Billing System (TSE:3623) Days Inventory : 11.76 (As of Mar. 2024)

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What is Billing System Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Billing System's Average Total Inventories for the three months ended in Mar. 2024 was 円81 Mil. Billing System's Cost of Goods Sold for the three months ended in Mar. 2024 was 円628 Mil. Hence, Billing System's Days Inventory for the three months ended in Mar. 2024 was 11.76.

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

TSE:3623' s Days Inventory Range Over the Past 10 Years
Min: 0.71 Med: 9.08 Max: 14.18
Current: 9.09

During the past 13 years, Billing System's highest Days Inventory was 14.18. The lowest was 0.71. And the median was 9.08.

TSE:3623's Days Inventory is ranked better than
61.8% of 1563 companies
in the Software industry
Industry Median: 18.88 vs TSE:3623: 9.09

Billing System's Days Inventory increased from Mar. 2023 (6.50) to Mar. 2024 (11.76). It might indicate that Billing System's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Billing System's Inventory Turnover for the three months ended in Mar. 2024 was 7.76.

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. Billing System's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.08.

Billing System Days Inventory Historical Data

The historical data trend for Billing System'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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Billing System Days Inventory Chart

Billing System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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8.45

10.75

9.70

7.06

9.95

Billing System Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															6.50	5.50	8.29	11.93	11.76

Competitive Comparison of Billing System's Days Inventory

For the Software - Infrastructure subindustry, Billing System'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.

Billing System's Days Inventory Distribution in the Software Industry

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

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

Billing System Days Inventory Calculation

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

Billing System'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
=	( (40.92	+	90.777)	/	2 )	/	2414.516	*	365
=	65.8485					/	2414.516	*	365
=	9.95

Billing System'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
=	( (90.777	+	71.014)	/	2 )	/	627.744	*	365 / 4
=	80.8955					/	627.744	*	365 / 4
=	11.76

Billing System (TSE:3623) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	627.744	/	80.8955
	=	7.76

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	80.8955	/	995.601
	=	0.08

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.

Billing System Days Inventory Related Terms

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

Billing System (TSE:3623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Billing System Corp (TSE:3623) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imperial Hotel Tower 13F 1-1-1, Uchisaiwai, Tokyo, JPN, 100-0011

Website

http://www.billingjapan.co.jp

Billing System Corp is engaged in the provision of business contract services and consulting services. It operates in the following business divisions: The Settlement Support division which includes quick credit, agency payment and payment support services, in support of the streamlining for call-in, payment and cash management businesses through the company's settlement platform, the finance division which includes financing agency business between companies and commercial money lenders and other division is engaged in the provision of environmental business-related services, as well as consulting services.

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