Zaggle Prepaid Ocean Services (BOM:543985) Days Inventory : 0.06 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Zaggle Prepaid Ocean Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zaggle Prepaid Ocean Services's Average Total Inventories for the three months ended in Dec. 2023 was ₹1 Mil. Zaggle Prepaid Ocean Services's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹1,082 Mil. Hence, Zaggle Prepaid Ocean Services's Days Inventory for the three months ended in Dec. 2023 was 0.06.

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

BOM:543985' s Days Inventory Range Over the Past 10 Years
Min: 0.12 Med: 0.71 Max: 1.71
Current: 0.13

During the past 4 years, Zaggle Prepaid Ocean Services's highest Days Inventory was 1.71. The lowest was 0.12. And the median was 0.71.

BOM:543985's Days Inventory is ranked better than
97.24% of 1559 companies
in the Software industry
Industry Median: 19.53 vs BOM:543985: 0.13

Zaggle Prepaid Ocean Services's Days Inventory declined from Jun. 2022 (0.35) to Dec. 2023 (0.06).

Inventory Turnover measures how fast the company turns over its inventory within a year. Zaggle Prepaid Ocean Services's Inventory Turnover for the three months ended in Dec. 2023 was 1,546.33.

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. Zaggle Prepaid Ocean Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Zaggle Prepaid Ocean Services Days Inventory Historical Data

The historical data trend for Zaggle Prepaid Ocean 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.

* Premium members only.

Zaggle Prepaid Ocean Services Days Inventory Chart

Zaggle Prepaid Ocean Services Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Inventory

0.93

1.71

0.48

0.12

Zaggle Prepaid Ocean Services Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial			0.35	0.17	-	0.06	0.06

Competitive Comparison of Zaggle Prepaid Ocean Services's Days Inventory

For the Software - Infrastructure subindustry, Zaggle Prepaid Ocean 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.

Zaggle Prepaid Ocean Services's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Zaggle Prepaid Ocean Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zaggle Prepaid Ocean Services's Days Inventory falls into.

Zaggle Prepaid Ocean Services Days Inventory Calculation

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

Zaggle Prepaid Ocean 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
=	( (1.12	+	0.97)	/	2 )	/	3206.23	*	365
=	1.045					/	3206.23	*	365
=	0.12

Zaggle Prepaid Ocean 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
=	( (0.7	+	0)	/	1 )	/	1082.43	*	365 / 4
=	0.7					/	1082.43	*	365 / 4
=	0.06

Zaggle Prepaid Ocean Services (BOM:543985) 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.

Zaggle Prepaid Ocean Services's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1082.43	/	0.7
	=	1,546.33

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.

Zaggle Prepaid Ocean Services's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.7	/	1995.06
	=	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.

Zaggle Prepaid Ocean Services Days Inventory Related Terms

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

Zaggle Prepaid Ocean Services (BOM:543985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zaggle Prepaid Ocean Services Ltd (BOM:543985) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ZAGGLE:India

Address

Yadav Nagar, Boomerang Building, Ground Floor, B-1004, Chandivali, Powai, Mumbai, MH, IND, 400072

Website

https://www.zaggle.in

Zaggle Prepaid Ocean Services Ltd is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in a segment where it interacts and interfaces with its Customers and end Users and is among a small number of uniquely positioned players with a diversified offering of financial technology (fintech) products and services, having one of the largest number of issued prepaid cards in India in partnership with certain of its banking partners. It has a diversified portfolio of software as a service (SaaS), including tax and payroll software, and a wide touchpoint reach.

Zaggle Prepaid Ocean Services (BOM:543985) Headlines

No Headlines