North Eastern Carrying (NSE:NECCLTD) Days Inventory : 0.00 (As of Dec. 2023)

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What is North Eastern Carrying Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). North Eastern Carrying's Average Total Inventories for the three months ended in Dec. 2023 was ₹0 Mil. North Eastern Carrying's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹757 Mil. Hence, North Eastern Carrying's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for North Eastern Carrying's Days Inventory or its related term are showing as below:

NSE:NECCLTD's Days Inventory is not ranked ^*
in the Transportation industry.
Industry Median: 11.4
* Ranked among companies with meaningful Days Inventory only.

North Eastern Carrying's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (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. North Eastern Carrying's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

North Eastern Carrying Days Inventory Historical Data

The historical data trend for North Eastern Carrying'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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North Eastern Carrying Days Inventory Chart

North Eastern Carrying Annual Data

Trend

Mar14

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Mar23

Days Inventory

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North Eastern Carrying 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															-	-	-	-	-

Competitive Comparison of North Eastern Carrying's Days Inventory

For the Trucking subindustry, North Eastern Carrying'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.

North Eastern Carrying's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, North Eastern Carrying's Days Inventory distribution charts can be found below:

* The bar in red indicates where North Eastern Carrying's Days Inventory falls into.

North Eastern Carrying Days Inventory Calculation

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

North Eastern Carrying'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 )	/	2811.801	*	365
=	0					/	2811.801	*	365
=	0.00

North Eastern Carrying'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	+	0)	/	1 )	/	756.941	*	365 / 4
=	0					/	756.941	*	365 / 4
=	0.00

North Eastern Carrying (NSE:NECCLTD) 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.

North Eastern Carrying's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	756.941	/	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.

North Eastern Carrying's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	855.855
	=	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.

North Eastern Carrying Days Inventory Related Terms

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North Eastern Carrying (NSE:NECCLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » North Eastern Carrying Corp Ltd (NSE:NECCLTD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

534615:India

Address

Ram Bagh Road, Azad Market, NECC House, 9062/47, Delhi, IND, 110006

Website

https://www.neccgroup.com

North Eastern Carrying Corp Ltd is engaged in the business of transportation. The firm offers freight management and customized logistics solutions. NECC offers; Parcel load movement; Full truckload services; Containerized movement of cargo; ODC Movement: Bulk Movement: Storage facility, and other transport-related services. Geographically the company has a presence in Nepal and operational setups in Bhutan and Bangladesh. It generates substantial revenue from Freight.

North Eastern Carrying (NSE:NECCLTD) Headlines

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