1st Holdings, (TSE:3644) Days Inventory : 12.19 (As of May. 2013)

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What is 1st Holdings, Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 1st Holdings,'s Average Total Inventories for the three months ended in May. 2013 was 円91 Mil. 1st Holdings,'s Cost of Goods Sold for the three months ended in May. 2013 was 円680 Mil. Hence, 1st Holdings,'s Days Inventory for the three months ended in May. 2013 was 12.19.

The historical rank and industry rank for 1st Holdings,'s Days Inventory or its related term are showing as below:

TSE:3644's Days Inventory is not ranked ^*
in the Software industry.
Industry Median: 18.99
* Ranked among companies with meaningful Days Inventory only.

1st Holdings,'s Days Inventory increased from May. 2012 (9.53) to May. 2013 (12.19). It might indicate that 1st Holdings,'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. 1st Holdings,'s Inventory Turnover for the three months ended in May. 2013 was 7.48.

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. 1st Holdings,'s Inventory-to-Revenue for the three months ended in May. 2013 was 0.03.

1st Holdings, Days Inventory Historical Data

The historical data trend for 1st Holdings,'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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1st Holdings, Days Inventory Chart

1st Holdings, Annual Data

Trend

Feb10

Feb11

Feb12

Days Inventory

1.70

1.35

4.80

1st Holdings, Quarterly Data
	Feb11	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13
Days Inventory	Get a 7-Day Free Trial					9.53	8.05	9.48	11.11	12.19

Competitive Comparison of 1st Holdings,'s Days Inventory

For the Information Technology Services subindustry, 1st Holdings,'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.

1st Holdings,'s Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, 1st Holdings,'s Days Inventory distribution charts can be found below:

* The bar in red indicates where 1st Holdings,'s Days Inventory falls into.

1st Holdings, Days Inventory Calculation

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

1st Holdings,'s Days Inventory for the fiscal year that ended in Feb. 2012 is calculated as

	Days Inventory (A: Feb. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2011 )	+	Total Inventories (A: Feb. 2012 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2012 )	*	Days in Period
=	( (4.476	+	60.731)	/	2 )	/	2480.801	*	365
=	32.6035					/	2480.801	*	365
=	4.80

1st Holdings,'s Days Inventory for the quarter that ended in May. 2013 is calculated as:

	Days Inventory (Q: May. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2013 )	+	Total Inventories (Q: May. 2013 ))	/	count )	/	Cost of Goods Sold (Q: May. 2013 )	*	Days in Period
=	( (82.394	+	99.456)	/	2 )	/	680.364	*	365 / 4
=	90.925					/	680.364	*	365 / 4
=	12.19

1st Holdings, (TSE:3644) 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.

1st Holdings,'s Inventory Turnover for the three months ended in May. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	680.364	/	90.925
	=	7.48

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.

1st Holdings,'s Inventory to Revenue for the three months ended in May. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	90.925	/	3082.141
	=	0.03

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.

1st Holdings, Days Inventory Related Terms

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1st Holdings, (TSE:3644) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 1st Holdings, Inc. (TSE:3644) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.1st-hd.com

1st Holdings, Inc. provides valuable creative software.

1st Holdings, (TSE:3644) Headlines

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