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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Syneos Health's Cost of Goods Sold for the three months ended in Jun. 2023 was $1,071 Mil. Syneos Health's Average Total Inventories for the quarter that ended in Jun. 2023 was $0 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Syneos Health's Days Inventory for the three months ended in Jun. 2023 was 0.00.
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. Syneos Health's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.00.
The historical data trend for Syneos Health's Inventory Turnover 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.
Syneos Health Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Syneos Health Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
Syneos Health's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as
Inventory Turnover (A: Dec. 2022 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2022 ) | / ( | (Total Inventories (A: Dec. 2021 ) | + | Total Inventories (A: Dec. 2022 )) | / | count ) |
= | 4138.816 | / ( | (0 | + | 0) | / | 1 ) |
= | 4138.816 | / | 0 | ||||
= | N/A |
Syneos Health's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as
Inventory Turnover (Q: Jun. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Jun. 2023 ) | / ( | (Total Inventories (Q: Mar. 2023 ) | + | Total Inventories (Q: Jun. 2023 )) | / | count ) |
= | 1071.363 | / ( | (0 | + | 0) | / | 1 ) |
= | 1071.363 | / | 0 | ||||
= | N/A |
* 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.
Syneos Health (NAS:SYNH) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Syneos Health's Days Inventory for the three months ended in Jun. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Jun. 2023 ) | / | Cost of Goods Sold (Q: Jun. 2023 ) | * | Days in Period |
= | 0 | / | 1071.363 | * | 365 / 4 | |
= | 0.00 |
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.
Syneos Health's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Jun. 2023 ) | / | Revenue (Q: Jun. 2023 ) |
= | 0 | / | 1366.08 | |
= | 0.00 |
* 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Syneos Health's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael J. Bonello | officer: Chief Financial Officer | 4130 PARKLAKE AVENUE, SUITE 400, RALEIGH NY 27612 |
Stanford Rudnick | officer: See remarks | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560-5468 |
Christian Tucat | officer: Chief Business Officer | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560-5468 |
Michael Lee Brooks | officer: See remarks | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
Jonathan Olefson | officer: General Counsel & Corp Secty | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
Michelle Keefe | officer: Pres., Commercial Solutions | C/O SYNEOS HEALTH,INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
Jason M. Meggs | officer: Chief Financial Officer | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
Donna Hildebrand Kralowetz | officer: SVP, Chief Accounting Officer | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
Matthew E. Monaghan | director | ONE INVACARE WAY, ELYRIA OH 44035 |
Alfonso G Zulueta | director | 4925 INDIANA AVE, LISLE IL 60532 |
Barbara W. Bodem | director | C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Linda S Harty | director | MEDTRONIC PLC, 710 MEDTRONIC PARKWAY NE, LC-150, MINNEAPOLIS MN 55432 |
Alistair Macdonald | officer: Chief Operating Officer | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
David S. Wilkes | director | ONE BAXTER PARKWAY, DEERFIELD IL 60015 |
Advent International Corp/ma | 10 percent owner | 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199 |
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