Optimus Finance (BOM:531254) Days Inventory : 29.75 (As of Dec. 2023)

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What is Optimus Finance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Optimus Finance's Average Total Inventories for the three months ended in Dec. 2023 was ₹68.7 Mil. Optimus Finance's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹210.8 Mil. Hence, Optimus Finance's Days Inventory for the three months ended in Dec. 2023 was 29.75.

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

BOM:531254' s Days Inventory Range Over the Past 10 Years
Min: 5.99 Med: 48.8 Max: 215.74
Current: 32.44

During the past 13 years, Optimus Finance's highest Days Inventory was 215.74. The lowest was 5.99. And the median was 48.80.

BOM:531254's Days Inventory is ranked better than
89.75% of 1493 companies
in the Chemicals industry
Industry Median: 82.59 vs BOM:531254: 32.44

Optimus Finance's Days Inventory declined from Dec. 2022 (33.17) to Dec. 2023 (29.75).

Inventory Turnover measures how fast the company turns over its inventory within a year. Optimus Finance's Inventory Turnover for the three months ended in Dec. 2023 was 3.07.

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. Optimus Finance's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.26.

Optimus Finance Days Inventory Historical Data

The historical data trend for Optimus Finance'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.

Optimus Finance Days Inventory Chart

Optimus Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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5.99

45.77

51.82

32.68

23.75

Optimus Finance 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															33.17	30.96	33.92	29.30	29.75

Competitive Comparison of Optimus Finance's Days Inventory

For the Chemicals subindustry, Optimus Finance'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.

Optimus Finance's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Optimus Finance's Days Inventory distribution charts can be found below:

* The bar in red indicates where Optimus Finance's Days Inventory falls into.

Optimus Finance Days Inventory Calculation

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

Optimus Finance'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
=	( (45.59	+	67.702)	/	2 )	/	870.713	*	365
=	56.646					/	870.713	*	365
=	23.75

Optimus Finance'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
=	( (68.74	+	0)	/	1 )	/	210.835	*	365 / 4
=	68.74					/	210.835	*	365 / 4
=	29.75

Optimus Finance (BOM:531254) 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.

Optimus Finance's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	210.835	/	68.74
	=	3.07

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.

Optimus Finance's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.74	/	260.033
	=	0.26

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.

Optimus Finance Days Inventory Related Terms

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

Optimus Finance (BOM:531254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Optimus Finance Ltd (BOM:531254) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Dr. Vikram Sarabhai Marg, 504 A, Ozone, Vadi-Wadi, Vadodara, GJ, IND, 390003

Website

https://www.optimusfinance.in

Optimus Finance Ltd is engaged in non-banking finance activity consisting of investment in shares and securities and other investment and financing activities. It is engaged in the business of loan and investment; importing and exporting lubricant oils, different types of base oils, and other chemical products used mainly in the automobile industry, power industry, and metal manufacturing among others. It operates through two business segments: Financing and Investing activity and Trading in Chemicals. It generates a majority of its revenues through trading in chemicals outside India.

Optimus Finance (BOM:531254) Headlines

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