First Fintec (BOM:532379) Inventory Turnover : 0.00 (As of Sep. 2024)

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What is First Fintec 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. First Fintec's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹1.12 Mil. First Fintec's Average Total Inventories for the quarter that ended in Sep. 2024 was ₹0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Fintec's Days Inventory for the three months ended in Sep. 2024 was 0.00.

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. First Fintec's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.00.

First Fintec Inventory Turnover Historical Data

The historical data trend for First Fintec'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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First Fintec Inventory Turnover Chart

First Fintec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.41

2.44

4.39

46.99

First Fintec Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

First Fintec Inventory Turnover Calculation

First Fintec's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	12.732	/ (	(0	+	0)	/	1 )
=	12.732	/	0
=	N/A

First Fintec's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1.12	/ (	(0	+	0)	/	1 )
=	1.12	/	0
=	N/A

First Fintec (BOM:532379) 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.

First Fintec's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	0	/	1.12	*	365 / 4
	=	0.00

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.

First Fintec's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	0	/	4.88
	=	0.00

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.

First Fintec Inventory Turnover Related Terms

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First Fintec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » First Fintec Ltd (BOM:532379) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dr. R.C. Marg, 302, The Bureau Chambers, Above State Bank of India, Chembur (East), Mumbai, MH, IND, 400071

Website

https://www.firstfintec.com

First Fintec Ltd formerly Firstobject Technologies Ltd is an Information technology (IT), Information technology-enabled services(ITES), and e-education company that offers business, technology, and process consulting and services. The company operates in providing business process management and outsourcing strategies, enterprise resource planning software, and middle and back-office support to capital market arms of banks, educational institutions, and manufacturing and service companies. The firm generates majority of its revenue from software services, educational software in the form of e-content, and software products.

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