Jio Financial Services (BOM:543940) Days Inventory : 0.00 (As of Dec. 2023)

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What is Jio Financial Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jio Financial Services's Average Total Inventories for the three months ended in Dec. 2023 was ₹0 Mil. Jio Financial Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹339 Mil. Hence, Jio Financial Services's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Jio Financial Services's Days Inventory or its related term are showing as below:

During the past 9 years, Jio Financial Services's highest Days Inventory was 4341.73. The lowest was 4341.73. And the median was 4341.73.

BOM:543940's Days Inventory is not ranked ^*
in the Asset Management industry.
Industry Median: 76.77
* Ranked among companies with meaningful Days Inventory only.

Jio Financial Services's Days Inventory stayed the same from Mar. 2021 (0.00) to Dec. 2023 (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. Jio Financial Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Jio Financial Services Days Inventory Historical Data

The historical data trend for Jio Financial Services'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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Jio Financial Services Days Inventory Chart

Jio Financial Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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Jio Financial Services Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Jio Financial Services's Days Inventory

For the Asset Management subindustry, Jio Financial Services'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.

Jio Financial Services's Days Inventory Distribution in the Asset Management Industry

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

* The bar in red indicates where Jio Financial Services's Days Inventory falls into.

Jio Financial Services Days Inventory Calculation

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

Jio Financial Services'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
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Jio Financial Services'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
=	( (0	+	0)	/	1 )	/	338.7	*	365 / 4
=	0					/	338.7	*	365 / 4
=	0.00

Jio Financial Services (BOM:543940) 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.

Jio Financial Services's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	338.7	/	0
	=

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.

Jio Financial Services's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	3103.5
	=	0.00

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.

Jio Financial Services Days Inventory Related Terms

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

Jio Financial Services (BOM:543940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Jio Financial Services Ltd (BOM:543940) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

JIOFIN:India

Address

222 Nariman Point, 9th Floor, Maker Chambers 4, Mumbai, MH, IND, 400021

Website

https://www.jfs.in

Jio Financial Services Ltd operates as an investment company. The Company is a registered Non-Banking Financial Company - Systemically Important Non-Deposit taking Company. The company is engaged in the business of finance, trading in futures and options, trading/investments in shares and securities in India.

Jio Financial Services (BOM:543940) Headlines

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