Synlait Milk (NZSE:SML) Total Inventories: NZ$424 Mil (As of Jan. 2026)


NZSE:SML Synlait Milk Ltd NZSE:SML
33 GF Score
Price NZ$0.42
GF Value NZ$0.33
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Synlait Milk Total Inventories?

Synlait Milk NZSE:SML +1.22% 33 Total Inventories is NZ$424 Mil as of Jan. 2026. GuruFocus rates NZSE:SML with a GF Score™ of 33/100 and a GF Value™ of NZ$0.33 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Synlait Milk's total inventories for the quarter that ended in Jan. 2026 was NZ$424 Mil. Synlait Milk's average total inventories from the quarter that ended in Jul. 2025 to the quarter that ended in Jan. 2026 was NZ$353 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Synlait Milk's Net-Net Working Capital per share for the quarter that ended in Jan. 2026 was NZ$-1.09.

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 82.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Synlait Milk's Inventory Turnover for the quarter that ended in Jan. 2026 was 2.21.

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 0.45.


Synlait Milk  (NZSE:SML) 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.

Synlait Milk's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2026 is

Net-Net Working Capital Per Share (Q: Jan. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(32.305+0.75 * 218.662+0.5 * 423.694-1065.096
-0-0)/603.198
=-1.09

2. 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
=352.556/778.995*365 / 2
=82.60

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

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

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2026 ) / Average Total Inventories (Q: Jan. 2026 )
=778.995 / 352.556
=2.21

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.

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 )
=352.556 / 777.581
=0.45

* 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

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.


Synlait Milk Total Inventories Related Terms


Synlait Milk Total Inventories Historical Data

* Premium members only.

The historical data trend for Synlait Milk'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.

Synlait Milk Total Inventories Chart

Synlait Milk Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 270.94 232.94 250.25 209.70 281.42

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
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 316.26 209.70 347.11 281.42 423.69
NZSE:SML
33GF Score
Synlait Milk Ltd NZSE:SML
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Synlait Milk 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of NZ$424 Mil mean?
Synlait Milk (NZSE:SML) has a Total Inventories of NZ$424 Mil as of Jan. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Synlait Milk and its competitors.
Is Synlait Milk's Total Inventories too high?
Synlait Milk's current Total Inventories is NZ$424 Mil. Overall, Synlait Milk has a GF Score™ of 33/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Synlait Milk's Total Inventories compare to KHC and GIS?
Synlait Milk's Total Inventories of NZ$424 Mil 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 Total Inventories for a Consumer Packaged Goods company?
A good Total Inventories depends on the Consumer Packaged Goods industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Synlait Milk and its competitors. Synlait Milk's current Total Inventories is NZ$424 Mil. 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?
Based on GuruFocus' analysis, Synlait Milk (NZSE:SML) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$0.33, compared to a current price of NZ$0.42 — trading 25.8% above its estimated fair value. The current Total Inventories is NZ$424 Mil. Synlait Milk's overall GF Score™ is 33/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Synlait Milk (NZSE:SML), the current Total Inventories is NZ$424 Mil 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 (NZSE:SML) Overvalued in 2026?

Based on GuruFocus' analysis, Synlait Milk stock appears to be overvalued. The current stock price of NZ$0.42 is trading 25.8% above its estimated GF Value™ of NZ$0.33. GuruFocus considers Synlait Milk to be Modestly Overvalued.

Key valuation signals for NZSE:SML:

  • Total Inventories: NZ$424 Mil
  • GF Value™: NZ$0.33 vs. price of NZ$0.42 (25.8% above fair value)
  • GF Score™: 33/100 with 4 warning signs

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


Synlait Milk Business Description

Other Exchanges SM1:Australia
Address 1028 Heslerton Road, RD13, Rakaia, STL, NZL, 7783
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.
33GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NZ$0.42
Price
NZ$0.33
GF Value