Parsan Makina Parcalarinayii AS (IST:PARSN) Days Inventory : 95.44 (As of Mar. 2024)

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What is Parsan Makina Parcalarinayii AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Parsan Makina Parcalarinayii AS's Average Total Inventories for the three months ended in Mar. 2024 was ₺1,006 Mil. Parsan Makina Parcalarinayii AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺962 Mil. Hence, Parsan Makina Parcalarinayii AS's Days Inventory for the three months ended in Mar. 2024 was 95.44.

The historical rank and industry rank for Parsan Makina Parcalarinayii AS's Days Inventory or its related term are showing as below:

IST:PARSN' s Days Inventory Range Over the Past 10 Years
Min: 95.54 Med: 110.62 Max: 165.51
Current: 95.54

During the past 13 years, Parsan Makina Parcalarinayii AS's highest Days Inventory was 165.51. The lowest was 95.54. And the median was 110.62.

IST:PARSN's Days Inventory is ranked better than
64.42% of 2912 companies
in the Industrial Products industry
Industry Median: 120.75 vs IST:PARSN: 95.54

Parsan Makina Parcalarinayii AS's Days Inventory increased from Mar. 2023 (86.42) to Mar. 2024 (95.44). It might indicate that Parsan Makina Parcalarinayii AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Parsan Makina Parcalarinayii AS's Inventory Turnover for the three months ended in Mar. 2024 was 0.96.

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. Parsan Makina Parcalarinayii AS's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.81.

Parsan Makina Parcalarinayii AS Days Inventory Historical Data

The historical data trend for Parsan Makina Parcalarinayii 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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Parsan Makina Parcalarinayii AS Days Inventory Chart

Parsan Makina Parcalarinayii AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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128.90

165.51

135.77

102.70

101.36

Parsan Makina Parcalarinayii AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															86.42	95.84	89.94	100.76	95.44

Competitive Comparison of Parsan Makina Parcalarinayii AS's Days Inventory

For the Specialty Industrial Machinery subindustry, Parsan Makina Parcalarinayii 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.

Parsan Makina Parcalarinayii AS's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Parsan Makina Parcalarinayii AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Parsan Makina Parcalarinayii AS's Days Inventory falls into.

Parsan Makina Parcalarinayii AS Days Inventory Calculation

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

Parsan Makina Parcalarinayii 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
=	( (682.048	+	974.234)	/	2 )	/	2982.075	*	365
=	828.141					/	2982.075	*	365
=	101.36

Parsan Makina Parcalarinayii AS's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (974.234	+	1037.627)	/	2 )	/	961.727	*	365 / 4
=	1005.9305					/	961.727	*	365 / 4
=	95.44

Parsan Makina Parcalarinayii AS (IST:PARSN) 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.

Parsan Makina Parcalarinayii AS's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	961.727	/	1005.9305
	=	0.96

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.

Parsan Makina Parcalarinayii AS's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1005.9305	/	1244.586
	=	0.81

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.

Parsan Makina Parcalarinayii AS Days Inventory Related Terms

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

Parsan Makina Parcalarinayii AS (IST:PARSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parsan Makina Parcalari Sanayii AS (IST:PARSN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kemiklidere Mevkii PK: 3 Guzelyali Koyu, Pendik, Istanbul, TUR, 34903

Website

http://www.parsan.com

Parsan Makina Parcalari Sanayii AS is a Turkey-based company involved in the business of forging, heat treatment, special machining and die production. It manufactures Cardan shafts, spider gears, slip shafts, other automotive products, rear axle shafts, front axle beams, and front axle assemblies, and track assemblies.

Parsan Makina Parcalarinayii AS (IST:PARSN) Headlines

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