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Akme Fintrade (India) (BOM:544200) Days Inventory : 0.00 (As of Sep. 2024)


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What is Akme Fintrade (India) Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Akme Fintrade (India)'s Average Total Inventories for the six months ended in Sep. 2024 was ₹0.0 Mil. Akme Fintrade (India)'s Cost of Goods Sold for the six months ended in Sep. 2024 was ₹201.5 Mil. Hence, Akme Fintrade (India)'s Days Inventory for the six months ended in Sep. 2024 was 0.00.

The historical rank and industry rank for Akme Fintrade (India)'s Days Inventory or its related term are showing as below:

BOM:544200's Days Inventory is not ranked *
in the Credit Services industry.
Industry Median: 51.13
* Ranked among companies with meaningful Days Inventory only.

Akme Fintrade (India)'s Days Inventory stayed the same from Mar. 2023 (0.00) to Sep. 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. Akme Fintrade (India)'s Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.00.

Akme Fintrade (India) Days Inventory Historical Data

The historical data trend for Akme Fintrade (India)'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.

Akme Fintrade (India) Days Inventory Chart

Akme Fintrade (India) Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Days Inventory
- - - -

Akme Fintrade (India) Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Sep24
Days Inventory Get a 7-Day Free Trial - - - - -

Competitive Comparison of Akme Fintrade (India)'s Days Inventory

For the Credit Services subindustry, Akme Fintrade (India)'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.

Akme Fintrade (India)'s Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Akme Fintrade (India)'s Days Inventory distribution charts can be found below:

* The bar in red indicates where Akme Fintrade (India)'s Days Inventory falls into.


Akme Fintrade (India) Days Inventory Calculation

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

Akme Fintrade (India)'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 ) / 331.72*365
=0 / 331.72*365
=0.00

Akme Fintrade (India)'s Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 201.458*365 / 2
=0 / 201.458*365 / 2
=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.

Akme Fintrade (India)  (BOM:544200) 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.

Akme Fintrade (India)'s Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=201.458 / 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.

Akme Fintrade (India)'s Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0 / 427.886
=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.

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.

Akme Fintrade (India) Days Inventory Related Terms

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Akme Fintrade (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (BOM:544200) » Definitions » Days Inventory
Comparable Companies
Traded in Other Exchanges
AFIL:India
Address
608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069
Website
Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

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