CAN2 Termik AS (IST:CANTE) Days Inventory : 45.65 (As of Dec. 2023)

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What is CAN2 Termik AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CAN2 Termik AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺1,073 Mil. CAN2 Termik AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,145 Mil. Hence, CAN2 Termik AS's Days Inventory for the three months ended in Dec. 2023 was 45.65.

The historical rank and industry rank for CAN2 Termik AS's Days Inventory or its related term are showing as below:

IST:CANTE' s Days Inventory Range Over the Past 10 Years
Min: 29.32 Med: 73.75 Max: 84.3
Current: 67.84

During the past 7 years, CAN2 Termik AS's highest Days Inventory was 84.30. The lowest was 29.32. And the median was 73.75.

IST:CANTE's Days Inventory is ranked worse than
72.95% of 329 companies
in the Utilities - Independent Power Producers industry
Industry Median: 30.41 vs IST:CANTE: 67.84

CAN2 Termik AS's Days Inventory increased from Dec. 2022 (11.49) to Dec. 2023 (45.65). It might indicate that CAN2 Termik AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. CAN2 Termik AS's Inventory Turnover for the three months ended in Dec. 2023 was 2.00.

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. CAN2 Termik AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.46.

CAN2 Termik AS Days Inventory Historical Data

The historical data trend for CAN2 Termik 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.

* Premium members only.

CAN2 Termik AS Days Inventory Chart

CAN2 Termik AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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41.57

73.69

73.80

29.32

84.30

CAN2 Termik AS Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial													11.49	76.06	85.90	74.08	45.65

Competitive Comparison of CAN2 Termik AS's Days Inventory

For the Utilities - Independent Power Producers subindustry, CAN2 Termik 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.

CAN2 Termik AS's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, CAN2 Termik AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where CAN2 Termik AS's Days Inventory falls into.

CAN2 Termik AS Days Inventory Calculation

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

CAN2 Termik AS's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (981.83	+	1263.375)	/	2 )	/	4860.5	*	365
=	1122.6025					/	4860.5	*	365
=	84.30

CAN2 Termik AS's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (882.953	+	1263.375)	/	2 )	/	2145.326	*	365 / 4
=	1073.164					/	2145.326	*	365 / 4
=	45.65

CAN2 Termik AS (IST:CANTE) 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.

CAN2 Termik AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2145.326	/	1073.164
	=	2.00

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.

CAN2 Termik AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1073.164	/	2335.171
	=	0.46

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.

CAN2 Termik AS Days Inventory Related Terms

Thank you for viewing the detailed overview of CAN2 Termik AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

CAN2 Termik AS (IST:CANTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CAN2 Termik AS (IST:CANTE) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Barbaros Mahallesi, Karanfil Sokak, Varyap Meridian Sitesi No:l lD, Villa 4 Bati Atajehir, Istanbul, TUR

Website

https://www.can2termik.com.tr

CAN2 Termik AS is a company operating in the fields of electrical energy generation, procurement and mining.

CAN2 Termik AS (IST:CANTE) Headlines

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