Purple Finance (BOM:544191) Days Inventory : 0.00 (As of Dec. 2024)

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What is Purple Finance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Purple Finance's Average Total Inventories for the three months ended in Dec. 2024 was ₹0.00 Mil. Purple Finance's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹72.87 Mil. Hence, Purple Finance's Days Inventory for the three months ended in Dec. 2024 was 0.00.

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

BOM:544191's Days Inventory is not ranked ^*
in the Credit Services industry.
Industry Median: 47.575
* Ranked among companies with meaningful Days Inventory only.

Purple Finance's Days Inventory stayed the same from Sep. 2023 (0.00) to Dec. 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. Purple Finance's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.00.

Purple Finance Days Inventory Historical Data

The historical data trend for Purple 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.

Purple Finance Days Inventory Chart

Purple Finance Annual Data

Trend

Mar22

Mar23

Days Inventory

Purple Finance Quarterly Data
	Mar22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Purple Finance's Days Inventory

For the Credit Services subindustry, Purple 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.

Purple Finance's Days Inventory Distribution in the Credit Services Industry

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

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

Purple Finance Days Inventory Calculation

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

Purple 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	+	0)	/	1 )	/	46.142	*	365
=	0					/	46.142	*	365
=	0.00

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

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	72.866	*	365 / 4
=	0					/	72.866	*	365 / 4
=	0.00

Purple Finance (BOM:544191) 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.

Purple Finance's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	72.866	/	0
	=

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.

Purple Finance's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	35.583
	=	0.00

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.

Purple Finance Days Inventory Related Terms

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Purple Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Purple Finance Ltd (BOM:544191) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sant Dnyaneshwar Marg, 705/706, Hallmark Business Plaza, Opp. Gurunanak Hospital, Bandra East, Mumbai, MH, IND, 400051

Website

https://www.purplefinance.in

Purple Finance Ltd is engaged in lending loans to Corporate & Non-Corporate entities. It provide easier and simplified funding options for the micro and small business enterprise at competitive pricing, faster credit decisions and transparent processes. Its product include MSME Secured Loan.

Purple Finance Headlines

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