Syneos Health (FRA:8IN) Days Inventory : 0.00 (As of Jun. 2023)

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What is Syneos Health Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Syneos Health's Average Total Inventories for the three months ended in Jun. 2023 was €0 Mil. Syneos Health's Cost of Goods Sold for the three months ended in Jun. 2023 was €989 Mil. Hence, Syneos Health's Days Inventory for the three months ended in Jun. 2023 was 0.00.

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

FRA:8IN's Days Inventory is not ranked ^*
in the Medical Diagnostics & Research industry.
Industry Median: 65.4
* Ranked among companies with meaningful Days Inventory only.

Syneos Health's Days Inventory stayed the same from Jun. 2022 (0.00) to Jun. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Syneos Health's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.00.

Syneos Health Days Inventory Historical Data

The historical data trend for Syneos Health'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.

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Syneos Health Days Inventory Chart

Syneos Health Annual Data

Trend

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Days Inventory

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Syneos Health Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Syneos Health's Days Inventory

For the Diagnostics & Research subindustry, Syneos Health'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.

Syneos Health's Days Inventory Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Syneos Health's Days Inventory distribution charts can be found below:

* The bar in red indicates where Syneos Health's Days Inventory falls into.

Syneos Health Days Inventory Calculation

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

Syneos Health'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
=	( (0	+	0)	/	1 )	/	3907.042	*	365
=	0					/	3907.042	*	365
=	0.00

Syneos Health'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: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	988.868	*	365 / 4
=	0					/	988.868	*	365 / 4
=	0.00

Syneos Health (FRA:8IN) 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.

Syneos Health's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	988.868	/	0
	=

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.

Syneos Health's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1260.892
	=	0.00

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.

Syneos Health Days Inventory Related Terms

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Syneos Health (FRA:8IN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Syneos Health Inc (FRA:8IN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

1030 Sync Street, Morrisville, NC, USA, 27560-5468

Website

https://www.syneoshealth.com

Syneos is a global contract research and outsourced commercialization organization that provides services to pharmaceutical and biotechnology firms. Its clinical solutions segment offers early- to late-stage clinical trial support that ranges from specialized staffing models to strategic partnerships that oversee nearly all aspects of a drug program, while the company's commercialization solutions includes outsourced sales, consulting, public relations, and advertising services.

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