NIIT (NSE:NIITLTD) Days Inventory : 2.63 (As of Dec. 2024)

View and export this data going back to 2004. Start your Free Trial

What is NIIT Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NIIT's Average Total Inventories for the three months ended in Dec. 2024 was ₹20 Mil. NIIT's Cost of Goods Sold for the three months ended in Dec. 2024 was ₹688 Mil. Hence, NIIT's Days Inventory for the three months ended in Dec. 2024 was 2.63.

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

NSE:NIITLTD' s Days Inventory Range Over the Past 10 Years
Min: 0.62 Med: 2.21 Max: 5.89
Current: 2.01

During the past 13 years, NIIT's highest Days Inventory was 5.89. The lowest was 0.62. And the median was 2.21.

NSE:NIITLTD's Days Inventory is ranked better than
80.49% of 164 companies
in the Education industry
Industry Median: 7.755 vs NSE:NIITLTD: 2.01

NIIT's Days Inventory increased from Dec. 2023 (1.60) to Dec. 2024 (2.63). It might indicate that NIIT's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. NIIT's Inventory Turnover for the three months ended in Dec. 2024 was 34.63.

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. NIIT's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.02.

NIIT Days Inventory Historical Data

The historical data trend for NIIT'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.

NIIT Days Inventory Chart

NIIT Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Inventory

Get a 7-Day Free Trial

1.77

0.62

3.72

1.88

1.44

NIIT Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															1.60	1.96	1.60	2.63	2.63

Competitive Comparison of NIIT's Days Inventory

For the Education & Training Services subindustry, NIIT'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.

NIIT's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, NIIT's Days Inventory distribution charts can be found below:

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

Save Embed

;

Save Embed

;

NIIT Days Inventory Calculation

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

NIIT'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
=	( (6.95	+	10.55)	/	2 )	/	2217.58	*	365
=	8.75					/	2217.58	*	365
=	1.44

NIIT'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
=	( (19.88	+	0)	/	1 )	/	688.45	*	365 / 4
=	19.88					/	688.45	*	365 / 4
=	2.63

NIIT (NSE:NIITLTD) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	688.45	/	19.88
	=	34.63

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.88	/	981.11
	=	0.02

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.

NIIT Days Inventory Related Terms

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

NIIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » NIIT Ltd (NSE:NIITLTD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

500304:India

Address

Plot No. 85, Sector 32, Institutional Area, Gurgaon, HR, IND, 122 001

Website

https://www.niit.com

NIIT Ltd provides multi-disciplinary learning management and training delivery solutions to corporations, institutions, and individuals globally. Its business is divided into a Corporate learning group, a Skills and Careers group, and a School learning group. The activities of these divisions include training outsourcing to companies in North America and Europe, courses related to IT, BFSI, KPO, management education, multi-vocational skills, digital media marketing, professional life skills, teaching, and education to schools in India. It derives key revenue from offering services to corporate learning groups.

NIIT Headlines

No Headlines