SMLKF (Synlait Milk) Inventory Turnover: 2.19 (As of Jan. 2026)

What is Synlait Milk Inventory Turnover?

Synlait Milk SMLKF 31 Inventory Turnover is 2.19 as of Jan. 2026. GuruFocus rates SMLKF with a GF Score™ of 31/100 and a GF Value™ of $0.77. The stock has 4 warning signs investors should review.

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. Synlait Milk's Cost of Goods Sold for the six months ended in Jan. 2026 was $456 Mil. Synlait Milk's Average Total Inventories for the quarter that ended in Jan. 2026 was $208 Mil. Synlait Milk's Inventory Turnover for the quarter that ended in Jan. 2026 was 2.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Synlait Milk's Days Inventory for the six months ended in Jan. 2026 was 83.39.

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. Synlait Milk's Inventory-to-Revenue for the quarter that ended in Jan. 2026 was 0.46.

Synlait Milk (OTCPK:SMLKF) 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.

Synlait Milk's Days Inventory for the six months ended in Jan. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2026 )	/	Cost of Goods Sold (Q: Jan. 2026 )	*	Days in Period
	=	208.267	/	455.819	*	365 / 2
	=	83.39

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.

Synlait Milk's Inventory to Revenue for the quarter that ended in Jan. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2026 )	/	Revenue (Q: Jan. 2026 )
	=	208.267	/	454.992
	=	0.46

* 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

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.

Synlait Milk Inventory Turnover Related Terms

Synlait Milk Inventory Turnover Historical Data

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The historical data trend for Synlait Milk's Inventory Turnover can be seen below:

Synlait Milk Inventory Turnover Chart

Synlait Milk Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Jul25

Inventory Turnover

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4.78

5.45

4.82

6.55

6.99

Synlait Milk Semi-Annual Data
	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24	Jan25	Jul25	Jan26
Inventory Turnover	Get a 7-Day Free Trial															2.20	3.41	2.90	2.94	2.19

31GF Score

Synlait Milk Ltd SMLKF

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Synlait Milk Inventory Turnover Calculation

Synlait Milk's Inventory Turnover for the fiscal year that ended in Jul. 2025 is calculated as

	Inventory Turnover (A: Jul. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2025 )	/ (	(Total Inventories (A: Jul. 2024 )	+	Total Inventories (A: Jul. 2025 ))	/	count )
=	1031.801	/ (	(126.479	+	168.615)	/	2 )
=	1031.801	/	147.547
=	6.99

Synlait Milk's Inventory Turnover for the quarter that ended in Jan. 2026 is calculated as

	Inventory Turnover (Q: Jan. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2026 )	/ (	(Total Inventories (Q: Jul. 2025 )	+	Total Inventories (Q: Jan. 2026 ))	/	count )
=	455.819	/ (	(168.615	+	247.919)	/	2 )
=	455.819	/	208.267
=	2.19

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.19 mean?

Synlait Milk (SMLKF) has a Inventory Turnover of 2.19 as of Jan. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Synlait Milk and its competitors.

Is Synlait Milk's Inventory Turnover too high?

Synlait Milk's current Inventory Turnover is 2.19. Overall, Synlait Milk has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.

How does Synlait Milk's Inventory Turnover compare to KHC and GIS?

Synlait Milk's Inventory Turnover of 2.19 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Consumer Packaged Goods company?

A good Inventory Turnover depends on the Consumer Packaged Goods industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Synlait Milk and its competitors. Synlait Milk's current Inventory Turnover is 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Synlait Milk stock overvalued right now?

Synlait Milk (SMLKF) has a current Inventory Turnover of 2.19. The stock's GF Value™ is $0.77, compared to a current price of $0.97 — trading 26.1% above its estimated fair value. The current Inventory Turnover is 2.19. Synlait Milk's overall GF Score™ is 31/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Synlait Milk (SMLKF), the current Inventory Turnover is 2.19 as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Synlait Milk (SMLKF) Overvalued in 2026?

Based on GuruFocus' analysis, Synlait Milk stock appears to be overvalued. The current stock price of $0.97 is trading 26.1% above its estimated GF Value™ of $0.77.

Key valuation signals for SMLKF:

Inventory Turnover: 2.19
GF Value™: $0.77 vs. price of $0.97 (26.1% above fair value)
GF Score™: 31/100 with 4 warning signs

No single metric tells the full story. See the SMLKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Synlait Milk Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies NZSE:CVT NZSE:MEE NZSE:SCL XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 GIS SZSE:300999 LSE:ABF SGX:F34 DUB:KRZ HRL MEX:BIMBOA HKSE:00288 MKC

Other Exchanges SML:New Zealand SM1:Australia

Address 1028 Heslerton Road, RD13, Rakaia, STL, NZL, 7783

Website https://www.synlait.com

Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. Its segment are Synlait and Dairyworks, out of which it derives maximum revenue from Synlait segment.

31GF Score

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$0.97

Price

$0.77

GF Value

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