Access Group Holdings Co (TSE:7042) Days Inventory : 15.52 (As of Dec. 2023)

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What is Access Group Holdings Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Access Group Holdings Co's Average Total Inventories for the three months ended in Dec. 2023 was 円73 Mil. Access Group Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円431 Mil. Hence, Access Group Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 15.52.

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

TSE:7042' s Days Inventory Range Over the Past 10 Years
Min: 6.27 Med: 7.16 Max: 14.27
Current: 14.27

During the past 6 years, Access Group Holdings Co's highest Days Inventory was 14.27. The lowest was 6.27. And the median was 7.16.

TSE:7042's Days Inventory is ranked better than
56.98% of 86 companies
in the Personal Services industry
Industry Median: 16.425 vs TSE:7042: 14.27

Access Group Holdings Co's Days Inventory declined from Dec. 2022 (19.20) to Dec. 2023 (15.52).

Inventory Turnover measures how fast the company turns over its inventory within a year. Access Group Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 was 5.88.

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. Access Group Holdings Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.09.

Access Group Holdings Co Days Inventory Historical Data

The historical data trend for Access Group Holdings 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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Access Group Holdings Co Days Inventory Chart

Access Group Holdings Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Days Inventory

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6.31

7.00

7.68

7.87

7.31

Access Group Holdings Co 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															19.20	21.38	4.61	8.58	15.52

Competitive Comparison of Access Group Holdings Co's Days Inventory

For the Personal Services subindustry, Access Group Holdings 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.

Access Group Holdings Co's Days Inventory Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Access Group Holdings Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Access Group Holdings Co's Days Inventory falls into.

Access Group Holdings Co Days Inventory Calculation

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

Access Group Holdings Co's Days Inventory for the fiscal year that ended in Sep. 2021 is calculated as

	Days Inventory (A: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2020 )	+	Total Inventories (A: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2021 )	*	Days in Period
=	( (36.17	+	40.005)	/	2 )	/	1900.963	*	365
=	38.0875					/	1900.963	*	365
=	7.31

Access Group Holdings Co'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
=	( (47.799	+	98.692)	/	2 )	/	430.575	*	365 / 4
=	73.2455					/	430.575	*	365 / 4
=	15.52

Access Group Holdings Co (TSE:7042) 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.

Access Group Holdings Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	430.575	/	73.2455
	=	5.88

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.

Access Group Holdings Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	73.2455	/	772.31
	=	0.09

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.

Access Group Holdings Co Days Inventory Related Terms

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

Access Group Holdings Co (TSE:7042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Access Group Holdings Co Ltd (TSE:7042) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

15th Floor, Shin-Aoyama Building, Building 1-1-1, Minami Aoyama Minato-ku, Tokyo, JPN, 107-0062

Website

https://www.access-t.co.jp

Access Group Holdings Co Ltd is engaged in the promotion, human resource recruitment public relations, and school public relations businesses. Under the Promotion business it supports sales promotion activities of companies and corporations. Under the human resource recruitment public relation, it is focused on public relations projects for young people, mainly graduates. Further, it also plans and manages employment information sites and joint company briefing sessions; and offers recruitment support service; and the School public relation business plans and operates admission information site, junior high school information magazine, newspaper coalition, and joint explanatory meeting, as well as produces various publicity tools, including Website and Web application system.

Access Group Holdings Co (TSE:7042) Headlines

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