Sarine Technologies (SGX:U77) Days Inventory : 242.55 (As of Dec. 2023)

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What is Sarine Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sarine Technologies's Average Total Inventories for the six months ended in Dec. 2023 was S$14.34 Mil. Sarine Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was S$10.79 Mil. Hence, Sarine Technologies's Days Inventory for the six months ended in Dec. 2023 was 242.55.

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

SGX:U77' s Days Inventory Range Over the Past 10 Years
Min: 105.41 Med: 152.45 Max: 224.34
Current: 221.49

During the past 13 years, Sarine Technologies's highest Days Inventory was 224.34. The lowest was 105.41. And the median was 152.45.

SGX:U77's Days Inventory is ranked worse than
83.69% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs SGX:U77: 221.49

Sarine Technologies's Days Inventory increased from Dec. 2022 (140.06) to Dec. 2023 (242.55). It might indicate that Sarine Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sarine Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 0.75.

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. Sarine Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.56.

Sarine Technologies Days Inventory Historical Data

The historical data trend for Sarine 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.

Sarine Technologies Days Inventory Chart

Sarine Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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105.41

154.92

149.97

142.88

204.85

Sarine Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															175.43	145.87	140.06	217.21	242.55

Competitive Comparison of Sarine Technologies's Days Inventory

For the Scientific & Technical Instruments subindustry, Sarine 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.

Sarine Technologies's Days Inventory Distribution in the Hardware Industry

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

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

Sarine Technologies Days Inventory Calculation

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

Sarine Technologies'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
=	( (9.272	+	14.014)	/	2 )	/	20.745	*	365
=	11.643					/	20.745	*	365
=	204.85

Sarine Technologies'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (14.672	+	14.014)	/	2 )	/	10.792	*	365 / 2
=	14.343					/	10.792	*	365 / 2
=	242.55

Sarine Technologies (SGX:U77) 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.

Sarine Technologies's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	10.792	/	14.343
	=	0.75

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.

Sarine Technologies's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	14.343	/	25.594
	=	0.56

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.

Sarine Technologies Days Inventory Related Terms

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

Sarine Technologies (SGX:U77) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sarine Technologies Ltd (SGX:U77) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SARN:Israel

Address

4 Haharash Street, Hod Hasharon, ISR, 4524075

Website

http://www.sarine.com

Sarine Technologies Ltd is a company engaged in the development and manufacturing of advanced evaluation, planning, processing, and finishing systems for diamond and gemstone production. The company's products provide solutions for every stage of the rough diamond manufacturing process from geometrical modelling and internal inclusion mapping of the rough stone, through determining the derivable polished gems, based on true dollar value. Sarine has operations in India, Africa, Europe, North America, Israel, the other countries, out of which the majority of the revenue is generated from India.

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