Niyogin Fintech (BOM:538772) Inventory Turnover : 8.89 (As of Jun. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Niyogin Fintech 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. Niyogin Fintech's Cost of Goods Sold for the three months ended in Jun. 2024 was ₹502 Mil. Niyogin Fintech's Average Total Inventories for the quarter that ended in Jun. 2024 was ₹57 Mil. Niyogin Fintech's Inventory Turnover for the quarter that ended in Jun. 2024 was 8.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Niyogin Fintech's Days Inventory for the three months ended in Jun. 2024 was 10.27.

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. Niyogin Fintech's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.12.

Niyogin Fintech Inventory Turnover Historical Data

The historical data trend for Niyogin Fintech'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.

* Premium members only.

Niyogin Fintech Inventory Turnover Chart

Niyogin Fintech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

34.52

63.83

29.97

32.40

Niyogin Fintech Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															7.74	9.23	9.93	7.35	8.89

Niyogin Fintech Inventory Turnover Calculation

Niyogin Fintech'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 )
=	1755.48	/ (	(51.829	+	56.54)	/	2 )
=	1755.48	/	54.1845
=	32.40

Niyogin Fintech's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	502.447	/ (	(56.54	+	0)	/	1 )
=	502.447	/	56.54
=	8.89

Niyogin Fintech (BOM:538772) 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.

Niyogin Fintech's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	56.54	/	502.447	*	365 / 4
	=	10.27

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.

Niyogin Fintech's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	56.54	/	483.816
	=	0.12

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.

Niyogin Fintech Inventory Turnover Related Terms

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

Niyogin Fintech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Niyogin Fintech Ltd (BOM:538772) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kirol Road, 311/312, 3rd Floor, Neelkanth Corporate IT Park, Vidyavihar (West), Mumbai, MH, IND, 400086

Website

https://www.niyogin.com

Niyogin Fintech Ltd is an Indian non-banking finance company. It is engaged in providing lending facilities and credit services to small and medium business. Geographically, it operates only in India. The company generates its revenue in the form of interest income, processing fees, Bounce charges, and other finance charges.

Niyogin Fintech Headlines

No Headlines