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Synchronoss Technologies (Synchronoss Technologies) Inventory Turnover : 0.00 (As of Dec. 2023)


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What is Synchronoss Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Synchronoss Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $-17.8 Mil. Synchronoss Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil.

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

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.


Synchronoss Technologies Inventory Turnover Historical Data

The historical data trend for Synchronoss Technologies's Inventory Turnover 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.

Synchronoss Technologies Inventory Turnover Chart

Synchronoss Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
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Synchronoss Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Synchronoss Technologies Inventory Turnover Calculation

Synchronoss Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=42.218 / ((0 + 0) / 1 )
=42.218 / 0
=N/A

Synchronoss Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=-17.842 / ((0 + 0) / 1 )
=-17.842 / 0
=N/A

* 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.


Synchronoss Technologies  (NAS:SNCR) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Synchronoss Technologies's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=0/-17.842*365 / 4
=

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.

Synchronoss Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=0 / -8.873
=

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Synchronoss Technologies Inventory Turnover Related Terms

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Synchronoss Technologies (Synchronoss Technologies) Business Description

Traded in Other Exchanges
Address
200 Crossing Boulevard, 3rd Floor, Bridgewater, NJ, USA, 08807
Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers. These solutions are delivered through the Activation Services, Synchronoss Personal Cloud, Enterprise, and Integrated Life platforms, which are scalable and available on-demand. The firm's solutions include activation and processing, cloud-based sync, backup, storage, and content engagement capabilities. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.
Executives
Laurie Harris director C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
B. Riley Financial, Inc. 10 percent owner 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Martin Francis Bernstein director C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Kristin S. Rinne director C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BLVD., BRIDGEWATER NJ 08807
Jeffrey George Miller officer: Chief Commercial Officer C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Lou Ferraro officer: EVP and CFO 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Christopher K. Hill officer: EVP & Chief Commercial Officer 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Patrick Joseph Doran officer: EVP & Chief Technology Officer 750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
Christina Gabrys officer: SVP and CLO 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Stephen G Waldis director, officer: President & C.E.O. 750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
Taylor C Greenwald officer: Chief Financial Officer C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BOULEVARD, 3RD FLOOR, BRIDGEWATER NJ 08807
David D Clark officer: Chief Financial Officer FORT WASHINGTON EXECUTIVE CENTER, 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
Brc Partners Opportunity Fund, Lp 10 percent owner 11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc 10 percent owner 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Brc Partners Management Gp, Llc 10 percent owner 11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025