GigaCloud Technology (GigaCloud Technology) Days Inventory : 55.99 (As of Dec. 2023)

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What is GigaCloud Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GigaCloud Technology's Average Total Inventories for the three months ended in Dec. 2023 was $107.3 Mil. GigaCloud Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $174.9 Mil. Hence, GigaCloud Technology's Days Inventory for the three months ended in Dec. 2023 was 55.99.

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

GCT' s Days Inventory Range Over the Past 10 Years
Min: 64.81 Med: 68.72 Max: 74.6
Current: 64.92

During the past 5 years, GigaCloud Technology's highest Days Inventory was 74.60. The lowest was 64.81. And the median was 68.72.

GCT's Days Inventory is ranked worse than
71.76% of 1565 companies
in the Software industry
Industry Median: 19.61 vs GCT: 64.92

GigaCloud Technology's Days Inventory declined from Dec. 2022 (74.60) to Dec. 2023 (55.99).

Inventory Turnover measures how fast the company turns over its inventory within a year. GigaCloud Technology's Inventory Turnover for the three months ended in Dec. 2023 was 1.63.

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. GigaCloud Technology's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.44.

GigaCloud Technology Days Inventory Historical Data

The historical data trend for GigaCloud Technology'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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GigaCloud Technology Days Inventory Chart

GigaCloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

64.81

65.79

71.65

74.60

GigaCloud Technology Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial									74.60	73.75	66.85	58.98	55.99

Competitive Comparison of GigaCloud Technology's Days Inventory

For the Software - Infrastructure subindustry, GigaCloud Technology'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.

GigaCloud Technology's Days Inventory Distribution in the Software Industry

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

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

GigaCloud Technology Days Inventory Calculation

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

GigaCloud Technology'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
=	( (78.338	+	132.247)	/	2 )	/	515.198	*	365
=	105.2925					/	515.198	*	365
=	74.60

GigaCloud Technology'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
=	( (82.374	+	132.247)	/	2 )	/	174.9	*	365 / 4
=	107.3105					/	174.9	*	365 / 4
=	55.99

GigaCloud Technology (NAS:GCT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	174.9	/	107.3105
	=	1.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	107.3105	/	244.737
	=	0.44

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.

GigaCloud Technology Days Inventory Related Terms

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

GigaCloud Technology (GigaCloud Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GigaCloud Technology Inc (NAS:GCT) » Definitions » Days Inventory

Comparable Companies

CCSI IIIV LVOX SCWX NN OSPN STEM CGNT BAND CORZQ MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, Unit A, 12th Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

https://www.gigacloudtech.com

GigaCloud Technology Inc end-to-end B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which refers to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia, with resellers in the U.S., Asia, and Europe, to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price.