GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Wealth First Portfolio Managers Ltd (NSE:WEALTH) » Definitions » Days Inventory

Wealth First Portfolio Managers (NSE:WEALTH) Days Inventory : 17.44 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Wealth First Portfolio Managers Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wealth First Portfolio Managers's Average Total Inventories for the three months ended in Dec. 2023 was ₹437 Mil. Wealth First Portfolio Managers's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹2,286 Mil. Hence, Wealth First Portfolio Managers's Days Inventory for the three months ended in Dec. 2023 was 17.44.

The historical rank and industry rank for Wealth First Portfolio Managers's Days Inventory or its related term are showing as below:

NSE:WEALTH' s Days Inventory Range Over the Past 10 Years
Min: 8.25   Med: 27.89   Max: 90.64
Current: 19.87

During the past 9 years, Wealth First Portfolio Managers's highest Days Inventory was 90.64. The lowest was 8.25. And the median was 27.89.

NSE:WEALTH's Days Inventory is ranked better than
66.51% of 218 companies
in the Capital Markets industry
Industry Median: 61.3 vs NSE:WEALTH: 19.87

Wealth First Portfolio Managers's Days Inventory declined from Dec. 2022 (28.99) to Dec. 2023 (17.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wealth First Portfolio Managers's Inventory Turnover for the three months ended in Dec. 2023 was 5.23.

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. Wealth First Portfolio Managers's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.18.


Wealth First Portfolio Managers Days Inventory Historical Data

The historical data trend for Wealth First Portfolio Managers'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.

* Premium members only.

Wealth First Portfolio Managers Days Inventory Chart

Wealth First Portfolio Managers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 28.19 26.33 15.10 8.25 27.58

Wealth First Portfolio Managers Quarterly Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.99 37.30 27.67 17.42 17.44

Competitive Comparison of Wealth First Portfolio Managers's Days Inventory

For the Capital Markets subindustry, Wealth First Portfolio Managers'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.


Wealth First Portfolio Managers's Days Inventory Distribution in the Capital Markets Industry

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

* The bar in red indicates where Wealth First Portfolio Managers's Days Inventory falls into.



Wealth First Portfolio Managers Days Inventory Calculation

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

Wealth First Portfolio Managers'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
=( (316.842 + 237.714) / 2 ) / 3669.231*365
=277.278 / 3669.231*365
=27.58

Wealth First Portfolio Managers'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
=( (436.713 + 0) / 1 ) / 2285.538*365 / 4
=436.713 / 2285.538*365 / 4
=17.44

* 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.


Wealth First Portfolio Managers  (NSE:WEALTH) 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.

Wealth First Portfolio Managers's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Wealth First Portfolio Managers's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Wealth First Portfolio Managers Days Inventory Related Terms

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


Wealth First Portfolio Managers (NSE:WEALTH) Business Description

Traded in Other Exchanges
N/A
Address
Near Prahaladnagar Garden, Off S.G. Highway, Capitol House, 10 Paras-II, Anandnagar, Near Campus Corner, Ahmedabad, GJ, IND, 380015
Wealth First Portfolio Managers Ltd is a financial service provider for various types of financial products available in the Indian market. The company offers research for products that deliver compatible performance in terms of yield. The product portfolio of the company consists of government bonds and securities, direct equity, cash management services, derivative products, mutual funds, insurance products, commodities, and market-making services. The mutual fund brokerage generates maximum revenue for the company. It offers its services only to the Indian market.

Wealth First Portfolio Managers (NSE:WEALTH) Headlines

No Headlines