Accord Synergy (NSE:ACCORD) Total Inventories : ₹7.2 Mil (As of Mar. 2023)

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What is Accord Synergy Total Inventories?

Accord Synergy's total inventories for the quarter that ended in Mar. 2023 was ₹7.2 Mil. Accord Synergy's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Mar. 2023 was ₹3.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Accord Synergy's Net-Net Working Capital per share for the quarter that ended in Mar. 2023 was ₹22.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Accord Synergy's Days Inventory for the six months ended in Mar. 2023 was 7.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. Accord Synergy's Inventory Turnover for the quarter that ended in Mar. 2023 was 25.49.

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. Accord Synergy's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.03.

Accord Synergy Total Inventories Historical Data

The historical data trend for Accord Synergy'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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Accord Synergy Total Inventories Chart

Accord Synergy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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66.74

44.97

36.53

7.19

Accord Synergy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Total Inventories	Get a 7-Day Free Trial										36.53	24.29	-	-	7.19

Accord Synergy 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.

Accord Synergy (NSE:ACCORD) 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.

Accord Synergy's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2023 is

	Net-Net Working Capital Per Share (Q: Mar. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(31.733	+	0.75 * 93.627	+	0.5 * 7.193	-	28.652
-	0	-	0)	/	3.472
=	22.15

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

Accord Synergy's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	3.5965	/	91.682	*	365 / 2
	=	7.16

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

Accord Synergy's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2023 )	/	Average Total Inventories (Q: Mar. 2023 )
	=	91.682	/	3.5965
	=	25.49

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.

Accord Synergy's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	3.5965	/	135.714
	=	0.03

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.

Accord Synergy Total Inventories Related Terms

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Accord Synergy (NSE:ACCORD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Accord Synergy Ltd (NSE:ACCORD) » Definitions » Total Inventories

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Address

302, Shine Plaza, Near Natubhai Circle, Race Course, Vadodara, GJ, IND, 390007

Website

https://www.accordsynergy.com

Accord Synergy Ltd is engaged in support services to the telecom industries. The company has two reportable segments which are Telecom services and Civil contracts of which Telecom services segment generates majority of its revenue for the company. The company offers network planning and optimization, network rollout, managed services, and manpower outsourcing through a sub-contracting basis. It also provides all services related to planning, installation and commissioning, operation, modification and maintenance of telecom networks to the customers. Geographically, it operates only in India.

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