GDEP Advance (TSE:5885) Days Inventory : 55.30 (As of Feb. 2024)

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What is GDEP Advance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GDEP Advance's Average Total Inventories for the three months ended in Feb. 2024 was 円657 Mil. GDEP Advance's Cost of Goods Sold for the three months ended in Feb. 2024 was 円1,084 Mil. Hence, GDEP Advance's Days Inventory for the three months ended in Feb. 2024 was 55.30.

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

TSE:5885' s Days Inventory Range Over the Past 10 Years
Min: 39.41 Med: 60.72 Max: 82.99
Current: 79.21

During the past 3 years, GDEP Advance's highest Days Inventory was 82.99. The lowest was 39.41. And the median was 60.72.

TSE:5885's Days Inventory is ranked better than
63.98% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs TSE:5885: 79.21

GDEP Advance's Days Inventory increased from Feb. 2023 (0.00) to Feb. 2024 (55.30). It might indicate that GDEP Advance's sales slowed down.

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. GDEP Advance's Inventory Turnover for the three months ended in Feb. 2024 was 1.65.

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. GDEP Advance's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.48.

GDEP Advance Days Inventory Historical Data

The historical data trend for GDEP Advance'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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GDEP Advance Days Inventory Chart

GDEP Advance Annual Data

Trend

May21

May22

May23

Days Inventory

39.41

60.72

82.99

GDEP Advance Quarterly Data
	May21	May22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial			-	108.98	116.54	62.16	55.30

Competitive Comparison of GDEP Advance's Days Inventory

For the Computer Hardware subindustry, GDEP Advance'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.

GDEP Advance's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, GDEP Advance's Days Inventory distribution charts can be found below:

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

GDEP Advance Days Inventory Calculation

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

GDEP Advance's Days Inventory for the fiscal year that ended in May. 2023 is calculated as

	Days Inventory (A: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (607.215	+	701.167)	/	2 )	/	2877.098	*	365
=	654.191					/	2877.098	*	365
=	82.99

GDEP Advance's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (641.13	+	673.208)	/	2 )	/	1084.48	*	365 / 4
=	657.169					/	1084.48	*	365 / 4
=	55.30

GDEP Advance (TSE:5885) 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.

GDEP Advance's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1084.48	/	657.169
	=	1.65

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.

GDEP Advance's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	657.169	/	1372.827
	=	0.48

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.

GDEP Advance Days Inventory Related Terms

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

GDEP Advance (TSE:5885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GDEP Advance Inc (TSE:5885) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-33 Kokubuncho, 8th floor, Sendai Jozenji Building, Aoba-ku, Sendai, JPN, 980-0803

Website

https://info.gdep.co.jp

GDEP Advance Inc is engaged in the Sales Business of hardware and other products that enable advanced processing such as AI learning. The company's products include Graphic boards, Computing boards, FPGA boards, Deep learning boxes, fsv-rm1u4b, and others.

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