Akin Tekstil AS (IST:ATEKS) Days Inventory : 70.88 (As of Dec. 2024)

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What is Akin Tekstil AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Akin Tekstil AS's Average Total Inventories for the three months ended in Dec. 2024 was ₺460 Mil. Akin Tekstil AS's Cost of Goods Sold for the three months ended in Dec. 2024 was ₺592 Mil. Hence, Akin Tekstil AS's Days Inventory for the three months ended in Dec. 2024 was 70.88.

The historical rank and industry rank for Akin Tekstil AS's Days Inventory or its related term are showing as below:

IST:ATEKS' s Days Inventory Range Over the Past 10 Years
Min: 87.84 Med: 107.1 Max: 151.57
Current: 103.68

During the past 13 years, Akin Tekstil AS's highest Days Inventory was 151.57. The lowest was 87.84. And the median was 107.10.

IST:ATEKS's Days Inventory is ranked better than
60.51% of 990 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 126.945 vs IST:ATEKS: 103.68

Akin Tekstil AS's Days Inventory increased from Dec. 2023 (47.43) to Dec. 2024 (70.88). It might indicate that Akin Tekstil AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Akin Tekstil AS's Inventory Turnover for the three months ended in Dec. 2024 was 1.29.

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. Akin Tekstil AS's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.86.

Akin Tekstil AS Days Inventory Historical Data

The historical data trend for Akin Tekstil AS's Days Inventory 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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Akin Tekstil AS Days Inventory Chart

Akin Tekstil AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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151.57

143.10

87.84

105.58

107.14

Akin Tekstil AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															47.43	126.08	83.05	170.90	70.88

Competitive Comparison of Akin Tekstil AS's Days Inventory

For the Textile Manufacturing subindustry, Akin Tekstil AS's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Akin Tekstil AS's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Akin Tekstil AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Akin Tekstil AS's Days Inventory falls into.

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Akin Tekstil AS Days Inventory Calculation

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

Akin Tekstil AS's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (609.683	+	436.759)	/	2 )	/	1782.55	*	365
=	523.221					/	1782.55	*	365
=	107.14

Akin Tekstil AS's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (482.778	+	436.759)	/	2 )	/	591.873	*	365 / 4
=	459.7685					/	591.873	*	365 / 4
=	70.88

Akin Tekstil AS (IST:ATEKS) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Akin Tekstil AS's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	591.873	/	459.7685
	=	1.29

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.

Akin Tekstil AS's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	459.7685	/	532.1
	=	0.86

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Akin Tekstil AS Days Inventory Related Terms

Thank you for viewing the detailed overview of Akin Tekstil AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Akin Tekstil AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Akin Tekstil AS (IST:ATEKS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bakirkoy osmaniye mah, Number 5/1-2-3-4, Cirpici kosuyolu sok, Istanbul, TUR, 34144

Website

http://www.akintekstil.com.tr

Akin Tekstil AS is a Turkey-based company involved in the textile manufacturing business. The fabrics produced by the company include Yarn Dyed Gofre, Yarn Dyed Double, Yarn Dyed Barre, Yarn Dyed - Brushed and Twisted Yarn Piece Dyed among others.

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