Grainturk Tarim (IST:GRTRK) Days Inventory : 43.60 (As of Dec. 2023)

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What is Grainturk Tarim Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Grainturk Tarim's Average Total Inventories for the three months ended in Dec. 2023 was ₺453 Mil. Grainturk Tarim's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺948 Mil. Hence, Grainturk Tarim's Days Inventory for the three months ended in Dec. 2023 was 43.60.

The historical rank and industry rank for Grainturk Tarim's Days Inventory or its related term are showing as below:

IST:GRTRK' s Days Inventory Range Over the Past 10 Years
Min: 64.71 Med: 110.34 Max: 174.53
Current: 91.65

During the past 4 years, Grainturk Tarim's highest Days Inventory was 174.53. The lowest was 64.71. And the median was 110.34.

IST:GRTRK's Days Inventory is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 82.1 vs IST:GRTRK: 91.65

Grainturk Tarim's Days Inventory declined from Dec. 2022 (98.40) to Dec. 2023 (43.60).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grainturk Tarim's Inventory Turnover for the three months ended in Dec. 2023 was 2.09.

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. Grainturk Tarim's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.37.

Grainturk Tarim Days Inventory Historical Data

The historical data trend for Grainturk Tarim'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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Grainturk Tarim Days Inventory Chart

Grainturk Tarim Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

64.71

105.86

174.53

114.82

Grainturk Tarim Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial					98.40	237.05	256.13	69.52	43.60

Competitive Comparison of Grainturk Tarim's Days Inventory

For the Farm Products subindustry, Grainturk Tarim'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.

Grainturk Tarim's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grainturk Tarim's Days Inventory distribution charts can be found below:

* The bar in red indicates where Grainturk Tarim's Days Inventory falls into.

Grainturk Tarim Days Inventory Calculation

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

Grainturk Tarim'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
=	( (656.612	+	472.041)	/	2 )	/	1793.857	*	365
=	564.3265					/	1793.857	*	365
=	114.82

Grainturk Tarim'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
=	( (433.63	+	472.041)	/	2 )	/	947.712	*	365 / 4
=	452.8355					/	947.712	*	365 / 4
=	43.60

Grainturk Tarim (IST:GRTRK) 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.

Grainturk Tarim's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	947.712	/	452.8355
	=	2.09

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.

Grainturk Tarim's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	452.8355	/	1240.068
	=	0.37

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.

Grainturk Tarim Days Inventory Related Terms

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

Grainturk Tarim (IST:GRTRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grainturk Tarim (IST:GRTRK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330

Website

https://www.grainturk.com

Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.

Grainturk Tarim (IST:GRTRK) Headlines

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