Symphony Environmental Technologies (Symphony Environmental Technologies) Days Inventory : 92.51 (As of Jun. 2023)

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What is Symphony Environmental Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Symphony Environmental Technologies's Average Total Inventories for the six months ended in Jun. 2023 was $1.33 Mil. Symphony Environmental Technologies's Cost of Goods Sold for the six months ended in Jun. 2023 was $2.62 Mil. Hence, Symphony Environmental Technologies's Days Inventory for the six months ended in Jun. 2023 was 92.51.

The historical rank and industry rank for Symphony Environmental Technologies's Days Inventory or its related term are showing as below:

SETPY' s Days Inventory Range Over the Past 10 Years
Min: 42.16 Med: 60.04 Max: 117.35
Current: 106.93

During the past 13 years, Symphony Environmental Technologies's highest Days Inventory was 117.35. The lowest was 42.16. And the median was 60.04.

SETPY's Days Inventory is ranked worse than
69.04% of 365 companies
in the Packaging & Containers industry
Industry Median: 78.08 vs SETPY: 106.93

Symphony Environmental Technologies's Days Inventory declined from Jun. 2022 (137.23) to Jun. 2023 (92.51).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Symphony Environmental Technologies's Inventory Turnover for the six months ended in Jun. 2023 was 1.97.

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. Symphony Environmental Technologies's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.29.

Symphony Environmental Technologies Days Inventory Historical Data

The historical data trend for Symphony Environmental Technologies'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.

Symphony Environmental Technologies Days Inventory Chart

Symphony Environmental Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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47.76

60.86

61.95

78.25

123.02

Symphony Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															69.70	90.70	137.23	120.18	92.51

Competitive Comparison of Symphony Environmental Technologies's Days Inventory

For the Packaging & Containers subindustry, Symphony Environmental Technologies'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.

Symphony Environmental Technologies's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Symphony Environmental Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Symphony Environmental Technologies's Days Inventory falls into.

Symphony Environmental Technologies Days Inventory Calculation

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

Symphony Environmental Technologies's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.75	+	1.431)	/	2 )	/	4.719	*	365
=	1.5905					/	4.719	*	365
=	123.02

Symphony Environmental Technologies's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.431	+	1.22)	/	2 )	/	2.615	*	365 / 2
=	1.3255					/	2.615	*	365 / 2
=	92.51

Symphony Environmental Technologies (OTCPK:SETPY) 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.

Symphony Environmental Technologies's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2.615	/	1.3255
	=	1.97

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.

Symphony Environmental Technologies's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.3255	/	4.513
	=	0.29

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.

Symphony Environmental Technologies Days Inventory Related Terms

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

Symphony Environmental Technologies (Symphony Environmental Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Symphony Environmental Technologies PLC (OTCPK:SETPY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SYM:UK XP7:Germany

Address

6 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, GBR, WD6 1JD

Website

https://www.symphonyenvironmental.com

Symphony Environmental Technologies PLC develops and markets environmental plastic products. It has developed a protective plastic technology under the d2p (designed to protect) brand, which offers extra protection from bacteria, insects, fungi, algae, odor, fouling, and fire. Its products include d2w a masterbatch system that turns ordinary plastic into a material with a different molecular structure, d2Detector is a portable XRF that determines whether a plastic product contains d2w, d2p offers extra protection to plastic product, and d2t offers a tracer system to determine the authenticity of plastic packaging and other plastic products. Its geographic areas are the United Kingdom, Europe, the Americas, the Middle East and Asia, and Africa.

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