Sinergon Holding AD (XBUL:SNRG) Days Inventory : 14.20 (As of Jun. 2023)

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What is Sinergon Holding AD Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sinergon Holding AD's Average Total Inventories for the three months ended in Jun. 2023 was лв59.6 Mil. Sinergon Holding AD's Cost of Goods Sold for the three months ended in Jun. 2023 was лв382.7 Mil. Hence, Sinergon Holding AD's Days Inventory for the three months ended in Jun. 2023 was 14.20.

The historical rank and industry rank for Sinergon Holding AD's Days Inventory or its related term are showing as below:

XBUL:SNRG' s Days Inventory Range Over the Past 10 Years
Min: 31.16 Med: 72.46 Max: 736.99
Current: 54.5

During the past 13 years, Sinergon Holding AD's highest Days Inventory was 736.99. The lowest was 31.16. And the median was 72.46.

XBUL:SNRG's Days Inventory is ranked better than
58.43% of 166 companies
in the Asset Management industry
Industry Median: 76.375 vs XBUL:SNRG: 54.50

Sinergon Holding AD's Days Inventory declined from Dec. 2021 (23.78) to Jun. 2023 (14.20).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinergon Holding AD's Inventory Turnover for the three months ended in Jun. 2023 was 6.43.

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. Sinergon Holding AD's Inventory-to-Revenue for the three months ended in Jun. 2023 was 0.32.

Sinergon Holding AD Days Inventory Historical Data

The historical data trend for Sinergon Holding AD's Days Inventory 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.

* Premium members only.

Sinergon Holding AD Days Inventory Chart

Sinergon Holding AD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Inventory

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69.97

66.85

58.90

57.09

31.16

Sinergon Holding AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23
Days Inventory	Get a 7-Day Free Trial															23.78	535.78	11.88	549.66	14.20

Competitive Comparison of Sinergon Holding AD's Days Inventory

For the Asset Management subindustry, Sinergon Holding AD's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sinergon Holding AD's Days Inventory Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sinergon Holding AD's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sinergon Holding AD's Days Inventory falls into.

Sinergon Holding AD Days Inventory Calculation

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 fiscal year that ended in Dec. 2021 is calculated as

	Days Inventory (A: Dec. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (44.921	+	47.213)	/	2 )	/	539.665	*	365
=	46.067					/	539.665	*	365
=	31.16

Sinergon Holding AD's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (62.104	+	57.001)	/	2 )	/	382.742	*	365 / 4
=	59.5525					/	382.742	*	365 / 4
=	14.20

Sinergon Holding AD (XBUL:SNRG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Sinergon Holding AD's Inventory Turnover for the three months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	382.742	/	59.5525
	=	6.43

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.

Sinergon Holding AD's Inventory to Revenue for the three months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	59.5525	/	188.262
	=	0.32

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Sinergon Holding AD Days Inventory Related Terms

Thank you for viewing the detailed overview of Sinergon Holding AD's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Sinergon Holding AD (XBUL:SNRG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

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.