Synoptics Technologies (NSE:SYNOPTICS) Inventory Turnover : 4.86 (As of Mar. 2024)

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What is Synoptics Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Synoptics Technologies's Cost of Goods Sold for the six months ended in Mar. 2024 was ₹251.2 Mil. Synoptics Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹51.6 Mil. Synoptics Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Synoptics Technologies's Days Inventory for the six months ended in Mar. 2024 was 37.52.

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. Synoptics Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Synoptics Technologies Inventory Turnover Historical Data

The historical data trend for Synoptics Technologies's Inventory Turnover 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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Synoptics Technologies Inventory Turnover Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

9.09

13.55

8.83

5.24

4.86

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Inventory Turnover	9.09	13.55	8.83	5.24	4.86

Synoptics Technologies Inventory Turnover Calculation

Synoptics Technologies's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	251.172	/ (	(51.473	+	51.809)	/	2 )
=	251.172	/	51.641
=	4.86

Synoptics Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	251.172	/ (	(51.473	+	51.809)	/	2 )
=	251.172	/	51.641
=	4.86

Synoptics Technologies (NSE:SYNOPTICS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Synoptics Technologies's Days Inventory for the six months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	51.641	/	251.172	*	365 / 2
	=	37.52

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.

Synoptics Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	51.641	/	432.432
	=	0.12

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Synoptics Technologies Inventory Turnover Related Terms

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Synoptics Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

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