Days Inventory is also known as Days Sales of Inventory (DSI). Silynxcom's Average Total Inventories for the
six
months ended in Dec. 2023 was $2.57 Mil. Silynxcom's Cost of Goods Sold for the
six
months ended in Dec. 2023 was $2.56 Mil.
Hence, Silynxcom's Days Inventory for the
six
months ended in Dec. 2023 was 183.21.
The historical rank and industry rank for Silynxcom's Days Inventory or its related term are showing as below:
SYNX'
s Days Inventory Range Over the Past 10 Years
Min: 99.96 Med: 157.74 Max: 206.57
Current: 206.57
During the past 3 years, Silynxcom's highest Days Inventory was 206.57. The lowest was 99.96. And the median was 157.74.
SYNX's Days Inventory is ranked worse than 81.4% of 2409
companies
in the Hardware industry
Industry Median: 101.78
vs SYNX: 206.57
Silynxcom's Days Inventory
increased
from Dec. 2022 (126.21) to Dec. 2023 (183.21).
It might indicate that Silynxcom'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.
Silynxcom's Inventory Turnover for the
six
months ended in Dec. 2023 was 1.00.
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.
Silynxcom's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.57.
Silynxcom Days Inventory Historical Data
The historical data trend for Silynxcom'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.
Silynxcom Days Inventory Chart
Silynxcom Annual Data
Trend
Dec21
Dec22
Dec23
Days Inventory
99.96
157.74
200.94
Silynxcom Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
Dec23
Days Inventory
-
241.90
126.21
244.66
183.21
Competitive Comparison of Silynxcom's Days Inventory
For the Communication Equipment subindustry, Silynxcom'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.
Silynxcom's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Silynxcom's Days Inventory distribution charts can be found below:
* The bar in red indicates where Silynxcom's Days Inventory falls into.
Silynxcom Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Silynxcom'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.
Silynxcom (AMEX:SYNX) 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.
Silynxcom'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.
Silynxcom'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.
Silynxcom Days Inventory Related Terms
Thank you for viewing the detailed overview of Silynxcom's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Silynxcom Ltd is engaged in developing, manufacturing, marketing and selling ruggedized Personal Headset Devices as well as other communications accessories, all of which have been battlefield-tested and combat-proven. It specializes in developing the In-Ear Headset device, a subsegment of the Personal Headset Device market. The In-Ear Headset device is used in both in training and operations by the military, law enforcement, and disaster recovery industry professionals. It also develops, market and sell push-to-talk devices, communication controllers, and communication device cables and connectors.
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