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Summit Securities (BOM:533306) Days Inventory : 0.00 (As of Mar. 2024)


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What is Summit Securities Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Summit Securities's Average Total Inventories for the three months ended in Mar. 2024 was ₹0.0 Mil. Summit Securities's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹4.0 Mil. Hence, Summit Securities's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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

BOM:533306's Days Inventory is not ranked *
in the Capital Markets industry.
Industry Median: 66.435
* Ranked among companies with meaningful Days Inventory only.

Summit Securities's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Summit Securities's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.


Summit Securities Days Inventory Historical Data

The historical data trend for Summit Securities'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.

Summit Securities Days Inventory Chart

Summit Securities Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
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Summit Securities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Summit Securities's Days Inventory

For the Capital Markets subindustry, Summit Securities'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.


Summit Securities's Days Inventory Distribution in the Capital Markets Industry

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

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



Summit Securities Days Inventory Calculation

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

Summit Securities'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
=( (0 + 0) / 1 ) / 16.159*365
=0 / 16.159*365
=0.00

Summit Securities's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 0) / 1 ) / 4.029*365 / 4
=0 / 4.029*365 / 4
=0.00

* 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.


Summit Securities  (BOM:533306) 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.

Summit Securities's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Summit Securities's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


Summit Securities Days Inventory Related Terms

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


Summit Securities (BOM:533306) Business Description

Traded in Other Exchanges
Address
B Wing, 71, Sion-Trombay Road, 213, Bezzola Complex, Chembur, Mumbai, MH, IND, 400071
Summit Securities Ltd is engaged in the provision of investment in securities. It operates as a non-banking financial company and currently holds various portfolios including listed and private entities. The company is engaged in investments and financial activities. It earns revenue from Interest and Dividend income.

Summit Securities (BOM:533306) Headlines

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