Ricksoft Co (TSE:4429) Days Inventory : 2.24 (As of Nov. 2023)

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What is Ricksoft Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ricksoft Co's Average Total Inventories for the three months ended in Nov. 2023 was 円31 Mil. Ricksoft Co's Cost of Goods Sold for the three months ended in Nov. 2023 was 円1,258 Mil. Hence, Ricksoft Co's Days Inventory for the three months ended in Nov. 2023 was 2.24.

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

TSE:4429' s Days Inventory Range Over the Past 10 Years
Min: 2.54 Med: 4.05 Max: 5.17
Current: 2.54

During the past 7 years, Ricksoft Co's highest Days Inventory was 5.17. The lowest was 2.54. And the median was 4.05.

TSE:4429's Days Inventory is ranked better than
79.03% of 1559 companies
in the Software industry
Industry Median: 19.53 vs TSE:4429: 2.54

Ricksoft Co's Days Inventory declined from Nov. 2022 (3.89) to Nov. 2023 (2.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ricksoft Co's Inventory Turnover for the three months ended in Nov. 2023 was 40.77.

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. Ricksoft Co's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.02.

Ricksoft Co Days Inventory Historical Data

The historical data trend for Ricksoft Co'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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Ricksoft Co Days Inventory Chart

Ricksoft Co Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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4.91

5.17

3.05

3.08

3.36

Ricksoft Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial															3.89	3.18	2.95	1.84	2.24

Competitive Comparison of Ricksoft Co's Days Inventory

For the Software - Application subindustry, Ricksoft Co'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.

Ricksoft Co's Days Inventory Distribution in the Software Industry

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

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

Ricksoft Co Days Inventory Calculation

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

Ricksoft Co's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (26.848	+	42.385)	/	2 )	/	3759.388	*	365
=	34.6165					/	3759.388	*	365
=	3.36

Ricksoft Co's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (29.83	+	31.873)	/	2 )	/	1257.883	*	365 / 4
=	30.8515					/	1257.883	*	365 / 4
=	2.24

Ricksoft Co (TSE:4429) 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.

Ricksoft Co's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1257.883	/	30.8515
	=	40.77

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.

Ricksoft Co's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.8515	/	1819.2
	=	0.02

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.

Ricksoft Co Days Inventory Related Terms

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

Ricksoft Co (TSE:4429) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ricksoft Co Ltd (TSE:4429) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Otemachi Nomura Buolding 8th Floor, 2-1-1, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.ricksoft.jp

Ricksoft Co Ltd offers software product implementation consulting, virtualization, implementation design, plugin development, and related services. The company provides WBS Gantt-Chart for JIRA, an add-on that offers visualizing project progress solutions for project management, issue management, and task status management.

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