Kordsa Teknik Tekstil AS (IST:KORDS) Change In Inventory : ₺920 Mil (TTM As of Mar. 2024)

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What is Kordsa Teknik Tekstil AS Change In Inventory?

Kordsa Teknik Tekstil AS's change in inventory for the quarter that ended in Mar. 2024 was ₺-463 Mil. It means Kordsa Teknik Tekstil AS's inventory increased by ₺463 Mil from Dec. 2023 to Mar. 2024 .

Kordsa Teknik Tekstil AS's change in inventory for the fiscal year that ended in Dec. 2023 was ₺1,337 Mil. It means Kordsa Teknik Tekstil AS's inventory declined by ₺1,337 Mil from Dec. 2022 to Dec. 2023 .

Kordsa Teknik Tekstil AS's Total Inventories for the quarter that ended in Mar. 2024 was ₺7,991 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kordsa Teknik Tekstil AS's Days Inventory for the quarter that ended in Mar. 2024 was 112.61.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kordsa Teknik Tekstil AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.

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. Kordsa Teknik Tekstil AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.02.

Kordsa Teknik Tekstil AS Change In Inventory Historical Data

The historical data trend for Kordsa Teknik Tekstil AS's Change In 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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Kordsa Teknik Tekstil AS Change In Inventory Chart

Kordsa Teknik Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-169.53

-2.64

-1,791.44

-1,011.71

1,337.17

Kordsa Teknik Tekstil AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-45.76	535.90	1,126.85	-279.83	-462.84

Kordsa Teknik Tekstil AS Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺920 Mil.

Kordsa Teknik Tekstil AS (IST:KORDS) Change In Inventory Explanation

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

Kordsa Teknik Tekstil AS's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7415.3815	/	6008.911	*	365 / 4
	=	112.61

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

Kordsa Teknik Tekstil AS's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6008.911	/	7415.3815
	=	0.81

3. 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.

Kordsa Teknik Tekstil AS's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7415.3815	/	7239.384
	=	1.02

Kordsa Teknik Tekstil AS Change In Inventory Related Terms

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Kordsa Teknik Tekstil AS (IST:KORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kordsa Teknik Tekstil AS (IST:KORDS) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

Alikahya Fatih Mahallesi Sanayici Caddesi No. 90, Izmit, Kocaeli, TUR, 41310

Website

https://www.kordsa.com

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses etc. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa of which it derives a majority of revenue from North America.

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