Axgate Co (XKRX:356680) Days Inventory : 206.93 (As of Mar. 2024)

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What is Axgate Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Axgate Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩6,857 Mil. Axgate Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩3,024 Mil. Hence, Axgate Co's Days Inventory for the three months ended in Mar. 2024 was 206.93.

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

XKRX:356680' s Days Inventory Range Over the Past 10 Years
Min: 102.72 Med: 155.14 Max: 223.45
Current: 181.93

During the past 6 years, Axgate Co's highest Days Inventory was 223.45. The lowest was 102.72. And the median was 155.14.

XKRX:356680's Days Inventory is ranked worse than
89.81% of 1560 companies
in the Software industry
Industry Median: 18.89 vs XKRX:356680: 181.93

Axgate Co's Days Inventory declined from Mar. 2023 (298.56) to Mar. 2024 (206.93).

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. Axgate Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.44.

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. Axgate Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.89.

Axgate Co Days Inventory Historical Data

The historical data trend for Axgate 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.

* Premium members only.

Axgate Co Days Inventory Chart

Axgate Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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107.52

102.72

174.21

223.45

178.21

Axgate Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial					298.56	219.00	297.05	111.97	206.93

Competitive Comparison of Axgate Co's Days Inventory

For the Software - Application subindustry, Axgate 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.

Axgate Co's Days Inventory Distribution in the Software Industry

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

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

Axgate Co Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (8623.76	+	7133.405)	/	2 )	/	16136.437	*	365
=	7878.5825					/	16136.437	*	365
=	178.21

Axgate Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7133.405	+	6579.808)	/	2 )	/	3023.552	*	365 / 4
=	6856.6065					/	3023.552	*	365 / 4
=	206.93

Axgate Co (XKRX:356680) 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.

Axgate Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3023.552	/	6856.6065
	=	0.44

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.

Axgate Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6856.6065	/	7709.709
	=	0.89

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.

Axgate Co Days Inventory Related Terms

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

Axgate Co (XKRX:356680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Axgate Co Ltd (XKRX:356680) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

13, Yeongdong-daero 85-gil, 5th Floor, Daechi-dong 950-1, Songseok Building, Gangnam-gu, Seoul, KOR

Website

http://www.axgate.com

Axgate Co Ltd is engaged in network security solutions and control services. The company develops control systems, network security systems, and other products. Its products comprise integrated wired and wireless solutions, axgate series nest generation firewall, remote power control solutions, integrated security control systems, and web service security control systems.

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