Niks Technology (BOM:543282) Change In Inventory : ₹-0.70 Mil (TTM As of Sep. 2023)

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What is Niks Technology Change In Inventory?

Niks Technology's change in inventory for the quarter that ended in Sep. 2023 was ₹2.49 Mil. It means Niks Technology's inventory declined by ₹2.49 Mil from Mar. 2023 to Sep. 2023 .

Niks Technology's change in inventory for the fiscal year that ended in Mar. 2023 was ₹-3.91 Mil. It means Niks Technology's inventory increased by ₹3.91 Mil from Mar. 2022 to Mar. 2023 .

Niks Technology's Total Inventories for the quarter that ended in Sep. 2023 was ₹1.43 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Niks Technology's Days Inventory for the quarter that ended in Sep. 2023 was 39.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Niks Technology's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.63.

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. Niks Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.14.

Niks Technology Change In Inventory Historical Data

The historical data trend for Niks Technology's Change In 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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Niks Technology Change In Inventory Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-0.02

0.12

-0.01

-3.91

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Inventory	Get a 7-Day Free Trial					-0.25	0.25	-0.72	-3.19	2.49

Niks Technology Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-0.70 Mil.

Niks Technology (BOM:543282) Change In Inventory Explanation

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

Niks Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.6725	/	12.375	*	365 / 2
	=	39.41

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Niks Technology's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.375	/	2.6725
	=	4.63

3. 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.

Niks Technology's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.6725	/	18.824
	=	0.14

Niks Technology Change In Inventory Related Terms

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Niks Technology (BOM:543282) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Change In Inventory

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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