Synergia Energy (ASX:SYN) Total Inventories : A$0.07 Mil (As of Dec. 2023)

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What is Synergia Energy Total Inventories?

Synergia Energy's total inventories for the quarter that ended in Dec. 2023 was A$0.07 Mil. Synergia Energy's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was A$0.09 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Synergia Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Synergia Energy's Days Inventory for the six months ended in Dec. 2023 was 22.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. Synergia Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 8.01.

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. Synergia Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

Synergia Energy Total Inventories Historical Data

The historical data trend for Synergia Energy's Total Inventories 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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Synergia Energy Total Inventories Chart

Synergia Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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1.14

0.15

0.10

0.39

0.11

Synergia Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															0.10	0.39	0.10	0.11	0.07

Synergia Energy Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Synergia Energy (ASX:SYN) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Synergia Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.789	+	0.75 * 0	+	0.5 * 0.071	-	8.255
-	0	-	0)	/	8417.79
=	-0.00

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

Synergia Energy's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0.0925	/	0.741	*	365 / 2
	=	22.78

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Synergia Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	0.741	/	0.0925
	=	8.01

4. 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.

Synergia Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0.0925	/	0.353
	=	0.26

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Synergia Energy Total Inventories Related Terms

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Synergia Energy (ASX:SYN) Business Description

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Address

44 Saint Georges Terrace, Level 24, Saint Martins Tower, Perth, WA, AUS, 6000

Website

https://www.synergiaenergy.com

Synergia Energy Ltd is focused on responsible gas production. It identifies natural gas assets with development potential and develops gas production from gas fields or exploration assets in gas-producing basins. The company is also focused on carbon-neutral gas production and aims to become a contributor to CO2 emission reduction by developing Carbon Capture and Storage projects.

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