Virtu Financial (Virtu Financial) Days Inventory : 0.00 (As of Mar. 2024)

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What is Virtu Financial Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Virtu Financial's Average Total Inventories for the three months ended in Mar. 2024 was $0 Mil. Virtu Financial's Cost of Goods Sold for the three months ended in Mar. 2024 was $241 Mil. Hence, Virtu Financial's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

VIRT's Days Inventory is not ranked ^*
in the Capital Markets industry.
Industry Median: 62.495
* Ranked among companies with meaningful Days Inventory only.

Virtu Financial's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (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. Virtu Financial's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Virtu Financial Days Inventory Historical Data

The historical data trend for Virtu Financial'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.

Virtu Financial Days Inventory Chart

Virtu Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Virtu Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Virtu Financial's Days Inventory

For the Capital Markets subindustry, Virtu Financial'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.

Virtu Financial's Days Inventory Distribution in the Capital Markets Industry

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

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

Virtu Financial Days Inventory Calculation

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

Virtu Financial's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	902.397	*	365
=	0					/	902.397	*	365
=	0.00

Virtu Financial's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	240.622	*	365 / 4
=	0					/	240.622	*	365 / 4
=	0.00

Virtu Financial (NAS:VIRT) 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.

Virtu Financial's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	240.622	/	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.

Virtu Financial's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	642.839
	=	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.

Virtu Financial Days Inventory Related Terms

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

Virtu Financial (Virtu Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Virtu Financial Inc (NAS:VIRT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

VIRT:Mexico 0VF:Germany

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.virtu.com

Virtu Financial Inc is a technology-enabled market maker and liquidity provider to the global financial markets. The company's operating segment includes Market Making; Execution Services and Corporate. It generates maximum revenue from the Market Making segment. The Market Making segment principally consists of market-making in the cash, futures and options markets across global equities, options, fixed income, currencies, and commodities. Geographically, it derives a majority of its revenue from the United States and also has a presence in Ireland; Singapore; Canada; Australia and Other Countries.

Executives

Joseph Molluso	officer: EX VP & CFO	645 MADISON AVENUE, NEW YORK NY 10022-1010
Douglas A Cifu	director, officer: CEO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Brett Fairclough	officer: COO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Joanne Minieri	director	100 VENTERANS MEMORIAL HIGHWAY, 11TH FL, HAUPPAUGE NY 11788
Stephen Cavoli	officer: EVP	300 VESEY STREET, NEW YORK NY 10282
Gic Private Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Coral Blue Investment Pte. Ltd.	10 percent owner	168 ROBINSON ROAD 37-01 CAPITAL TOWER, SINGAPORE U0 068912
North Island Ventures, Llc	10 percent owner	51 WEST 52ND STREET, 30TH FLOOR, NEW YORK NY 10019
Sean Galvin	officer: CFO	545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Public Sector Pension Investment Board	10 percent owner	1250 RENE-LEVESQUE BLVD WEST, SUITE 1400, MONTREAL A8 H3B 5E9
Temasek Holdings (private) Ltd	10 percent owner	60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Joseph C. Grano	director	1185 AVENUE OF THE AMERICAS, SUITE 1750, NEW YORK NY 10036
Virginia Gambale	director	C/O JETBLUE AIRWAYS CORP., 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Alexander M. Ioffe	officer: CFO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006
Hyungtaek Kim	officer: CAO	ONE LIBERTY PLAZA, 165 BROADWAY, NEW YORK NY 10006