Days Inventory is also known as Days Sales of Inventory (DSI). Synbio Tech's Average Total Inventories for the
six
months ended in Dec. 2023 was NT$156.9 Mil. Synbio Tech's Cost of Goods Sold for the
six
months ended in Dec. 2023 was NT$216.2 Mil.
Hence, Synbio Tech's Days Inventory for the
six
months ended in Dec. 2023 was 132.48.
The historical rank and industry rank for Synbio Tech's Days Inventory or its related term are showing as below:
ROCO:1295'
s Days Inventory Range Over the Past 10 Years
Min: 128.57 Med: 138.54 Max: 150.23
Current: 141.28
During the past 4 years, Synbio Tech's highest Days Inventory was 150.23. The lowest was 128.57. And the median was 138.54.
ROCO:1295's Days Inventory is ranked better than 63.29% of 651
companies
in the Biotechnology industry
Industry Median: 194.42
vs ROCO:1295: 141.28
Synbio Tech's Days Inventory
declined
from Dec. 2022 (142.82) to Dec. 2023 (132.48).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Synbio Tech's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.38.
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.
Synbio Tech's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.36.
Synbio Tech Days Inventory Historical Data
The historical data trend for Synbio Tech'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.
Competitive Comparison of Synbio Tech's Days Inventory
For the Biotechnology subindustry, Synbio Tech'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.
Synbio Tech's Days Inventory Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Synbio Tech's Days Inventory distribution charts can be found below:
* The bar in red indicates where Synbio Tech's Days Inventory falls into.
Synbio Tech Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Synbio Tech's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Synbio Tech (ROCO:1295) 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.
Synbio Tech's Inventory Turnover for the
six
months ended in Dec. 2023 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.
Synbio Tech's Inventory to Revenue for the
six
months ended in Dec. 2023 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.
Synbio Tech Days Inventory Related Terms
Thank you for viewing the detailed overview of Synbio Tech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Synbio Tech Inc is a company specializing in the research, manufacturing and application development of lactic acid bacteria. They provide lactic acid bacteria screening, functional research and verification, and the introduction of advanced processes to produce safe and stable high-quality bacterial powder, OEM, ODM customized finished products , share application development technology, provide excellent service quality, and gain recognition from customers, allowing Shenghe to grow steadily.
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