Appirits (TSE:4174) Days Inventory : 1.07 (As of Jan. 2024)

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What is Appirits Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Appirits's Average Total Inventories for the three months ended in Jan. 2024 was 円19 Mil. Appirits's Cost of Goods Sold for the three months ended in Jan. 2024 was 円1,594 Mil. Hence, Appirits's Days Inventory for the three months ended in Jan. 2024 was 1.07.

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

TSE:4174' s Days Inventory Range Over the Past 10 Years
Min: 1.5 Med: 5.01 Max: 9.3
Current: 1.5

During the past 5 years, Appirits's highest Days Inventory was 9.30. The lowest was 1.50. And the median was 5.01.

TSE:4174's Days Inventory is ranked better than
84.05% of 1561 companies
in the Software industry
Industry Median: 19.64 vs TSE:4174: 1.50

Appirits's Days Inventory declined from Jan. 2023 (1.71) to Jan. 2024 (1.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Appirits's Inventory Turnover for the three months ended in Jan. 2024 was 85.03.

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

Appirits Days Inventory Historical Data

The historical data trend for Appirits'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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Appirits Days Inventory Chart

Appirits Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Days Inventory

3.86

5.01

7.39

9.30

4.86

Appirits Quarterly Data
	Jan19	Jan20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial											1.71	1.76	1.92	1.73	1.07

Competitive Comparison of Appirits's Days Inventory

For the Software - Application subindustry, Appirits'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.

Appirits's Days Inventory Distribution in the Software Industry

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

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

Appirits Days Inventory Calculation

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

Appirits's Days Inventory for the fiscal year that ended in Jan. 2023 is calculated as

	Days Inventory (A: Jan. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (122.134	+	26.249)	/	2 )	/	5568.376	*	365
=	74.1915					/	5568.376	*	365
=	4.86

Appirits'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
=	( (27.623	+	9.876)	/	2 )	/	1594.18	*	365 / 4
=	18.7495					/	1594.18	*	365 / 4
=	1.07

Appirits (TSE:4174) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1594.18	/	18.7495
	=	85.03

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.7495	/	2110.616
	=	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.

Appirits Days Inventory Related Terms

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

Appirits (TSE:4174) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Appirits Inc (TSE:4174) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-27-8 Jingumae, Kyocera Harajuku Building 5th Floor, Shibuya-ku, Tokyo, JPN, 150-0001

Website

https://www.appirits.com

Appirits Inc is primarily involved in the business such as entertainment services and web system development.

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