Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Days Inventory : 30.28 (As of Dec. 2023)

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What is Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺11,058 Mil. Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺33,324 Mil. Hence, Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 30.28.

The historical rank and industry rank for Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Inventory or its related term are showing as below:

IST:KRDMA' s Days Inventory Range Over the Past 10 Years
Min: 58.04 Med: 109.52 Max: 121.58
Current: 58.04

During the past 13 years, Kardemir Karabuk Demir Celiknayi ve Ticaret AS's highest Days Inventory was 121.58. The lowest was 58.04. And the median was 109.52.

IST:KRDMA's Days Inventory is ranked better than
69.39% of 575 companies
in the Steel industry
Industry Median: 85.74 vs IST:KRDMA: 58.04

Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Inventory increased from Dec. 2022 (25.59) to Dec. 2023 (30.28). It might indicate that Kardemir Karabuk Demir Celiknayi ve Ticaret AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 was 3.01.

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. Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.35.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Inventory Historical Data

The historical data trend for Kardemir Karabuk Demir Celiknayi 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.

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Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Inventory Chart

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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111.94

102.08

91.71

72.72

107.09

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															25.59	143.62	123.18	38.04	30.28

Competitive Comparison of Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Inventory

For the Steel subindustry, Kardemir Karabuk Demir Celiknayi 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.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Inventory falls into.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Inventory Calculation

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

Kardemir Karabuk Demir Celiknayi 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
=	( (16723.951	+	12282.746)	/	2 )	/	49431.253	*	365
=	14503.3485					/	49431.253	*	365
=	107.09

Kardemir Karabuk Demir Celiknayi 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
=	( (9833.216	+	12282.746)	/	2 )	/	33323.775	*	365 / 4
=	11057.981					/	33323.775	*	365 / 4
=	30.28

Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) 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.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33323.775	/	11057.981
	=	3.01

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.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	11057.981	/	31938.932
	=	0.35

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.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Inventory Related Terms

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

Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (IST:KRDMA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KRDMD:Turkey KRDMB:Turkey

Address

Kardemir Karabuk Demir Sanayi, Karabuk, TUR, 78170

Website

http://www.kardemir.com

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS is a Turkey-based company that is primarily engaged in manufacturing and selling of raw iron and steel products, coke, and coke byproducts. Its steel products include pig, blooms, billets, ribbed construction steel, profiles, mine poles, and all types of rails. Billet products and round products account for the majority of the company's steel product volume. The company's products are used in the construction, mining, transport, and industry sectors. Most of the company's revenue is generated from the Turkish domestic market.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Headlines

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