Vedant Asset (BOM:543623) Change In Inventory : ₹0.12 Mil (TTM As of Mar. 2024)

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What is Vedant Asset Change In Inventory?

Vedant Asset's change in inventory for the quarter that ended in Mar. 2024 was ₹0.03 Mil. It means Vedant Asset's inventory declined by ₹0.03 Mil from Sep. 2023 to Mar. 2024 .

Vedant Asset's change in inventory for the fiscal year that ended in Mar. 2024 was ₹0.12 Mil. It means Vedant Asset's inventory declined by ₹0.12 Mil from Mar. 2023 to Mar. 2024 .

Vedant Asset's Total Inventories for the quarter that ended in Mar. 2024 was ₹1.63 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vedant Asset's Days Inventory for the quarter that ended in Mar. 2024 was 35.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. Vedant Asset's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.09.

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. Vedant Asset's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Vedant Asset Change In Inventory Historical Data

The historical data trend for Vedant Asset's Change In 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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Vedant Asset Change In Inventory Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

-2.11

0.36

0.12

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Change In Inventory	Get a 7-Day Free Trial			-	-	-	0.09	0.03

Vedant Asset Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹0.12 Mil.

Vedant Asset (BOM:543623) Change In Inventory Explanation

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

Vedant Asset's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.645	/	8.365	*	365 / 2
	=	35.89

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

Vedant Asset's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8.365	/	1.645
	=	5.09

3. 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.

Vedant Asset's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.645	/	17.673
	=	0.09

Vedant Asset Change In Inventory Related Terms

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Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

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