Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) Inventory Turnover : 3.60 (As of Dec. 2023)

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What is Oyak Cmento Fabrikalari Anonim Sirketi 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. Oyak Cmento Fabrikalari Anonim Sirketi's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺11,718 Mil. Oyak Cmento Fabrikalari Anonim Sirketi's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺3,253 Mil. Oyak Cmento Fabrikalari Anonim Sirketi's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oyak Cmento Fabrikalari Anonim Sirketi's Days Inventory for the three months ended in Dec. 2023 was 25.33.

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. Oyak Cmento Fabrikalari Anonim Sirketi's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

Oyak Cmento Fabrikalari Anonim Sirketi Inventory Turnover Historical Data

The historical data trend for Oyak Cmento Fabrikalari Anonim Sirketi'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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Oyak Cmento Fabrikalari Anonim Sirketi Inventory Turnover Chart

Oyak Cmento Fabrikalari Anonim Sirketi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.50

6.67

2.25

6.05

5.46

Oyak Cmento Fabrikalari Anonim Sirketi Quarterly Data
	Dec18	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															5.31	0.88	1.42	1.80	3.60

Oyak Cmento Fabrikalari Anonim Sirketi Inventory Turnover Calculation

Oyak Cmento Fabrikalari Anonim Sirketi'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 )
=	21425.642	/ (	(3760.999	+	4091.545)	/	2 )
=	21425.642	/	3926.272
=	5.46

Oyak Cmento Fabrikalari Anonim Sirketi'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 )
=	11717.976	/ (	(2415.039	+	4091.545)	/	2 )
=	11717.976	/	3253.292
=	3.60

Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) 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.

Oyak Cmento Fabrikalari Anonim Sirketi'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
	=	3253.292	/	11717.976	*	365 / 4
	=	25.33

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.

Oyak Cmento Fabrikalari Anonim Sirketi'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 )
	=	3253.292	/	15162.494
	=	0.21

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.

Oyak Cmento Fabrikalari Anonim Sirketi Inventory Turnover Related Terms

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Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Oyak Cmento Fabrikalari Anonim Sirketi (IST:OYAKC) » Definitions » Inventory Turnover

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Address

Cukurambar Mahallesi 1480, Sokak No: 2A/56, Cankaya-Ankara, Ordu, TUR

Website

https://www.oyakcimento.com

Oyak Cmento Fabrikalari Anonim Sirketi is engaged in the manufacture and sale of cement and clinker. The company's product portfolio encompasses various types of cement and clinker, such as Portland cement, pozzolanic cement, Portland composite cement, sulfate resistant cement and petroleum cement.

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