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Syrma SGS Technology (BOM:543573) Days Inventory : 97.56 (As of Mar. 2024)


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What is Syrma SGS Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Syrma SGS Technology's Average Total Inventories for the three months ended in Mar. 2024 was ₹10,043 Mil. Syrma SGS Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹9,393 Mil. Hence, Syrma SGS Technology's Days Inventory for the three months ended in Mar. 2024 was 97.56.

The historical rank and industry rank for Syrma SGS Technology's Days Inventory or its related term are showing as below:

BOM:543573' s Days Inventory Range Over the Past 10 Years
Min: 92.47   Med: 104.1   Max: 117.75
Current: 112.92

During the past 5 years, Syrma SGS Technology's highest Days Inventory was 117.75. The lowest was 92.47. And the median was 104.10.

BOM:543573's Days Inventory is ranked worse than
55.5% of 2409 companies
in the Hardware industry
Industry Median: 101.78 vs BOM:543573: 112.92

Syrma SGS Technology's Days Inventory increased from Mar. 2023 (95.96) to Mar. 2024 (97.56). It might indicate that Syrma SGS Technology's sales slowed down.

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. Syrma SGS Technology's Inventory Turnover for the three months ended in Mar. 2024 was 0.94.

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. Syrma SGS Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.89.


Syrma SGS Technology Days Inventory Historical Data

The historical data trend for Syrma SGS Technology'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.

Syrma SGS Technology Days Inventory Chart

Syrma SGS Technology Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Days Inventory
92.47 96.78 117.75 104.10 115.87

Syrma SGS Technology Quarterly Data
Mar20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.96 114.38 121.57 122.55 97.56

Competitive Comparison of Syrma SGS Technology's Days Inventory

For the Electronic Components subindustry, Syrma SGS Technology'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.


Syrma SGS Technology's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syrma SGS Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Syrma SGS Technology's Days Inventory falls into.



Syrma SGS Technology Days Inventory Calculation

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

Syrma SGS Technology'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
=( (5874.37 + 10042.57) / 2 ) / 25069.39*365
=7958.47 / 25069.39*365
=115.87

Syrma SGS Technology's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0 + 10042.57) / 1 ) / 9392.88*365 / 4
=10042.57 / 9392.88*365 / 4
=97.56

* 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.


Syrma SGS Technology  (BOM:543573) 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.

Syrma SGS Technology's Inventory Turnover for the three months ended in Mar. 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.

Syrma SGS Technology's Inventory to Revenue for the three months ended in Mar. 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.


Syrma SGS Technology Days Inventory Related Terms

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


Syrma SGS Technology (BOM:543573) Business Description

Traded in Other Exchanges
Address
MEPZ-SEZ, Sanatorium, Plot B27, Phase II, Zone B, Tambaram, Chennai, TN, IND, 600 045
Syrma SGS Technology Ltd is a technology focussed engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.

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