Ege Endustri ve Ticaret AS (IST:EGEEN) Days Inventory: 47.41 (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:EGEEN Ege Endustri ve Ticaret AS IST:EGEEN
5 GF Score
Price ₺5,592.50
View Full Analysis

What is Ege Endustri ve Ticaret AS Days Inventory?

Ege Endustri ve Ticaret AS IST:EGEEN +1.41% 5 Days Inventory is 47.41 as of Dec. 2023. GuruFocus rates IST:EGEEN with a GF Score™ of 5/100.

Days Inventory is also known as Days Sales of Inventory (DSI). Ege Endustri ve Ticaret AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺664 Mil. Ege Endustri ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,279 Mil. Hence, Ege Endustri ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 47.41.

The historical rank and industry rank for Ege Endustri ve Ticaret AS's Days Inventory or its related term are showing as below:

IST:EGEEN's Days Inventory is not ranked *
in the Vehicles & Parts industry.
Industry Median: 80.43
* Ranked among companies with meaningful Days Inventory only.

Ege Endustri ve Ticaret AS's Days Inventory increased from Dec. 2022 (23.25) to Dec. 2023 (47.41). It might indicate that Ege Endustri ve Ticaret AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ege Endustri ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 was 1.92.

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. Ege Endustri ve Ticaret AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.41.


Ege Endustri ve Ticaret AS  (IST:EGEEN) 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.

Ege Endustri ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 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.

Ege Endustri ve Ticaret AS's Inventory to Revenue for the three months ended in Dec. 2023 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.


Ege Endustri ve Ticaret AS Days Inventory Related Terms


Ege Endustri ve Ticaret AS Days Inventory Historical Data

* Premium members only.

The historical data trend for Ege Endustri ve Ticaret 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.

Ege Endustri ve Ticaret AS Days Inventory Chart

Ege Endustri ve Ticaret 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 88.93 117.25 115.27 48.69 83.55

Ege Endustri ve Ticaret AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 23.25 98.15 96.47 94.19 47.41

IST:EGEEN vs GPC, MBLY, APTV: Days Inventory Comparison

For the Auto Parts subindustry, Ege Endustri ve Ticaret 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.


Ege Endustri ve Ticaret AS Days Inventory vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ege Endustri ve Ticaret AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ege Endustri ve Ticaret AS's Days Inventory falls into.


IST:EGEEN
5GF Score
Ege Endustri ve Ticaret AS IST:EGEEN
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ege Endustri ve Ticaret AS Days Inventory Calculation

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

Ege Endustri ve Ticaret 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
=( (498.613 + 743.223) / 2 ) / 2712.511*365
=620.918 / 2712.511*365
=83.55

Ege Endustri ve Ticaret 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
=( (585.453 + 743.223) / 2 ) / 1278.74*365 / 4
=664.338 / 1278.74*365 / 4
=47.41

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 47.41 mean?
Ege Endustri ve Ticaret AS (IST:EGEEN) has a Days Inventory of 47.41 as of Dec. 2023. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ege Endustri ve Ticaret AS and its competitors.
Is Ege Endustri ve Ticaret AS's Days Inventory too high?
Ege Endustri ve Ticaret AS's current Days Inventory is 47.41. The Vehicles & Parts industry median Days Inventory is 80.43. Ege Endustri ve Ticaret AS's value of 47.41 is 41.1% below this industry median. Overall, Ege Endustri ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Ege Endustri ve Ticaret AS's Days Inventory compare to GPC and MBLY?
Ege Endustri ve Ticaret AS's Days Inventory of 47.41 can be compared against companies in the Vehicles & Parts industry. The industry median Days Inventory is 80.43. Ege Endustri ve Ticaret AS's value of 47.41 is 41.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Vehicles & Parts company?
The median Days Inventory among Vehicles & Parts companies is 80.43, based on 1,290 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ege Endustri ve Ticaret AS's current Days Inventory of 47.41 is 41.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ege Endustri ve Ticaret AS and its competitors. For the Vehicles & Parts industry, the median Days Inventory is 80.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ege Endustri ve Ticaret AS's current Days Inventory is 47.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ege Endustri ve Ticaret AS stock overvalued right now?
Ege Endustri ve Ticaret AS (IST:EGEEN) has a current Days Inventory of 47.41. The current Days Inventory is 47.41 and 41.1% below the Vehicles & Parts industry median of 80.43. Ege Endustri ve Ticaret AS's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Ege Endustri ve Ticaret AS (IST:EGEEN), the current Days Inventory is 47.41 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ege Endustri ve Ticaret AS Business Description

Address Kemalpaya Street No: 280, Pinarbasi, Izmir, TUR, 35060
Ege Endustri ve Ticaret AS is a Turkey-based axle manufacturer for the automotive industry. The products of the company consist of Fabricated Axle Housing, Rear Axles, Tag Axles, Trailer Axles, Self-Steering Tag Axle and Independent Front Suspension System among others.
5GF Score

Get the complete analysis for IST:EGEEN

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺5,592.50
Price