Niks Technology (BOM:543282) Days Inventory : 39.41 (As of Sep. 2023)

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What is Niks Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Niks Technology's Average Total Inventories for the six months ended in Sep. 2023 was ₹2.67 Mil. Niks Technology's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹12.38 Mil. Hence, Niks Technology's Days Inventory for the six months ended in Sep. 2023 was 39.41.

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

BOM:543282' s Days Inventory Range Over the Past 10 Years
Min: 0.5 Med: 30.22 Max: 170.06
Current: 37.13

During the past 6 years, Niks Technology's highest Days Inventory was 170.06. The lowest was 0.50. And the median was 30.22.

BOM:543282's Days Inventory is ranked worse than
62.48% of 1559 companies
in the Software industry
Industry Median: 19.53 vs BOM:543282: 37.13

Niks Technology's Days Inventory increased from Sep. 2022 (14.02) to Sep. 2023 (39.41). It might indicate that Niks Technology'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. Niks Technology's Inventory Turnover for the six months 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 six months ended in Sep. 2023 was 0.14.

Niks Technology Days Inventory Historical Data

The historical data trend for Niks Technology'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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Niks Technology Days Inventory Chart

Niks Technology Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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30.22

170.06

0.50

58.07

Niks Technology Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial					102.25	5.95	14.02	56.29	39.41

Competitive Comparison of Niks Technology's Days Inventory

For the Information Technology Services subindustry, Niks Technology'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.

Niks Technology's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Niks Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Niks Technology's Days Inventory falls into.

Niks Technology Days Inventory Calculation

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 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
=	( (0.006	+	3.915)	/	2 )	/	12.322	*	365
=	1.9605					/	12.322	*	365
=	58.07

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

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.915	+	1.43)	/	2 )	/	12.375	*	365 / 2
=	2.6725					/	12.375	*	365 / 2
=	39.41

Niks Technology (BOM:543282) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12.375	/	2.6725
	=	4.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.6725	/	18.824
	=	0.14

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.

Niks Technology Days Inventory Related Terms

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

Niks Technology (BOM:543282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Niks Technology Ltd (BOM:543282) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

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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