RNFI Services (NSE:RNFI) Days Inventory : 3.09 (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is RNFI Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RNFI Services's Average Total Inventories for the six months ended in Sep. 2024 was ₹73 Mil. RNFI Services's Cost of Goods Sold for the six months ended in Sep. 2024 was ₹4,315 Mil. Hence, RNFI Services's Days Inventory for the six months ended in Sep. 2024 was 3.09.

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

NSE:RNFI' s Days Inventory Range Over the Past 10 Years
Min: 1.45 Med: 4.37 Max: 9.6
Current: 2.76

During the past 4 years, RNFI Services's highest Days Inventory was 9.60. The lowest was 1.45. And the median was 4.37.

NSE:RNFI's Days Inventory is ranked better than
82.43% of 222 companies
in the Capital Markets industry
Industry Median: 68.765 vs NSE:RNFI: 2.76

RNFI Services's Days Inventory increased from Sep. 2023 (1.60) to Sep. 2024 (3.09). It might indicate that RNFI Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. RNFI Services's Inventory Turnover for the six months ended in Sep. 2024 was 59.15.

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. RNFI Services's Inventory-to-Revenue for the six months ended in Sep. 2024 was 0.02.

RNFI Services Days Inventory Historical Data

The historical data trend for RNFI Services'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.

RNFI Services Days Inventory Chart

RNFI Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Days Inventory

9.60

6.80

1.45

1.93

RNFI Services Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Days Inventory	Get a 7-Day Free Trial			-	-	1.60	2.03	3.09

Competitive Comparison of RNFI Services's Days Inventory

For the Capital Markets subindustry, RNFI Services'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.

RNFI Services's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, RNFI Services's Days Inventory distribution charts can be found below:

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

RNFI Services Days Inventory Calculation

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

RNFI Services'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
=	( (49.226	+	46.64)	/	2 )	/	9044.021	*	365
=	47.933					/	9044.021	*	365
=	1.93

RNFI Services'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (46.64	+	99.247)	/	2 )	/	4314.608	*	365 / 2
=	72.9435					/	4314.608	*	365 / 2
=	3.09

RNFI Services (NSE:RNFI) 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.

RNFI Services's Inventory Turnover for the six months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4314.608	/	72.9435
	=	59.15

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.

RNFI Services's Inventory to Revenue for the six months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	72.9435	/	4581.103
	=	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.

RNFI Services Days Inventory Related Terms

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

RNFI Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » RNFI Services Ltd (NSE:RNFI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

DLF Industrial Area, Plot No. 42, UG-5, Relipay House, Kirti Nagar, West Delhi, New Delhi, IND, 110015

Website

https://www.rnfiservices.com

RNFI Services Ltd is a tech-enabled platform offering financial technology solutions in the B2B and B2B2C financial technology arena through an integrated business model via online portal and mobile application, focusing on providing banking, digital, and Government to Citizen (G2C) services on PAN India basis. It segregates its business into three segments namely; Business correspondent services; Non-business correspondent services; and others. Key revenue is generated from the Non-business correspondent services.

RNFI Services Headlines

No Headlines