Synthetica AD (XBUL:SYN) Inventory Turnover : 9.67 (As of Dec. 2022)

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What is Synthetica 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. Synthetica AD's Cost of Goods Sold for the three months ended in Dec. 2022 was лв20.95 Mil. Synthetica AD's Average Total Inventories for the quarter that ended in Dec. 2022 was лв2.17 Mil. Synthetica AD's Inventory Turnover for the quarter that ended in Dec. 2022 was 9.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Synthetica AD's Days Inventory for the three months ended in Dec. 2022 was 9.43.

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. Synthetica AD's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.09.

Synthetica AD Inventory Turnover Historical Data

The historical data trend for Synthetica 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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Synthetica AD Inventory Turnover Chart

Synthetica AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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14.66

3.93

2.09

5.96

17.65

Synthetica AD Quarterly Data
	Dec17	Mar18	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial															3.76	2.57	1.39	0.92	9.67

Synthetica AD Inventory Turnover Calculation

Synthetica AD's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	27.731	/ (	(1.223	+	1.92)	/	2 )
=	27.731	/	1.5715
=	17.65

Synthetica AD's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	20.947	/ (	(2.411	+	1.92)	/	2 )
=	20.947	/	2.1655
=	9.67

Synthetica AD (XBUL:SYN) 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.

Synthetica AD's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	2.1655	/	20.947	*	365 / 4
	=	9.43

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.

Synthetica AD's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	2.1655	/	23.68
	=	0.09

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.

Synthetica AD Inventory Turnover Related Terms

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Synthetica AD (XBUL:SYN) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Synthetica AD (XBUL:SYN) » Definitions » Inventory Turnover

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Address

N. Vaptzarov No 47, Sofia, BGR, 1407

Website

http://www.synthetica.bg

Synthetica AD is a holding company. It operates in various sectors such as property management in the hospitality and tourism, production and marketing of flexible packaging, biaxially oriented polypropylene film and manufacture of hemodialysis products.

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