NDA Securities (BOM:511535) Inventory Turnover : 74.66 (As of Dec. 2023)

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What is NDA Securities Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. NDA Securities's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹7.69 Mil. NDA Securities's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹0.10 Mil. NDA Securities's Inventory Turnover for the quarter that ended in Dec. 2023 was 74.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NDA Securities's Days Inventory for the three months ended in Dec. 2023 was 1.22.

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. NDA Securities's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

NDA Securities Inventory Turnover Historical Data

The historical data trend for NDA Securities's Inventory Turnover 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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NDA Securities Inventory Turnover Chart

NDA Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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56.39

135.25

130.29

1,183.49

646.11

NDA Securities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															137.55	193.63	152.58	74.37	74.66

NDA Securities Inventory Turnover Calculation

NDA Securities's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	28.429	/ (	(0.05	+	0.038)	/	2 )
=	28.429	/	0.044
=	646.11

NDA Securities's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	7.69	/ (	(0.103	+	0)	/	1 )
=	7.69	/	0.103
=	74.66

NDA Securities (BOM:511535) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

NDA Securities's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.103	/	7.69	*	365 / 4
	=	1.22

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.

NDA Securities's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.103	/	16.988
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

NDA Securities Inventory Turnover Related Terms

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NDA Securities (BOM:511535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NDA Securities Ltd (BOM:511535) » Definitions » Inventory Turnover

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Address

E-157, Second Floor, Kalkaji, New Delhi, IND, 110019

Website

https://www.ndaindia.com

NDA Securities Ltd is engaged in various financial services. The company provides various stockbroking services in the equity capital market, future and options market, commodity markets, currency derivative market, and depository participants. The company is engaged in the brokerage of financial products e.g. Stock Brokerage, Mutual Funds depository Services, and investment-related activities such as investment in subsidiaries and investment in Mutual Funds. The company receives revenue from the sale of shares and mutual fund commissions, and brokerage on the sale of securities. Geographically, the company offers its services only to the Indian market region.

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