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Synoptics Technologies (NSE:SYNOPTICS) Days Inventory : 64.46 (As of Mar. 2022)


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What is Synoptics Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Synoptics Technologies's Average Total Inventories for the six months ended in Mar. 2022 was ₹39.7 Mil. Synoptics Technologies's Cost of Goods Sold for the six months ended in Mar. 2022 was ₹224.7 Mil. Hence, Synoptics Technologies's Days Inventory for the six months ended in Mar. 2022 was 32.23.

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

NSE:SYNOPTICS's Days Inventory is not ranked *
in the Software industry.
Industry Median: 18.99
* Ranked among companies with meaningful Days Inventory only.

Synoptics Technologies's Days Inventory declined from Mar. 2020 (70.52) to Mar. 2022 (64.46).

Inventory Turnover measures how fast the company turns over its inventory within a year. Synoptics Technologies's Inventory Turnover for the six months ended in Mar. 2022 was 5.66.

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. Synoptics Technologies's Inventory-to-Revenue for the six months ended in Mar. 2022 was 0.08.

Synoptics Technologies Days Inventory Historical Data

The historical data trend for Synoptics 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.

Synoptics Technologies Days Inventory Chart

Synoptics Technologies Annual Data
Trend Mar20 Mar21 Mar22
Days Inventory
70.52 37.12 64.46

Synoptics Technologies Semi-Annual Data
Mar20 Mar21 Mar22
Days Inventory 70.52 37.12 64.46

Competitive Comparison of Synoptics Technologies's Days Inventory

For the Information Technology Services subindustry, Synoptics 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.

Synoptics Technologies's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Synoptics Technologies's Days Inventory distribution charts can be found below:

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


Synoptics Technologies Days Inventory Calculation

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

Synoptics Technologies's Days Inventory for the fiscal year that ended in Mar. 2022 is calculated as

Days Inventory (A: Mar. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2021 ) + Total Inventories (A: Mar. 2022 )) / count ) / Cost of Goods Sold (A: Mar. 2022 )*Days in Period
=( (20.929 + 58.43) / 2 ) / 224.668*365
=39.6795 / 224.668*365
=64.46

Synoptics Technologies's Days Inventory for the quarter that ended in Mar. 2022 is calculated as:

Days Inventory (Q: Mar. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2021 ) + Total Inventories (Q: Mar. 2022 )) / count ) / Cost of Goods Sold (Q: Mar. 2022 )*Days in Period
=( (20.929 + 58.43) / 2 ) / 224.668*365 / 2
=39.6795 / 224.668*365 / 2
=32.23

* 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.

Synoptics Technologies  (NSE:SYNOPTICS) 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.

Synoptics Technologies's Inventory Turnover for the six months ended in Mar. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=224.668 / 39.6795
=5.66

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.

Synoptics Technologies's Inventory to Revenue for the six months ended in Mar. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=39.6795 / 509.232
=0.08

* 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.

Synoptics Technologies Days Inventory Related Terms

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

Synoptics Technologies (NSE:SYNOPTICS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Days Inventory
Comparable Companies
BOM:533056 BOM:542367 BOM:517494 NSE:VERTEXPLUS NSE:QUICKTOUCH BOM:543281 BOM:532801 NSE:AAATECH NSE:RSSOFTWARE BOM:512149 ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH CTSH XPAR:CAP FIS CDW
Traded in Other Exchanges
N/A
Address
301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064
Website
https://synoptics.co.in
Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

Synoptics Technologies (NSE:SYNOPTICS) Headlines

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