Signpost (TSE:3996) Days Inventory : 3.36 (As of Aug. 2024)

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What is Signpost Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Signpost's Average Total Inventories for the three months ended in Aug. 2024 was 円19 Mil. Signpost's Cost of Goods Sold for the three months ended in Aug. 2024 was 円524 Mil. Hence, Signpost's Days Inventory for the three months ended in Aug. 2024 was 3.36.

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

TSE:3996' s Days Inventory Range Over the Past 10 Years
Min: 1.31 Med: 4.24 Max: 98.44
Current: 3.7

During the past 9 years, Signpost's highest Days Inventory was 98.44. The lowest was 1.31. And the median was 4.24.

TSE:3996's Days Inventory is ranked better than
75.46% of 1593 companies
in the Software industry
Industry Median: 20.45 vs TSE:3996: 3.70

Signpost's Days Inventory declined from Aug. 2023 (4.90) to Aug. 2024 (3.36).

Inventory Turnover measures how fast the company turns over its inventory within a year. Signpost's Inventory Turnover for the three months ended in Aug. 2024 was 27.14.

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. Signpost's Inventory-to-Revenue for the three months ended in Aug. 2024 was 0.03.

Signpost Days Inventory Historical Data

The historical data trend for Signpost'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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Signpost Days Inventory Chart

Signpost Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Days Inventory

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2.73

4.40

4.24

4.13

Signpost Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Days Inventory	Get a 7-Day Free Trial															4.90	3.99	3.77	3.74	3.36

Competitive Comparison of Signpost's Days Inventory

For the Information Technology Services subindustry, Signpost'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.

Signpost's Days Inventory Distribution in the Software Industry

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

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

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Signpost Days Inventory Calculation

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

Signpost's Days Inventory for the fiscal year that ended in Feb. 2024 is calculated as

	Days Inventory (A: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2024 )	*	Days in Period
=	( (25.094	+	23.003)	/	2 )	/	2126.724	*	365
=	24.0485					/	2126.724	*	365
=	4.13

Signpost's Days Inventory for the quarter that ended in Aug. 2024 is calculated as:

	Days Inventory (Q: Aug. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: May. 2024 )	+	Total Inventories (Q: Aug. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2024 )	*	Days in Period
=	( (20.94	+	17.706)	/	2 )	/	524.407	*	365 / 4
=	19.323					/	524.407	*	365 / 4
=	3.36

Signpost (TSE:3996) 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.

Signpost's Inventory Turnover for the three months ended in Aug. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	524.407	/	19.323
	=	27.14

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.

Signpost's Inventory to Revenue for the three months ended in Aug. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.323	/	739.981
	=	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.

Signpost Days Inventory Related Terms

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

Signpost Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Signpost Corp (TSE:3996) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-12-20 Nihonbashi Honcho, PMO Nihonbashi Honcho 6F, Chuo-ku, Tokyo, JPN, 103-0023

Website

https://signpost.co.jp

Signpost Corp is a Japan-based company engaged in the provision of information technology consulting services. The company operates through three segments namely Consulting business, DX Regional co-creation business and Innovation business.

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