Vedant Asset (BOM:543623) Days Inventory : 60.59 (As of Sep. 2023)

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What is Vedant Asset Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vedant Asset's Average Total Inventories for the six months ended in Sep. 2023 was ₹1.71 Mil. Vedant Asset's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹5.14 Mil. Hence, Vedant Asset's Days Inventory for the six months ended in Sep. 2023 was 60.59.

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

BOM:543623' s Days Inventory Range Over the Past 10 Years
Min: 24.5 Med: 67.9 Max: 104.18
Current: 24.5

During the past 4 years, Vedant Asset's highest Days Inventory was 104.18. The lowest was 24.50. And the median was 67.90.

BOM:543623's Days Inventory is ranked better than
74.25% of 167 companies
in the Asset Management industry
Industry Median: 76.77 vs BOM:543623: 24.50

Vedant Asset's Days Inventory declined from Sep. 2022 (193.72) to Sep. 2023 (60.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vedant Asset's Inventory Turnover for the six months ended in Sep. 2023 was 3.01.

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. Vedant Asset's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.12.

Vedant Asset Days Inventory Historical Data

The historical data trend for Vedant Asset'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.

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Vedant Asset Days Inventory Chart

Vedant Asset Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

104.18

31.62

Vedant Asset Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	-	193.72	15.76	60.59

Competitive Comparison of Vedant Asset's Days Inventory

For the Asset Management subindustry, Vedant Asset'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.

Vedant Asset's Days Inventory Distribution in the Asset Management Industry

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

* The bar in red indicates where Vedant Asset's Days Inventory falls into.

Vedant Asset Days Inventory Calculation

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

Vedant Asset'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
=	( (2.107	+	1.752)	/	2 )	/	22.273	*	365
=	1.9295					/	22.273	*	365
=	31.62

Vedant Asset's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.752	+	1.661)	/	2 )	/	5.14	*	365 / 2
=	1.7065					/	5.14	*	365 / 2
=	60.59

Vedant Asset (BOM:543623) 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.

Vedant Asset's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5.14	/	1.7065
	=	3.01

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.

Vedant Asset's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.7065	/	14.679
	=	0.12

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.

Vedant Asset Days Inventory Related Terms

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

Vedant Asset (BOM:543623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Vedant Asset Ltd (BOM:543623) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 rd Floor, Gayways House, Pee Pee Compound, Ranchi, JH, IND, 834001

Website

https://www.vedantasset.com

Vedant Asset Ltd is engaged in a Financial Investment Super Market for private and rural investors. The core business is to earn revenue from brokerage and commission by managing funds of investors with various mutual fund houses and providing Banking Correspondence Services in association with various banks.

Vedant Asset (BOM:543623) Headlines

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