Bossa Ticaret VEnayi Isletmeleri TAS (IST:BOSSA) Inventory Turnover : 0.86 (As of Jun. 2023)

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What is Bossa Ticaret VEnayi Isletmeleri TAS Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Bossa Ticaret VEnayi Isletmeleri TAS's Cost of Goods Sold for the three months ended in Jun. 2023 was ₺693 Mil. Bossa Ticaret VEnayi Isletmeleri TAS's Average Total Inventories for the quarter that ended in Jun. 2023 was ₺805 Mil. Bossa Ticaret VEnayi Isletmeleri TAS's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bossa Ticaret VEnayi Isletmeleri TAS's Days Inventory for the three months ended in Jun. 2023 was 105.93.

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. Bossa Ticaret VEnayi Isletmeleri TAS's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.87.

Bossa Ticaret VEnayi Isletmeleri TAS Inventory Turnover Historical Data

The historical data trend for Bossa Ticaret VEnayi Isletmeleri TAS's Inventory Turnover 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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Bossa Ticaret VEnayi Isletmeleri TAS Inventory Turnover Chart

Bossa Ticaret VEnayi Isletmeleri TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.28

2.89

3.16

5.58

3.61

Bossa Ticaret VEnayi Isletmeleri TAS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.76	3.06	0.68	0.86	-

Bossa Ticaret VEnayi Isletmeleri TAS Inventory Turnover Calculation

Bossa Ticaret VEnayi Isletmeleri TAS's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	4146.254	/ (	(1249.974	+	1045.262)	/	2 )
=	4146.254	/	1147.618
=	3.61

Bossa Ticaret VEnayi Isletmeleri TAS's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	693.162	/ (	(721.881	+	887.544)	/	2 )
=	693.162	/	804.7125
=	0.86

Bossa Ticaret VEnayi Isletmeleri TAS (IST:BOSSA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Bossa Ticaret VEnayi Isletmeleri TAS's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	804.7125	/	693.162	*	365 / 4
	=	105.93

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.

Bossa Ticaret VEnayi Isletmeleri TAS's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	804.7125	/	921.818
	=	0.87

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Bossa Ticaret VEnayi Isletmeleri TAS Inventory Turnover Related Terms

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Bossa Ticaret VEnayi Isletmeleri TAS (IST:BOSSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bossa Ticaret VE Sanayi Isletmeleri TAS (IST:BOSSA) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Celal Bayar Bul. No:3, Hac? Sabanc? Organize Sanayi Bölgesi Ac?dere OSB Mah, Adana, TUR, 01410

Website

https://www.bossa.com.tr

Bossa Ticaret VE Sanayi Isletmeleri TAS is a Turkish based company, engages in the manufacture, market, and sale of fabrics and textile products. Its products include denim and sportswear for formal and smart casual wear and shirting fabrics, including dyed, printed and yarn-dyed clothing and cotton, polyester, nylon, linen, silk and wool blends. It manufactures and markets its finished fabrics through spinning, weaving and dying processes and exports its products to domestic market and overseas market.

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