Aval Data (TSE:6918) Days Inventory : 296.49 (As of Dec. 2023)

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What is Aval Data Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Aval Data's Average Total Inventories for the three months ended in Dec. 2023 was 円7,079 Mil. Aval Data's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,179 Mil. Hence, Aval Data's Days Inventory for the three months ended in Dec. 2023 was 296.49.

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

TSE:6918' s Days Inventory Range Over the Past 10 Years
Min: 104.53 Med: 117.46 Max: 267.45
Current: 267.45

During the past 13 years, Aval Data's highest Days Inventory was 267.45. The lowest was 104.53. And the median was 117.46.

TSE:6918's Days Inventory is ranked worse than
88.66% of 2408 companies
in the Hardware industry
Industry Median: 101.86 vs TSE:6918: 267.45

Aval Data's Days Inventory increased from Dec. 2022 (199.33) to Dec. 2023 (296.49). It might indicate that Aval Data's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Aval Data's Inventory Turnover for the three months ended in Dec. 2023 was 0.31.

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. Aval Data's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.24.

Aval Data Days Inventory Historical Data

The historical data trend for Aval Data'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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Aval Data Days Inventory Chart

Aval Data Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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115.03

122.50

117.43

180.26

186.81

Aval Data 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															199.33	219.97	252.48	314.81	296.49

Competitive Comparison of Aval Data's Days Inventory

For the Computer Hardware subindustry, Aval Data'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.

Aval Data's Days Inventory Distribution in the Hardware Industry

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

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

Aval Data Days Inventory Calculation

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

Aval Data'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
=	( (4440.403	+	5967.077)	/	2 )	/	10167.47	*	365
=	5203.74					/	10167.47	*	365
=	186.81

Aval Data'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
=	( (6959.096	+	7198.254)	/	2 )	/	2178.6	*	365 / 4
=	7078.675					/	2178.6	*	365 / 4
=	296.49

Aval Data (TSE:6918) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2178.6	/	7078.675
	=	0.31

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7078.675	/	3164.098
	=	2.24

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.

Aval Data Days Inventory Related Terms

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

Aval Data (TSE:6918) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aval Data Corp (TSE:6918) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asahi-cho 1-chome 25-10, Machida-shi, Tokyo, JPN, 194-0023

Website

http://www.avaldata.co.jp

Aval Data Corporation is engaged in manufacturing and selling of general communication equipment, industrial measuring instruments, electronic applied devices, and others. The company's products offerings include CPU, Single board, Image recording system, A/D conversion board, GiGA Channel, among others.

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