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Synergy Green Industries (BOM:541929) Days Inventory : 169.40 (As of Sep. 2024)


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What is Synergy Green Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Synergy Green Industries's Average Total Inventories for the three months ended in Sep. 2024 was ₹644 Mil. Synergy Green Industries's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹347 Mil. Hence, Synergy Green Industries's Days Inventory for the three months ended in Sep. 2024 was 169.40.

The historical rank and industry rank for Synergy Green Industries's Days Inventory or its related term are showing as below:

BOM:541929' s Days Inventory Range Over the Past 10 Years
Min: 90.24   Med: 128.1   Max: 197.99
Current: 91.66

During the past 11 years, Synergy Green Industries's highest Days Inventory was 197.99. The lowest was 90.24. And the median was 128.10.

BOM:541929's Days Inventory is ranked better than
66.29% of 2904 companies
in the Industrial Products industry
Industry Median: 121.88 vs BOM:541929: 91.66

Synergy Green Industries's Days Inventory declined from Sep. 2023 (242.68) to Sep. 2024 (169.40).

Inventory Turnover measures how fast the company turns over its inventory within a year. Synergy Green Industries's Inventory Turnover for the three months ended in Sep. 2024 was 0.54.

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. Synergy Green Industries's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.72.


Synergy Green Industries Days Inventory Historical Data

The historical data trend for Synergy Green Industries'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.

Synergy Green Industries Days Inventory Chart

Synergy Green Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 111.78 127.55 93.70 101.88 90.24

Synergy Green Industries Quarterly Data
Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 242.68 140.00 37.49 164.30 169.40

Competitive Comparison of Synergy Green Industries's Days Inventory

For the Metal Fabrication subindustry, Synergy Green Industries'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.


Synergy Green Industries's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Synergy Green Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Synergy Green Industries's Days Inventory falls into.



Synergy Green Industries Days Inventory Calculation

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

Synergy Green Industries's Days Inventory for the fiscal year that ended in Mar. 2024 is calculated as

Days Inventory (A: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (631.256 + 559.704) / 2 ) / 2408.694*365
=595.48 / 2408.694*365
=90.24

Synergy Green Industries's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (0 + 644.452) / 1 ) / 347.152*365 / 4
=644.452 / 347.152*365 / 4
=169.40

* 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.


Synergy Green Industries  (BOM:541929) 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.

Synergy Green Industries's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

Synergy Green Industries's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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

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.


Synergy Green Industries Days Inventory Related Terms

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


Synergy Green Industries Business Description

Traded in Other Exchanges
Address
392, E Ward, Assembly Road, Shahupuri Post Box No. 201, Kolhapur, MH, IND, 416001
Synergy Green Industries Ltd is engaged in the business of foundry which is manufacturing of wind turbine casting and other large precision castings. The Company operates in a single operating segment of manufacturing of castings. The company generates maximum revenue from the sale of Windmill Castings. Products offered by the company include gearbox housing, hub, front wheel, main foundation, base frame, main axle, hollow shaft, DV- casing, diffuser, rear wheel, wedge, cannon tube, and others.

Synergy Green Industries Headlines

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