Gubre Fabrikalari TAS (IST:GUBRF) Inventory Turnover : 2.43 (As of Dec. 2023)

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What is Gubre Fabrikalari 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. Gubre Fabrikalari TAS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺12,851 Mil. Gubre Fabrikalari TAS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺5,298 Mil. Gubre Fabrikalari TAS's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gubre Fabrikalari TAS's Days Inventory for the three months ended in Dec. 2023 was 37.62.

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. Gubre Fabrikalari TAS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Gubre Fabrikalari TAS Inventory Turnover Historical Data

The historical data trend for Gubre Fabrikalari 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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Gubre Fabrikalari TAS Inventory Turnover Chart

Gubre Fabrikalari TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.99

3.15

2.55

6.42

4.61

Gubre Fabrikalari TAS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.81	0.97	1.12	1.59	2.43

Gubre Fabrikalari TAS Inventory Turnover Calculation

Gubre Fabrikalari 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 )
=	31658.806	/ (	(7798.691	+	5945.04)	/	2 )
=	31658.806	/	6871.8655
=	4.61

Gubre Fabrikalari TAS'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 )
=	12850.537	/ (	(4650.403	+	5945.04)	/	2 )
=	12850.537	/	5297.7215
=	2.43

Gubre Fabrikalari TAS (IST:GUBRF) 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.

Gubre Fabrikalari TAS'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
	=	5297.7215	/	12850.537	*	365 / 4
	=	37.62

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.

Gubre Fabrikalari TAS'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 )
	=	5297.7215	/	15006.369
	=	0.35

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.

Gubre Fabrikalari TAS Inventory Turnover Related Terms

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Gubre Fabrikalari TAS (IST:GUBRF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Gubre Fabrikalari TAS (IST:GUBRF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Merdivenkoy Mahallesi, Bora Sokak. No. 1, Kat: 12-30-31, Nida Kule Goztepe Ism. No.1 K.12 (Bolum: 42, 45), Kadikoy, Istanbul, TUR, 34732

Website

http://www.gubretas.com.tr

Gubre Fabrikalari TAS is involved in manufacturing and selling fertilizer and crop-protection products to the agriculture industry. The company produces solid, liquid, and powder fertilizers. The firm also operates a port service in Turkey's shipping industry.

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