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Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Days Inventory : 41.23 (As of Dec. 2023)


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What is Izmir Fircanayi ve Ticaret AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Izmir Fircanayi ve Ticaret AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺40.3 Mil. Izmir Fircanayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺89.2 Mil. Hence, Izmir Fircanayi ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 41.23.

The historical rank and industry rank for Izmir Fircanayi ve Ticaret AS's Days Inventory or its related term are showing as below:

IST:IZFAS' s Days Inventory Range Over the Past 10 Years
Min: 78.09   Med: 292.33   Max: 340.39
Current: 78.09

During the past 9 years, Izmir Fircanayi ve Ticaret AS's highest Days Inventory was 340.39. The lowest was 78.09. And the median was 292.33.

IST:IZFAS's Days Inventory is ranked better than
52.63% of 1786 companies
in the Consumer Packaged Goods industry
Industry Median: 82.33 vs IST:IZFAS: 78.09

Izmir Fircanayi ve Ticaret AS's Days Inventory declined from Dec. 2022 (56.21) to Dec. 2023 (41.23).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Izmir Fircanayi ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 was 2.21.

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. Izmir Fircanayi ve Ticaret AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.


Izmir Fircanayi ve Ticaret AS Days Inventory Historical Data

The historical data trend for Izmir Fircanayi ve Ticaret AS'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.

* Premium members only.

Izmir Fircanayi ve Ticaret AS Days Inventory Chart

Izmir Fircanayi ve Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 292.33 197.31 162.72 99.09 99.33

Izmir Fircanayi ve Ticaret AS Quarterly Data
Sep14 Dec14 Jun15 Sep15 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56.21 139.35 87.78 60.26 41.23

Competitive Comparison of Izmir Fircanayi ve Ticaret AS's Days Inventory

For the Household & Personal Products subindustry, Izmir Fircanayi ve Ticaret AS'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.


Izmir Fircanayi ve Ticaret AS's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Izmir Fircanayi ve Ticaret AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Izmir Fircanayi ve Ticaret AS's Days Inventory falls into.



Izmir Fircanayi ve Ticaret AS Days Inventory Calculation

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

Izmir Fircanayi ve Ticaret AS'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
=( (83.09 + 46.093) / 2 ) / 237.361*365
=64.5915 / 237.361*365
=99.33

Izmir Fircanayi ve Ticaret AS's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (34.496 + 46.093) / 2 ) / 89.179*365 / 4
=40.2945 / 89.179*365 / 4
=41.23

* 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.


Izmir Fircanayi ve Ticaret AS  (IST:IZFAS) 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.

Izmir Fircanayi ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Izmir Fircanayi ve Ticaret AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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

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.


Izmir Fircanayi ve Ticaret AS Days Inventory Related Terms

Thank you for viewing the detailed overview of Izmir Fircanayi ve Ticaret AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Business Description

Traded in Other Exchanges
N/A
Address
10006. Sokak, No: 18 AOSB ZIP, Karsiyaka, Istanbul, TUR, 35620
Izmir Firca Sanayi ve Ticaret A.S. provides products used in construction and cleaning the area for domestic and international market. The Company's products include bucket, cloth, stairs, brush, roll, garden cleaner and skerkel paint brush.

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Headlines

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