's Inventory-to-Revenue for the
three
months ended in Feb. 2026 was 0.17.
Dawn (TSE:2303) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Dawn's Inventory Turnover for the
three
months ended in Feb. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Dawn's Inventory to Revenue for the
three
months ended in Feb. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Dawn Days Inventory Related Terms
Dawn Days Inventory Historical Data
* Premium members only.
The historical data trend for Dawn's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
TSE:2303 vs UBER, SHOP, CRM: Days Inventory Comparison
For the Software - Application subindustry, Dawn's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dawn Days Inventory vs Software Industry
For the Software industry and Technology sector, Dawn's Days Inventory distribution charts can be found below:
* The bar in red indicates where Dawn's Days Inventory falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dawn (TSE:2303) has a Days Inventory of 65.44 as of Feb. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Dawn and its competitors. This is 533% above median its historical median of 10.34. Over the past decade, Dawn's Days Inventory has ranged from 5.06 to 34.54. According to the industry distribution chart, Dawn ranks #994 out of 1652 companies in the Software industry, placing it in the top 60.2%.
Is Dawn's Days Inventory too high?
Dawn's current Days Inventory of 65.44 is 533% above median its 10-year median of 10.34. Over the past 10 years, this metric has ranged from a low of 5.06 to a high of 34.54. The Software industry median Days Inventory is 20.38. Dawn's value of 65.44 is 221.2% above this industry median. Based on the distribution chart, Dawn ranks #994 out of 1652 companies in the Software industry, which is below the industry midpoint. Overall, Dawn has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dawn's Days Inventory compare to UBER and SHOP?
According to the Software industry distribution chart, Dawn ranks #994 out of 1652 companies for Days Inventory. This places Dawn in the lower half of its industry. The industry median Days Inventory is 20.38. Dawn's value of 65.44 is 221.2% above this benchmark. Historically, Dawn's own Days Inventory has ranged from 5.06 to 34.54 over the past decade. While the company's 10-year median is 10.34 vs. the industry median of 20.38, Dawn has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Software company?
The median Days Inventory among Software companies is 20.38, based on 1,652 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dawn's current Days Inventory of 65.44 is 221.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Dawn and its competitors. For the Software industry, the median Days Inventory is 20.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dawn's current Days Inventory is 65.44, which is 533% above median its own 10-year median of 10.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dawn stock overvalued right now?
Based on GuruFocus' analysis, Dawn (TSE:2303) is currently considered Fairly Valued. The stock's GF Value™ is 円1,328.75, compared to a current price of 円1,250.00 — trading 5.9% below its estimated fair value. The current Days Inventory is 65.44, which is 533% above median its 10-year median of 10.34 and 221.2% above the Software industry median of 20.38. Dawn's overall GF Score™ is 91/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Dawn (TSE:2303), the current Days Inventory is 65.44 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dawn (TSE:2303) Overvalued in 2026?
Based on GuruFocus' analysis, Dawn stock appears to be undervalued.
The current stock price of 円1,250.00 is trading 5.9% below its estimated GF Value™ of 円1,328.75.
GuruFocus considers Dawn to be Fairly Valued.
Key valuation signals for TSE:2303:
Days Inventory: 65.44 (533% above median its 10-year median of 10.34)
GF Value™: 円1,328.75 vs. price of 円1,250.00 (5.9% below fair value)
Industry Position: 221.2% above the Software median (#994 of 1652)
No single metric tells the full story. See the TSE:2303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dawn Corp is engaged in service building services such as FAQ Q and A location information service ASP, GPS map, GIS application development consulting contract research and development and sales of core GIS engine. It is a research and development company specialized in geographic information systems. Its system is used in the security and security of disaster prevention areas such as local governments, the crime prevention area for disaster prevention and the social infrastructure area of private enterprises.
91GF Score
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