Nikki Global Finance (BOM:531272) Inventory Turnover : 0.06 (As of Dec. 2023)

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What is Nikki Global Finance Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Nikki Global Finance's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹0.04 Mil. Nikki Global Finance's Average Total Inventories for the quarter that ended in Dec. 2023 was ₹0.61 Mil. Nikki Global Finance's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nikki Global Finance's Days Inventory for the three months ended in Dec. 2023 was 1,553.78.

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.

Nikki Global Finance Inventory Turnover Historical Data

The historical data trend for Nikki Global Finance's Inventory Turnover 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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Nikki Global Finance Inventory Turnover Chart

Nikki Global Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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19.28

6.28

0.74

1.06

0.97

Nikki Global Finance Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.23	0.30	0.09	0.14	0.06

Nikki Global Finance Inventory Turnover Calculation

Nikki Global Finance's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.512	/ (	(0.564	+	0.488)	/	2 )
=	0.512	/	0.526
=	0.97

Nikki Global Finance's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	0.036	/ (	(0.613	+	0)	/	1 )
=	0.036	/	0.613
=	0.06

Nikki Global Finance (BOM:531272) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Nikki Global Finance's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.613	/	0.036	*	365 / 4
	=	1,553.78

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.

Nikki Global Finance's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.613	/	0
	=

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Nikki Global Finance Inventory Turnover Related Terms

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Nikki Global Finance (BOM:531272) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Nikki Global Finance Ltd (BOM:531272) » Definitions » Inventory Turnover

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Address

124 Thapar House, 3rd Floor, Eastern and Central Wing, Janpath, New Delhi, IND, 110001

Website

https://www.nikkiglobal.com

Nikki Global Finance Ltd is engaged in providing corporate loans and various debt products. It provides a wide range of diversified debt products. The company products include Secured term loans for capital expenditure, working capital, Brownfield/Greenfield expansions; loans against property, gold, and listed shares; Acquisitions; Bridge financing; Creeping Takeover, and others.

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