Niks Technology (BOM:543282) Total Inventories : ₹1.43 Mil (As of Sep. 2023)

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What is Niks Technology Total Inventories?

Niks Technology's total inventories for the quarter that ended in Sep. 2023 was ₹1.43 Mil. Niks Technology's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was ₹2.67 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Niks Technology's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₹12.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Niks Technology's Days Inventory for the six months ended in Sep. 2023 was 39.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Niks Technology's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.63.

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. Niks Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.14.

Niks Technology Total Inventories Historical Data

The historical data trend for Niks Technology's Total Inventories 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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Niks Technology Total Inventories Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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0.12

0.01

3.92

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial					0.25	0.01	0.73	3.92	1.43

Niks Technology Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Niks Technology (BOM:543282) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Niks Technology's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(20.694	+	0.75 * 8.48	+	0.5 * 1.43	-	22.896
-	0	-	0)	/	0.4
=	12.18

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

Niks Technology's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	2.6725	/	12.375	*	365 / 2
	=	39.41

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

Niks Technology's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	12.375	/	2.6725
	=	4.63

4. 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.

Niks Technology's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	2.6725	/	18.824
	=	0.14

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Niks Technology Total Inventories Related Terms

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Niks Technology (BOM:543282) Business Description

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Address

Old Bypass Main Road, Flat No. 501, Shiv Laxmi Plaza, Opposite Rajendra Nagar Terminal, Kankarbagh, Patna, BR, IND, 800020

Website

https://www.nikstech.com

Niks Technology Ltd is an information technology solution service provider company. It offers a range of services such as cyber security, digital marketing, software development, website development, mobile app development, android app development, and classroom training and certification courses to students through offline and online routes.

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