Alpha Group (TSE:3322) Days Inventory : 28.89 (As of Dec. 2023)

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What is Alpha Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Alpha Group's Average Total Inventories for the three months ended in Dec. 2023 was 円809 Mil. Alpha Group's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,555 Mil. Hence, Alpha Group's Days Inventory for the three months ended in Dec. 2023 was 28.89.

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

TSE:3322' s Days Inventory Range Over the Past 10 Years
Min: 16.58 Med: 24.45 Max: 29.53
Current: 29.53

During the past 13 years, Alpha Group's highest Days Inventory was 29.53. The lowest was 16.58. And the median was 24.45.

TSE:3322's Days Inventory is ranked better than
93.03% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs TSE:3322: 29.53

Alpha Group's Days Inventory increased from Dec. 2022 (27.20) to Dec. 2023 (28.89). It might indicate that Alpha Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Alpha Group's Inventory Turnover for the three months ended in Dec. 2023 was 3.16.

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. Alpha Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.22.

Alpha Group Days Inventory Historical Data

The historical data trend for Alpha Group'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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Alpha Group Days Inventory Chart

Alpha Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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26.21

21.77

16.58

25.49

27.34

Alpha Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															27.20	25.37	32.77	29.71	28.89

Competitive Comparison of Alpha Group's Days Inventory

For the Communication Equipment subindustry, Alpha Group'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.

Alpha Group's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Alpha Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Alpha Group's Days Inventory falls into.

Alpha Group Days Inventory Calculation

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

Alpha Group's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (680.222	+	701.748)	/	2 )	/	9223.414	*	365
=	690.985					/	9223.414	*	365
=	27.34

Alpha Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (705.138	+	913.01)	/	2 )	/	2555.279	*	365 / 4
=	809.074					/	2555.279	*	365 / 4
=	28.89

Alpha Group (TSE:3322) 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.

Alpha Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2555.279	/	809.074
	=	3.16

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.

Alpha Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	809.074	/	3656.18
	=	0.22

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.

Alpha Group Days Inventory Related Terms

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

Alpha Group (TSE:3322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alpha Group Inc (TSE:3322) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Floor Higashi 1 - Chome Shibuya - ku, Tokyo Building Higashi Shibuya Building, Tokyo, JPN

Website

http://www.alpha-grp.co.jp

Alpha Group Inc is engaged in the sale of mobile phones and support services in Japan. It offers mobile communication terminal and brokers subscription of communication services, agency services of mail-order trading of office supplies for end-users. The company also provides Environmental Goods such as water delivery and sale of water dispenser; develops, operates, and manages power generation facilities.

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