Shri Niwas Leasing And Finance (BOM:538897) Days Inventory : 2,253.38 (As of Mar. 2024)

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What is Shri Niwas Leasing And Finance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shri Niwas Leasing And Finance's Average Total Inventories for the three months ended in Mar. 2024 was ₹5.01 Mil. Shri Niwas Leasing And Finance's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹0.20 Mil. Hence, Shri Niwas Leasing And Finance's Days Inventory for the three months ended in Mar. 2024 was 2,253.38.

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

BOM:538897' s Days Inventory Range Over the Past 10 Years
Min: 169.02 Med: 342.71 Max: 3682.64
Current: 1131.35

During the past 11 years, Shri Niwas Leasing And Finance's highest Days Inventory was 3682.64. The lowest was 169.02. And the median was 342.71.

BOM:538897's Days Inventory is ranked worse than
93.07% of 101 companies
in the Credit Services industry
Industry Median: 41.91 vs BOM:538897: 1131.35

Shri Niwas Leasing And Finance's Days Inventory increased from Mar. 2023 (449.73) to Mar. 2024 (2,253.38). It might indicate that Shri Niwas Leasing And 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. Shri Niwas Leasing And Finance's Inventory Turnover for the three months ended in Mar. 2024 was 0.04.

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. Shri Niwas Leasing And Finance's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.97.

Shri Niwas Leasing And Finance Days Inventory Historical Data

The historical data trend for Shri Niwas Leasing And 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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Shri Niwas Leasing And Finance Days Inventory Chart

Shri Niwas Leasing And Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

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169.02

360.99

237.18

325.73

604.06

Shri Niwas Leasing And Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															449.73	1,019.82	3,668.62	1,922.59	2,253.38

Competitive Comparison of Shri Niwas Leasing And Finance's Days Inventory

For the Credit Services subindustry, Shri Niwas Leasing And 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.

Shri Niwas Leasing And Finance's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Shri Niwas Leasing And Finance's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shri Niwas Leasing And Finance's Days Inventory falls into.

Shri Niwas Leasing And Finance Days Inventory Calculation

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

Shri Niwas Leasing And 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
=	( (1.587	+	5.013)	/	2 )	/	1.994	*	365
=	3.3					/	1.994	*	365
=	604.06

Shri Niwas Leasing And Finance's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	5.013)	/	1 )	/	0.203	*	365 / 4
=	5.013					/	0.203	*	365 / 4
=	2,253.38

Shri Niwas Leasing And Finance (BOM:538897) 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.

Shri Niwas Leasing And Finance's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.203	/	5.013
	=	0.04

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.

Shri Niwas Leasing And Finance's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5.013	/	1.262
	=	3.97

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.

Shri Niwas Leasing And Finance Days Inventory Related Terms

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

Shri Niwas Leasing And Finance (BOM:538897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Shri Niwas Leasing And Finance Ltd (BOM:538897) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

47/18, Rajendra Place Metro Station, Old Rajinder Nagar, New Delhi, IND, 110060

Website

https://www.shriniwasleasingfinance.com

Shri Niwas Leasing And Finance Ltd is an India-based non-banking financial company. The company is engaged in offering loans and advances to customers who meet the eligibility criteria for availing services of the company.

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