OPTX (Syntec Optics Holdings) Days Inventory : 113.93 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Syntec Optics Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Syntec Optics Holdings's Average Total Inventories for the three months ended in Sep. 2024 was $7.53 Mil. Syntec Optics Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $6.03 Mil. Hence, Syntec Optics Holdings's Days Inventory for the three months ended in Sep. 2024 was 113.93.

The historical rank and industry rank for Syntec Optics Holdings's Days Inventory or its related term are showing as below:

OPTX' s Days Inventory Range Over the Past 10 Years
Min: 68.82 Med: 80.23 Max: 110.08
Current: 110.08

During the past 3 years, Syntec Optics Holdings's highest Days Inventory was 110.08. The lowest was 68.82. And the median was 80.23.

OPTX's Days Inventory is ranked worse than
55.79% of 2400 companies
in the Hardware industry
Industry Median: 99.695 vs OPTX: 110.08

Syntec Optics Holdings's Days Inventory increased from Sep. 2023 (87.80) to Sep. 2024 (113.93). It might indicate that Syntec Optics Holdings'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. Syntec Optics Holdings's Inventory Turnover for the three months ended in Sep. 2024 was 0.80.

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. Syntec Optics Holdings's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.96.

Syntec Optics Holdings Days Inventory Historical Data

The historical data trend for Syntec Optics Holdings'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.

Syntec Optics Holdings Days Inventory Chart

Syntec Optics Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

83.15

68.82

80.23

Syntec Optics Holdings Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial					87.80	84.84	101.20	131.96	113.93

Competitive Comparison of Syntec Optics Holdings's Days Inventory

For the Electronic Components subindustry, Syntec Optics Holdings'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.

Syntec Optics Holdings's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syntec Optics Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Syntec Optics Holdings's Days Inventory falls into.

Syntec Optics Holdings Days Inventory Calculation

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

Syntec Optics Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3.626	+	5.834)	/	2 )	/	21.52	*	365
=	4.73					/	21.52	*	365
=	80.23

Syntec Optics Holdings'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
=	( (7.501	+	7.561)	/	2 )	/	6.032	*	365 / 4
=	7.531					/	6.032	*	365 / 4
=	113.93

Syntec Optics Holdings (NAS:OPTX) 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.

Syntec Optics Holdings's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.032	/	7.531
	=	0.80

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.

Syntec Optics Holdings's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.531	/	7.866
	=	0.96

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.

Syntec Optics Holdings Days Inventory Related Terms

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

Syntec Optics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syntec Optics Holdings Inc (NAS:OPTX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

515 Lee Road, Rochester, NY, USA, 14606

Website

https://www.syntecoptics.com

Syntec Optics Holdings Inc is vertically integrated from design and component manufacturing for lens system assembly to imaging module integration for system solutions. Making its tools, molding, and nano machining allows close interaction and recut ability, enabling special techniques to hold tolerances to sub-micron levels. It has steadily developed a variety of other complementary manufacturing techniques to provide a wide suite of horizontal capabilities including thin film deposition coatings, glass molding, polymer molding, tool-making, mechanical manufacturing, and nano machining.

Executives

Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Albert Manzone	director	C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000
Walter A. Bishop	director	813 REGENT DRIVE, WESTBURY NY 11590
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
James M. Jenkins	director	1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Kent R Weldon	director	C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Brian F. Hughes	director	124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Mark D Norman	director	C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141
Skylar Jacobs	officer: Chief Operating Officer	1 IRVING TERRACE, CAMBRIDGE MA 02138
Nelson Robert O Ii	officer: CFO and Secretary	29 HIDDEN ROAD, WESTON MA 02493
Alok Kapoor	director, 10 percent owner, officer: Chairman and CEO	157 BEAVER, WESTON MA 02493