Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Days Inventory : 22.62 (As of Sep. 2023)

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What is Ofis Yem Gidanayi ve Ticaret AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ofis Yem Gidanayi ve Ticaret AS's Average Total Inventories for the three months ended in Sep. 2023 was ₺399 Mil. Ofis Yem Gidanayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺1,610 Mil. Hence, Ofis Yem Gidanayi ve Ticaret AS's Days Inventory for the three months ended in Sep. 2023 was 22.62.

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

IST:OFSYM' s Days Inventory Range Over the Past 10 Years
Min: 14.25 Med: 25.49 Max: 47.41
Current: 24.2

During the past 3 years, Ofis Yem Gidanayi ve Ticaret AS's highest Days Inventory was 47.41. The lowest was 14.25. And the median was 25.49.

IST:OFSYM's Days Inventory is ranked better than
92.73% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 82.17 vs IST:OFSYM: 24.20

Ofis Yem Gidanayi ve Ticaret AS's Days Inventory increased from Mar. 2022 (16.13) to Sep. 2023 (22.62). It might indicate that Ofis Yem Gidanayi ve Ticaret AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ofis Yem Gidanayi ve Ticaret AS's Inventory Turnover for the three months ended in Sep. 2023 was 4.03.

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. Ofis Yem Gidanayi ve Ticaret AS's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.23.

Ofis Yem Gidanayi ve Ticaret AS Days Inventory Historical Data

The historical data trend for Ofis Yem Gidanayi 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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Ofis Yem Gidanayi ve Ticaret AS Days Inventory Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

47.41

25.49

14.25

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			16.13	-	14.70	17.14	22.62

Competitive Comparison of Ofis Yem Gidanayi ve Ticaret AS's Days Inventory

For the Packaged Foods subindustry, Ofis Yem Gidanayi 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.

Ofis Yem Gidanayi ve Ticaret AS's Days Inventory Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Ofis Yem Gidanayi ve Ticaret AS's Days Inventory falls into.

Ofis Yem Gidanayi ve Ticaret AS Days Inventory Calculation

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

Ofis Yem Gidanayi ve Ticaret AS's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (246.496	+	295.898)	/	2 )	/	6945.938	*	365
=	271.197					/	6945.938	*	365
=	14.25

Ofis Yem Gidanayi ve Ticaret AS's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (475.803	+	322.311)	/	2 )	/	1609.674	*	365 / 4
=	399.057					/	1609.674	*	365 / 4
=	22.62

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) 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.

Ofis Yem Gidanayi ve Ticaret AS's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1609.674	/	399.057
	=	4.03

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.

Ofis Yem Gidanayi ve Ticaret AS's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	399.057	/	1748.364
	=	0.23

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.

Ofis Yem Gidanayi ve Ticaret AS Days Inventory Related Terms

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

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR

Website

https://www.ofisyem.com.tr

Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

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