Parsoli (BOM:530071) Days Inventory : 2.44 (As of Jun. 2023)

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What is Parsoli Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Parsoli's Average Total Inventories for the three months ended in Jun. 2023 was ₹0.03 Mil. Parsoli's Cost of Goods Sold for the three months ended in Jun. 2023 was ₹1.16 Mil. Hence, Parsoli's Days Inventory for the three months ended in Jun. 2023 was 2.44.

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

BOM:530071' s Days Inventory Range Over the Past 10 Years
Min: 1.73 Med: 2.32 Max: 100.69
Current: 2.21

During the past 5 years, Parsoli's highest Days Inventory was 100.69. The lowest was 1.73. And the median was 2.32.

BOM:530071's Days Inventory is not ranked
in the Capital Markets industry.
Industry Median: 62.495 vs BOM:530071: 2.21

Parsoli's Days Inventory increased from Jun. 2022 (1.10) to Jun. 2023 (2.44). It might indicate that Parsoli's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Parsoli's Inventory Turnover for the three months ended in Jun. 2023 was 37.32.

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.

Parsoli Days Inventory Historical Data

The historical data trend for Parsoli'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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Parsoli Days Inventory Chart

Parsoli Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

100.69

2.32

1.97

1.73

2.37

Parsoli Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial										1.10	0.46	0.66	-	2.44

Competitive Comparison of Parsoli's Days Inventory

For the Capital Markets subindustry, Parsoli'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.

Parsoli's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Parsoli's Days Inventory distribution charts can be found below:

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

Parsoli Days Inventory Calculation

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

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

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.022	+	0.031)	/	2 )	/	4.079	*	365
=	0.0265					/	4.079	*	365
=	2.37

Parsoli'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: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.031	+	0)	/	1 )	/	1.157	*	365 / 4
=	0.031					/	1.157	*	365 / 4
=	2.44

Parsoli (BOM:530071) 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.

Parsoli's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.157	/	0.031
	=	37.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.031	/	0
	=

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.

Parsoli Days Inventory Related Terms

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

Parsoli (BOM:530071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Parsoli Corp Ltd (BOM:530071) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Mahalaxmi Five Road, B/6-8 4th Floor, Shalimar Complex, Paldi, Ahmedabad, GJ, IND, 380007

Website

https://www.parsoli.com

Parsoli Corp Ltd is a retail stock broking & financial services provider. The company is engaged in providing services like broking, depository, institutional equity, and commodity trading. The company operates in one segment only which is Dealing in shares and securities. It generates key revenue from Sales of Shares.

Parsoli (BOM:530071) Headlines

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