Synsam AB (OSTO:SYNSAM) Days Inventory : 188.58 (As of Dec. 2023)

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What is Synsam AB Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Synsam AB's Average Total Inventories for the three months ended in Dec. 2023 was kr713 Mil. Synsam AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr345 Mil. Hence, Synsam AB's Days Inventory for the three months ended in Dec. 2023 was 188.58.

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

OSTO:SYNSAM' s Days Inventory Range Over the Past 10 Years
Min: 125.59 Med: 138.97 Max: 171.73
Current: 171.73

During the past 6 years, Synsam AB's highest Days Inventory was 171.73. The lowest was 125.59. And the median was 138.97.

OSTO:SYNSAM's Days Inventory is ranked better than
56.43% of 778 companies
in the Medical Devices & Instruments industry
Industry Median: 191.615 vs OSTO:SYNSAM: 171.73

Synsam AB's Days Inventory increased from Dec. 2022 (170.49) to Dec. 2023 (188.58). It might indicate that Synsam AB's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Synsam AB's Inventory Turnover for the three months ended in Dec. 2023 was 0.48.

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. Synsam AB's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.46.

Synsam AB Days Inventory Historical Data

The historical data trend for Synsam AB'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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Synsam AB Days Inventory Chart

Synsam AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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125.59

138.05

139.89

149.54

164.46

Synsam AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											170.49	175.47	154.81	178.49	188.58

Competitive Comparison of Synsam AB's Days Inventory

For the Medical Instruments & Supplies subindustry, Synsam AB'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.

Synsam AB's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Synsam AB's Days Inventory distribution charts can be found below:

* The bar in red indicates where Synsam AB's Days Inventory falls into.

Synsam AB Days Inventory Calculation

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

Synsam AB'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
=	( (597	+	707)	/	2 )	/	1447	*	365
=	652					/	1447	*	365
=	164.46

Synsam AB's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (719	+	707)	/	2 )	/	345	*	365 / 4
=	713					/	345	*	365 / 4
=	188.58

Synsam AB (OSTO:SYNSAM) 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.

Synsam AB's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	345	/	713
	=	0.48

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.

Synsam AB's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	713	/	1557
	=	0.46

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.

Synsam AB Days Inventory Related Terms

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

Synsam AB (OSTO:SYNSAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Synsam AB (OSTO:SYNSAM) » Definitions » Days Inventory

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9FZ:Germany

Address

Sankt Eriksgatan 60, Stockholm, SWE, 112 34

Website

https://www.synsamgroup.com

Synsam AB is a lifestyle company in optics and eye health in the Nordic region. The company offers a wide and innovative range of products in physical and digital stores. It also offers several subscription services as well as the opportunity to virtually try out entire range of glasses on mobile.

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