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Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Days Inventory : 64.41 (As of Jun. 2024)


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What is Cimentas Izmir Cimento Fabrikasi Turk AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cimentas Izmir Cimento Fabrikasi Turk AS's Average Total Inventories for the three months ended in Jun. 2024 was ₺1,720 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's Cost of Goods Sold for the three months ended in Jun. 2024 was ₺2,436 Mil. Hence, Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory for the three months ended in Jun. 2024 was 64.41.

The historical rank and industry rank for Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory or its related term are showing as below:

IST:CMENT' s Days Inventory Range Over the Past 10 Years
Min: 28.71   Med: 61.81   Max: 78.93
Current: 43.21

During the past 13 years, Cimentas Izmir Cimento Fabrikasi Turk AS's highest Days Inventory was 78.93. The lowest was 28.71. And the median was 61.81.

IST:CMENT's Days Inventory is ranked better than
81.99% of 372 companies
in the Building Materials industry
Industry Median: 85.52 vs IST:CMENT: 43.21

Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory increased from Jun. 2023 (31.53) to Jun. 2024 (64.41). It might indicate that Cimentas Izmir Cimento Fabrikasi Turk AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cimentas Izmir Cimento Fabrikasi Turk AS's Inventory Turnover for the three months ended in Jun. 2024 was 1.42.

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. Cimentas Izmir Cimento Fabrikasi Turk AS's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.57.


Cimentas Izmir Cimento Fabrikasi Turk AS Days Inventory Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk 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.

Cimentas Izmir Cimento Fabrikasi Turk AS Days Inventory Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.93 46.33 48.37 28.71 44.33

Cimentas Izmir Cimento Fabrikasi Turk AS Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.53 50.88 20.80 54.54 64.41

Competitive Comparison of Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory

For the Building Materials subindustry, Cimentas Izmir Cimento Fabrikasi Turk 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.


Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory falls into.



Cimentas Izmir Cimento Fabrikasi Turk AS Days Inventory Calculation

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

Cimentas Izmir Cimento Fabrikasi Turk 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
=( (1040.023 + 1055.756) / 2 ) / 8627.431*365
=1047.8895 / 8627.431*365
=44.33

Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2024 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (1685.222 + 1753.838) / 2 ) / 2436.248*365 / 4
=1719.53 / 2436.248*365 / 4
=64.41

* 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.


Cimentas Izmir Cimento Fabrikasi Turk AS  (IST:CMENT) 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.

Cimentas Izmir Cimento Fabrikasi Turk AS's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

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.

Cimentas Izmir Cimento Fabrikasi Turk AS's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

* 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.


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.


Cimentas Izmir Cimento Fabrikasi Turk AS Days Inventory Related Terms

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


Cimentas Izmir Cimento Fabrikasi Turk AS Business Description

Traded in Other Exchanges
N/A
Address
Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070
Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

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