Gen Ilac Veglik Urunlerinayi ve Ticaret AS (IST:GENIL) Inventory Turnover : 2.80 (As of Dec. 2023)

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What is Gen Ilac Veglik Urunlerinayi ve Ticaret AS 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. Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺3,055 Mil. Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺1,090 Mil. Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 32.54.

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. Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.29.

Gen Ilac Veglik Urunlerinayi ve Ticaret AS Inventory Turnover Historical Data

The historical data trend for Gen Ilac Veglik Urunlerinayi ve Ticaret AS'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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Gen Ilac Veglik Urunlerinayi ve Ticaret AS Inventory Turnover Chart

Gen Ilac Veglik Urunlerinayi ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.16

8.09

4.47

13.85

6.53

Gen Ilac Veglik Urunlerinayi ve Ticaret AS Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												10.34	1.26	1.72	2.57	2.80

Gen Ilac Veglik Urunlerinayi ve Ticaret AS Inventory Turnover Calculation

Gen Ilac Veglik Urunlerinayi ve Ticaret AS'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 )
=	6352.168	/ (	(666.508	+	1278.903)	/	2 )
=	6352.168	/	972.7055
=	6.53

Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3055.303	/ (	(900.125	+	1278.903)	/	2 )
=	3055.303	/	1089.514
=	2.80

Gen Ilac Veglik Urunlerinayi ve Ticaret AS (IST:GENIL) 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.

Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1089.514	/	3055.303	*	365 / 4
	=	32.54

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.

Gen Ilac Veglik Urunlerinayi ve Ticaret AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1089.514	/	3727.913
	=	0.29

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.

Gen Ilac Veglik Urunlerinayi ve Ticaret AS Inventory Turnover Related Terms

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Gen Ilac Veglik Urunlerinayi ve Ticaret AS (IST:GENIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Gen Ilac Ve Saglik Urunleri Sanayi ve Ticaret AS (IST:GENIL) » Definitions » Inventory Turnover

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N/A

Address

Mustafa Kemal Mahallesi 2119.Sk. No:3, Cankaya, Ankara, TUR, 06520

Website

https://www.genilac.com.tr

Gen Ilac Ve Saglik Urunleri Sanayi ve Ticaret AS is a specialty pharmaceuticals company in Turkey. Its locally manufactured products include Cajex, Contra-K, Epamor, Genkort, Ilopera, among others, while imported products include AvonexPEN, Plegridy, Tecfidera, Regen-D among others.

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