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Glance Finance (BOM:531199) Days Inventory : 0.00 (As of Jun. 2024)


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What is Glance Finance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Glance Finance's Average Total Inventories for the three months ended in Jun. 2024 was ₹0.0 Mil. Glance Finance's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹1.1 Mil. Hence, Glance Finance's Days Inventory for the three months ended in Jun. 2024 was 0.00.

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

BOM:531199' s Days Inventory Range Over the Past 10 Years
Min: 45.35   Med: 421.97   Max: 29301.69
Current: 45.35

During the past 13 years, Glance Finance's highest Days Inventory was 29301.69. The lowest was 45.35. And the median was 421.97.

BOM:531199's Days Inventory is ranked better than
55.7% of 228 companies
in the Capital Markets industry
Industry Median: 64.81 vs BOM:531199: 45.35

Glance Finance's Days Inventory declined from Jun. 2023 (2,740.53) to Jun. 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. Glance Finance's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.00.


Glance Finance Days Inventory Historical Data

The historical data trend for Glance Finance'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.

Glance Finance Days Inventory Chart

Glance Finance Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 351.59 29,301.69 966.31 595.33 69.00

Glance Finance Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 2,740.53 38.77 16.44 - -

Competitive Comparison of Glance Finance's Days Inventory

For the Capital Markets subindustry, Glance Finance'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.


Glance Finance's Days Inventory Distribution in the Capital Markets Industry

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

* The bar in red indicates where Glance Finance's Days Inventory falls into.



Glance Finance Days Inventory Calculation

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

Glance Finance's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (22.615 + 0) / 1 ) / 119.628*365
=22.615 / 119.628*365
=69.00

Glance Finance's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 1.139*365 / 4
=0 / 1.139*365 / 4
=0.00

* 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.


Glance Finance  (BOM:531199) 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.

Glance Finance's Inventory Turnover for the three months ended in Jun. 2024 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.

Glance Finance's Inventory to Revenue for the three months ended in Jun. 2024 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.


Glance Finance Days Inventory Related Terms

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


Glance Finance Business Description

Traded in Other Exchanges
N/A
Address
192, Dr. D.N. Road, 7, Kitab Mahal, 1st Floor, Fort, Mumbai, MH, IND, 400001
Glance Finance Ltd is a non-banking financial company. It is involved in fund-based financing activities. The company engaged in the business of Asset Leasing and Investment in Capital Market. It generates revenue in the form of Interest; Dividends; Fees and Commission; Sale of Traded Goods and other income.

Glance Finance Headlines

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