Sylogist (TSX:SYZ) Inventory Turnover : 28.53 (As of Mar. 2024)

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What is Sylogist Inventory Turnover?

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. Sylogist's Cost of Goods Sold for the three months ended in Mar. 2024 was C$7.08 Mil. Sylogist's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.25 Mil. Sylogist's Inventory Turnover for the quarter that ended in Mar. 2024 was 28.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sylogist's Days Inventory for the three months ended in Mar. 2024 was 3.20.

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. Sylogist's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Sylogist Inventory Turnover Historical Data

The historical data trend for Sylogist'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.

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Sylogist Inventory Turnover Chart

Sylogist Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Dec23

Inventory Turnover

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248.02

41.74

30.94

44.16

111.52

Sylogist Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															23.54	18.79	20.33	24.14	28.53

Sylogist Inventory Turnover Calculation

Sylogist's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	25.983	/ (	(0.218	+	0.248)	/	2 )
=	25.983	/	0.233
=	111.52

Sylogist's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	7.075	/ (	(0.248	+	0)	/	1 )
=	7.075	/	0.248
=	28.53

Sylogist (TSX:SYZ) 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.

Sylogist's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.248	/	7.075	*	365 / 4
	=	3.20

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.

Sylogist's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.248	/	16.306
	=	0.02

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.

Sylogist Inventory Turnover Related Terms

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Sylogist (TSX:SYZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sylogist Ltd (TSX:SYZ) » Definitions » Inventory Turnover

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SYZLF:USA

Address

5 Richard Way S.W., Suite 102, Calgary, AB, CAN, T3E 7M8

Website

https://www.sylogist.com

Sylogist Ltd is a software company that provides Enterprise Resource Planning solutions, including fund accounting, grant management, and payroll to public service organizations. The only segment is Public Sector. Its solutions include Serenic Navigator for K-12 Education, Serenic Navigator for Nonprofit Organizations, NaviPayroll, NaviTrak, NaviView, NaviNet, NaviBridge, and others. It receives maximum revenue in the form of cloud subscriptions. Geographically, the company offers its services to the United States of America, Canada, and the United Kingdom region. The majority of the revenue comes from the United States of America.

Executives

Errol Olsen

Director

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