United Credit (BOM:531091) Days Inventory : 0.00 (As of Dec. 2023)

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What is United Credit Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Credit's Average Total Inventories for the three months ended in Dec. 2023 was ₹0.00 Mil. United Credit's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1.88 Mil. Hence, United Credit's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

BOM:531091's Days Inventory is not ranked ^*
in the Credit Services industry.
Industry Median: 41.91
* Ranked among companies with meaningful Days Inventory only.

United Credit's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

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

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. United Credit's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

United Credit Days Inventory Historical Data

The historical data trend for United Credit'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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United Credit Days Inventory Chart

United Credit Annual Data

Trend

Mar14

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Mar23

Days Inventory

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United Credit Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of United Credit's Days Inventory

For the Credit Services subindustry, United Credit'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.

United Credit's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, United Credit's Days Inventory distribution charts can be found below:

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

United Credit Days Inventory Calculation

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

United Credit'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	+	0)	/	1 )	/	6.047	*	365
=	0					/	6.047	*	365
=	0.00

United Credit'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
=	( (0	+	0)	/	1 )	/	1.879	*	365 / 4
=	0					/	1.879	*	365 / 4
=	0.00

United Credit (BOM:531091) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.879	/	0
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	8.239
	=	0.00

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.

United Credit Days Inventory Related Terms

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

United Credit (BOM:531091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » United Credit Ltd (BOM:531091) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

27B, Camac Street, 8th Floor, Kolkata, WB, IND, 700016

Website

https://www.unitedcreditltd.com

United Credit Ltd is an Indian(NBFC) non-banking financial company. The business is engaged in the lease, hire purchase, consumer financing, investment, and capital market operation. Business operating segments include; Financing activity and Renting activity. The company derives substantial revenue from the interest income.

United Credit (BOM:531091) Headlines

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