Syncmold Enterprise (TPE:1582) Days Inventory : 43.50 (As of Mar. 2024)

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What is Syncmold Enterprise Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Syncmold Enterprise's Average Total Inventories for the three months ended in Mar. 2024 was NT$724 Mil. Syncmold Enterprise's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,519 Mil. Hence, Syncmold Enterprise's Days Inventory for the three months ended in Mar. 2024 was 43.50.

The historical rank and industry rank for Syncmold Enterprise's Days Inventory or its related term are showing as below:

TPE:1582' s Days Inventory Range Over the Past 10 Years
Min: 28.56 Med: 34.01 Max: 48.89
Current: 40.29

During the past 13 years, Syncmold Enterprise's highest Days Inventory was 48.89. The lowest was 28.56. And the median was 34.01.

TPE:1582's Days Inventory is ranked better than
87.79% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs TPE:1582: 40.29

Syncmold Enterprise's Days Inventory declined from Mar. 2023 (51.52) to Mar. 2024 (43.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. Syncmold Enterprise's Inventory Turnover for the three months ended in Mar. 2024 was 2.10.

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. Syncmold Enterprise's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.34.

Syncmold Enterprise Days Inventory Historical Data

The historical data trend for Syncmold Enterprise'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.

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Syncmold Enterprise Days Inventory Chart

Syncmold Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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38.11

43.92

47.83

48.89

43.88

Syncmold Enterprise Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															51.52	40.54	36.61	40.89	43.50

Competitive Comparison of Syncmold Enterprise's Days Inventory

For the Electronic Components subindustry, Syncmold Enterprise'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.

Syncmold Enterprise's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syncmold Enterprise's Days Inventory distribution charts can be found below:

* The bar in red indicates where Syncmold Enterprise's Days Inventory falls into.

Syncmold Enterprise Days Inventory Calculation

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

Syncmold Enterprise's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (907.985	+	734.463)	/	2 )	/	6831.797	*	365
=	821.224					/	6831.797	*	365
=	43.88

Syncmold Enterprise's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (734.463	+	713.718)	/	2 )	/	1518.955	*	365 / 4
=	724.0905					/	1518.955	*	365 / 4
=	43.50

Syncmold Enterprise (TPE:1582) 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.

Syncmold Enterprise's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1518.955	/	724.0905
	=	2.10

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.

Syncmold Enterprise's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	724.0905	/	2146.507
	=	0.34

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.

Syncmold Enterprise Days Inventory Related Terms

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

Syncmold Enterprise (TPE:1582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syncmold Enterprise Corp (TPE:1582) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Jiankang Road, 9th Floor, Zhonghe District, New Taipei City, TWN, 235

Website

https://www.syncmold.com.tw

Syncmold Enterprise Corp is a Taiwan-based company engaged in the processing, manufacturing, trading, technology licensing and related import and export business of various metal molds, plastic molds and electronic parts. stands for LCD monitors, LCD TVs, appliances, office machines, components of medical devices, and many other electronic products. The company's customers comprise both original design manufacturers, such as Foxconn, and branded manufacturers like Dell and Philips. The company also designs and manufactures molding products. It generates almost all its revenue from markets outside of Taiwan, with mainland China contributing to majority of its revenue.

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