Nikki Global Finance (BOM:531272) Days Inventory : 1,553.78 (As of Dec. 2023)

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What is Nikki Global Finance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Nikki Global Finance's Average Total Inventories for the three months ended in Dec. 2023 was ₹0.61 Mil. Nikki Global Finance's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.04 Mil. Hence, Nikki Global Finance's Days Inventory for the three months ended in Dec. 2023 was 1,553.78.

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

BOM:531272' s Days Inventory Range Over the Past 10 Years
Min: 2.68 Med: 19.61 Max: 626.93
Current: 626.93

During the past 13 years, Nikki Global Finance's highest Days Inventory was 626.93. The lowest was 2.68. And the median was 19.61.

BOM:531272's Days Inventory is ranked worse than
87.13% of 101 companies
in the Credit Services industry
Industry Median: 41.91 vs BOM:531272: 626.93

Nikki Global Finance's Days Inventory increased from Dec. 2022 (399.80) to Dec. 2023 (1,553.78). It might indicate that Nikki Global Finance's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nikki Global Finance's Inventory Turnover for the three months ended in Dec. 2023 was 0.06.

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.

Nikki Global Finance Days Inventory Historical Data

The historical data trend for Nikki Global 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.

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Nikki Global Finance Days Inventory Chart

Nikki Global Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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18.93

58.11

494.46

343.02

374.98

Nikki Global Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															399.80	305.00	1,012.05	635.64	1,553.78

Competitive Comparison of Nikki Global Finance's Days Inventory

For the Credit Services subindustry, Nikki Global 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.

Nikki Global Finance's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Nikki Global Finance's Days Inventory distribution charts can be found below:

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

Nikki Global Finance Days Inventory Calculation

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

Nikki Global Finance's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.564	+	0.488)	/	2 )	/	0.512	*	365
=	0.526					/	0.512	*	365
=	374.98

Nikki Global Finance's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.613	+	0)	/	1 )	/	0.036	*	365 / 4
=	0.613					/	0.036	*	365 / 4
=	1,553.78

Nikki Global Finance (BOM:531272) 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.

Nikki Global Finance's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.036	/	0.613
	=	0.06

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.

Nikki Global Finance's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.613	/	0
	=

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.

Nikki Global Finance Days Inventory Related Terms

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

Nikki Global Finance (BOM:531272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Nikki Global Finance Ltd (BOM:531272) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

124 Thapar House, 3rd Floor, Eastern and Central Wing, Janpath, New Delhi, IND, 110001

Website

https://www.nikkiglobal.com

Nikki Global Finance Ltd is engaged in providing corporate loans and various debt products. It provides a wide range of diversified debt products. The company products include Secured term loans for capital expenditure, working capital, Brownfield/Greenfield expansions; loans against property, gold, and listed shares; Acquisitions; Bridge financing; Creeping Takeover, and others.

Nikki Global Finance (BOM:531272) Headlines

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