Acusensus (ASX:ACE) Days Inventory : 25.38 (As of Jun. 2023)

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What is Acusensus Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acusensus's Average Total Inventories for the six months ended in Jun. 2023 was A$1.64 Mil. Acusensus's Cost of Goods Sold for the six months ended in Jun. 2023 was A$23.57 Mil. Hence, Acusensus's Days Inventory for the six months ended in Jun. 2023 was 12.69.

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

ASX:ACE' s Days Inventory Range Over the Past 10 Years
Min: 25.38 Med: 25.38 Max: 25.38
Current: 25.38

During the past 2 years, Acusensus's highest Days Inventory was 25.38. The lowest was 25.38. And the median was 25.38.

ASX:ACE's Days Inventory is ranked worse than
55.22% of 1561 companies
in the Software industry
Industry Median: 19.5 vs ASX:ACE: 25.38

Acusensus's Days Inventory increased from . 20 (0.00) to Jun. 2023 (25.38). It might indicate that Acusensus's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Acusensus's Inventory Turnover for the six months ended in Jun. 2023 was 14.38.

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. Acusensus's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.04.

Acusensus Days Inventory Historical Data

The historical data trend for Acusensus'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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Acusensus Days Inventory Chart

Acusensus Annual Data

Trend

Jun22

Jun23

Days Inventory

25.38

Acusensus Semi-Annual Data
	Jun22	Jun23
Days Inventory	-	25.38

Competitive Comparison of Acusensus's Days Inventory

For the Software - Infrastructure subindustry, Acusensus'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.

Acusensus's Days Inventory Distribution in the Software Industry

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

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

Acusensus Days Inventory Calculation

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

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

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.903	+	1.374)	/	2 )	/	23.566	*	365
=	1.6385					/	23.566	*	365
=	25.38

Acusensus's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.903	+	1.374)	/	2 )	/	23.566	*	365 / 2
=	1.6385					/	23.566	*	365 / 2
=	12.69

Acusensus (ASX:ACE) 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.

Acusensus's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.566	/	1.6385
	=	14.38

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.

Acusensus's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.6385	/	42.005
	=	0.04

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.

Acusensus Days Inventory Related Terms

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

Acusensus (ASX:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Acusensus Ltd (ASX:ACE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Queen Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acusensus.com

Acusensus Ltd is involved in developing and commercializing intelligent traffic solutions technology. Its 'Heads-Up' solution has been designed to give authorities a tool to address distraction and other illegal driver behavior, to drive behavioral change on the road network. It also provides Data security solutions. The company's main objective is to Pioneer intelligent solutions to tackle difficult societal challenges, reduce road trauma and save lives. Geographically the company generates the majority of its revenue from Australia.

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