Sinergon Holding AD (XBUL:SNRG) Inventory Turnover : 6.68 (As of Jun. 2024)

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What is Sinergon Holding AD 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. Sinergon Holding AD's Cost of Goods Sold for the six months ended in Jun. 2024 was лв408.8 Mil. Sinergon Holding AD's Average Total Inventories for the quarter that ended in Jun. 2024 was лв61.2 Mil. Sinergon Holding AD's Inventory Turnover for the quarter that ended in Jun. 2024 was 6.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinergon Holding AD's Days Inventory for the six months ended in Jun. 2024 was 27.33.

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. Sinergon Holding AD's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.15.

Sinergon Holding AD Inventory Turnover Historical Data

The historical data trend for Sinergon Holding AD'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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Sinergon Holding AD Inventory Turnover Chart

Sinergon Holding AD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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5.22

5.46

6.20

6.39

11.71

Sinergon Holding AD Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															4.17	7.02	8.54	6.90	6.68

Sinergon Holding AD Inventory Turnover Calculation

Sinergon Holding AD's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	539.665	/ (	(44.921	+	47.213)	/	2 )
=	539.665	/	46.067
=	11.71

Sinergon Holding AD's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	408.825	/ (	(57.001	+	65.46)	/	2 )
=	408.825	/	61.2305
=	6.68

Sinergon Holding AD (XBUL:SNRG) 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.

Sinergon Holding AD's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	61.2305	/	408.825	*	365 / 2
	=	27.33

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.

Sinergon Holding AD's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	61.2305	/	418.182
	=	0.15

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.

Sinergon Holding AD Inventory Turnover Related Terms

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Sinergon Holding AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sinergon Holding AD (XBUL:SNRG) » Definitions » Inventory Turnover

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Address

2 Solunska Street, Sofia, BGR, 1000

Website

http://www.synergon.bg

Sinergon Holding AD is engaged in acquisition, management, valuation and sales of stake, patents and bonds in Bulgaria and internationally. The company is also engaged in providing tourist services, hotel and restaurant services.