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Abhishek Finlease (BOM:538935) Days Inventory : 345.38 (As of Dec. 2023)


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What is Abhishek Finlease Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Abhishek Finlease's Average Total Inventories for the three months ended in Dec. 2023 was ₹6.27 Mil. Abhishek Finlease's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1.66 Mil. Hence, Abhishek Finlease's Days Inventory for the three months ended in Dec. 2023 was 345.38.

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

BOM:538935' s Days Inventory Range Over the Past 10 Years
Min: 77.27   Med: 745.1   Max: 2415.56
Current: 507.47

During the past 10 years, Abhishek Finlease's highest Days Inventory was 2415.56. The lowest was 77.27. And the median was 745.10.

BOM:538935's Days Inventory is ranked worse than
82.04% of 167 companies
in the Asset Management industry
Industry Median: 76.77 vs BOM:538935: 507.47

Abhishek Finlease's Days Inventory declined from Dec. 2022 (661.76) to Dec. 2023 (345.38).

Inventory Turnover measures how fast the company turns over its inventory within a year. Abhishek Finlease's Inventory Turnover for the three months ended in Dec. 2023 was 0.26.

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. Abhishek Finlease's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.38.


Abhishek Finlease Days Inventory Historical Data

The historical data trend for Abhishek Finlease'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.

Abhishek Finlease Days Inventory Chart

Abhishek Finlease Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 434.51 721.22 745.10 657.39 1,625.76

Abhishek Finlease Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 661.76 3,944.94 1,109.74 243.70 345.38

Competitive Comparison of Abhishek Finlease's Days Inventory

For the Asset Management subindustry, Abhishek Finlease'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.


Abhishek Finlease's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Abhishek Finlease's Days Inventory distribution charts can be found below:

* The bar in red indicates where Abhishek Finlease's Days Inventory falls into.



Abhishek Finlease Days Inventory Calculation

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

Abhishek Finlease's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

Days Inventory (A: Mar. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count ) / Cost of Goods Sold (A: Mar. 2023 )*Days in Period
=( (6.314 + 6.701) / 2 ) / 1.461*365
=6.5075 / 1.461*365
=1,625.76

Abhishek Finlease's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (6.268 + 0) / 1 ) / 1.656*365 / 4
=6.268 / 1.656*365 / 4
=345.38

* 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.


Abhishek Finlease  (BOM:538935) 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.

Abhishek Finlease's Inventory Turnover for the three months ended in Dec. 2023 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.

Abhishek Finlease's Inventory to Revenue for the three months ended in Dec. 2023 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.


Abhishek Finlease Days Inventory Related Terms

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


Abhishek Finlease (BOM:538935) Business Description

Traded in Other Exchanges
N/A
Address
402, Wall Street -1, Opposite Orient Club, Near Gujarat College, Ellisbridge, Ahmedabad, GJ, IND, 380006
Abhishek Finlease Ltd is an investment and financial consultant. It is engaged in providing financial services including long-term financial investments and short-term financial investments. It provides Non-banking financial services and investment consultancy services.

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