Caica Digital (TSE:2315) Days Inventory : 0.94 (As of Jan. 2024)

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What is Caica Digital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Caica Digital's Average Total Inventories for the three months ended in Jan. 2024 was 円12 Mil. Caica Digital's Cost of Goods Sold for the three months ended in Jan. 2024 was 円1,208 Mil. Hence, Caica Digital's Days Inventory for the three months ended in Jan. 2024 was 0.94.

The historical rank and industry rank for Caica Digital's Days Inventory or its related term are showing as below:

TSE:2315' s Days Inventory Range Over the Past 10 Years
Min: 0.86 Med: 3.06 Max: 7.99
Current: 1.16

During the past 13 years, Caica Digital's highest Days Inventory was 7.99. The lowest was 0.86. And the median was 3.06.

TSE:2315's Days Inventory is ranked better than
86.22% of 1560 companies
in the Software industry
Industry Median: 19.44 vs TSE:2315: 1.16

Caica Digital's Days Inventory declined from Jan. 2023 (1.65) to Jan. 2024 (0.94).

Inventory Turnover measures how fast the company turns over its inventory within a year. Caica Digital's Inventory Turnover for the three months ended in Jan. 2024 was 97.29.

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. Caica Digital's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.01.

Caica Digital Days Inventory Historical Data

The historical data trend for Caica Digital'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.

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Caica Digital Days Inventory Chart

Caica Digital Annual Data

Trend

Mar14

Mar15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Inventory

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1.69

3.46

5.77

2.65

0.86

Caica Digital Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															1.65	1.45	0.69	1.10	0.94

Competitive Comparison of Caica Digital's Days Inventory

For the Information Technology Services subindustry, Caica Digital'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.

Caica Digital's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Caica Digital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Caica Digital's Days Inventory falls into.

Caica Digital Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Caica Digital's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

	Days Inventory (A: Oct. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (7.277	+	15.716)	/	2 )	/	4888.342	*	365
=	11.4965					/	4888.342	*	365
=	0.86

Caica Digital's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (15.716	+	9.107)	/	2 )	/	1207.571	*	365 / 4
=	12.4115					/	1207.571	*	365 / 4
=	0.94

Caica Digital (TSE:2315) 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.

Caica Digital's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1207.571	/	12.4115
	=	97.29

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.

Caica Digital's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	12.4115	/	1354.305
	=	0.01

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.

Caica Digital Days Inventory Related Terms

Thank you for viewing the detailed overview of Caica Digital's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Caica Digital (TSE:2315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Caica Digital Inc (TSE:2315) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cross Air Tower, 1-5-1 Ohashi, Meguro-ku, Tokyo, JPN, 153-0044

Website

http://www.caica.jp

Caica Digital Inc is a Japanese company engaged in providing information services such as system development, offshore development, infrastructure, and provision of system-related consulting and maintenance support services. CAICA develops systems that include business package software development and distribution for information service providers. It offers industry solutions for banks, insurance, securities, department stores, convenience stores and transportation industry.

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