Sinon (TPE:1712) Days Inventory : 75.37 (As of Sep. 2024)

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What is Sinon Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sinon's Average Total Inventories for the three months ended in Sep. 2024 was NT$2,674 Mil. Sinon's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$3,238 Mil. Hence, Sinon's Days Inventory for the three months ended in Sep. 2024 was 75.37.

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

TPE:1712' s Days Inventory Range Over the Past 10 Years
Min: 73.25 Med: 82.93 Max: 109.41
Current: 74.45

During the past 13 years, Sinon's highest Days Inventory was 109.41. The lowest was 73.25. And the median was 82.93.

TPE:1712's Days Inventory is ranked better than
67.65% of 238 companies
in the Agriculture industry
Industry Median: 110.8 vs TPE:1712: 74.45

Sinon's Days Inventory increased from Sep. 2023 (73.19) to Sep. 2024 (75.37). It might indicate that Sinon's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinon's Inventory Turnover for the three months ended in Sep. 2024 was 1.21.

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. Sinon's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.57.

Sinon Days Inventory Historical Data

The historical data trend for Sinon'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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Sinon Days Inventory Chart

Sinon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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83.37

79.15

82.08

73.25

82.48

Sinon Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															73.19	80.49	70.59	69.25	75.37

Competitive Comparison of Sinon's Days Inventory

For the Agricultural Inputs subindustry, Sinon'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.

Sinon's Days Inventory Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinon's Days Inventory distribution charts can be found below:

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

Sinon Days Inventory Calculation

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

Sinon'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
=	( (3383.091	+	2905.14)	/	2 )	/	13913.264	*	365
=	3144.1155					/	13913.264	*	365
=	82.48

Sinon'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
=	( (2562.752	+	2786.072)	/	2 )	/	3238.012	*	365 / 4
=	2674.412					/	3238.012	*	365 / 4
=	75.37

Sinon (TPE:1712) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3238.012	/	2674.412
	=	1.21

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2674.412	/	4662.753
	=	0.57

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.

Sinon Days Inventory Related Terms

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

Sinon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sinon Corp (TPE:1712) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245

Website

https://www.sinon.com.tw

Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. It generates revenue through Crop protection which includes manufacturing activity of chemicals and fertilizer and Supermarket which includes supermarket and general retail industry. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.

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