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Syntec Optics Holdings's total inventories for the quarter that ended in Sep. 2024 was $7.56 Mil. Syntec Optics Holdings's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $7.53 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Syntec Optics Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-0.18.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Syntec Optics Holdings's Days Inventory for the three months ended in Sep. 2024 was 113.93.
Inventory Turnover measures how fast the company turns over its inventory within a year. Syntec Optics Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.80.
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. Syntec Optics Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.96.
The historical data trend for Syntec Optics Holdings'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.
Syntec Optics Holdings Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Total Inventories | 4.56 | 3.63 | 5.83 |
Syntec Optics Holdings Quarterly Data | |||||||||
Dec21 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Inventories | Get a 7-Day Free Trial |
![]() |
- | 5.83 | 6.47 | 7.50 | 7.56 |
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.
Syntec Optics Holdings (NAS:OPTX) 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.
Syntec Optics Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is
Net-Net Working Capital Per Share (Q: Sep. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (0.477 | + | 0.75 * 5.822 | + | 0.5 * 7.561 | - | 15.189 |
- | 0 | - | 0) | / | 36.688 | ||
= | -0.18 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Syntec Optics Holdings's Days Inventory for the three months ended in Sep. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2024 ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | 7.531 | / | 6.032 | * | 365 / 4 | |
= | 113.93 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Syntec Optics Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2024 ) | / | Average Total Inventories (Q: Sep. 2024 ) |
= | 6.032 | / | 7.531 | |
= | 0.80 |
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.
Syntec Optics Holdings's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 7.531 | / | 7.866 | |
= | 0.96 |
* 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.
Thank you for viewing the detailed overview of Syntec Optics Holdings's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Brent David Rosenthal | director | C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960 |
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Goldman Sachs & Co. Llc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
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Kent R Weldon | director | C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110 |
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Mark D Norman | director | C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141 |
Skylar Jacobs | officer: Chief Operating Officer | 1 IRVING TERRACE, CAMBRIDGE MA 02138 |
Nelson Robert O Ii | officer: CFO and Secretary | 29 HIDDEN ROAD, WESTON MA 02493 |
Alok Kapoor | director, 10 percent owner, officer: Chairman and CEO | 157 BEAVER, WESTON MA 02493 |
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