Verusa Holding AS (IST:VERUS) Inventory Turnover : 3.49 (As of Dec. 2023)

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What is Verusa Holding 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. Verusa Holding AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺282.0 Mil. Verusa Holding AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺80.8 Mil. Verusa Holding AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Verusa Holding AS's Days Inventory for the three months ended in Dec. 2023 was 26.14.

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. Verusa Holding AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Verusa Holding AS Inventory Turnover Historical Data

The historical data trend for Verusa Holding 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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Verusa Holding AS Inventory Turnover Chart

Verusa Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.09

4.64

4.52

7.19

5.21

Verusa Holding AS 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															3.86	0.78	1.10	2.96	3.49

Verusa Holding AS Inventory Turnover Calculation

Verusa Holding 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 )
=	618.56	/ (	(134.477	+	103.178)	/	2 )
=	618.56	/	118.8275
=	5.21

Verusa Holding 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 )
=	282.027	/ (	(58.424	+	103.178)	/	2 )
=	282.027	/	80.801
=	3.49

Verusa Holding AS (IST:VERUS) 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.

Verusa Holding 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
	=	80.801	/	282.027	*	365 / 4
	=	26.14

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.

Verusa Holding 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 )
	=	80.801	/	234.152
	=	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.

Verusa Holding AS Inventory Turnover Related Terms

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Verusa Holding AS (IST:VERUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Verusa Holding AS (IST:VERUS) » Definitions » Inventory Turnover

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Address

Giz Plaza Ayazaga Road, Eski Buyukdere Cad, 14th Floor, D, 51-52, Istanbul, TUR, 34398

Website

http://www.verusa.com.tr

Verusa Holding AS is a Turkey based company engaged in providing planning, production, marketing, finance, financing, personnel and funds management. It also has a presence in the sectors of Energy, Finance, Iron and steel, Chemical, and Technology.

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