Kocaer Celiknayi ve Ticaret AS (IST:KCAER) Days Inventory : 91.54 (As of Jun. 2024)

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What is Kocaer Celiknayi ve Ticaret AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kocaer Celiknayi ve Ticaret AS's Average Total Inventories for the three months ended in Jun. 2024 was ₺3,062 Mil. Kocaer Celiknayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Jun. 2024 was ₺3,052 Mil. Hence, Kocaer Celiknayi ve Ticaret AS's Days Inventory for the three months ended in Jun. 2024 was 91.54.

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

IST:KCAER' s Days Inventory Range Over the Past 10 Years
Min: 35.85 Med: 61.02 Max: 76.46
Current: 67.72

During the past 5 years, Kocaer Celiknayi ve Ticaret AS's highest Days Inventory was 76.46. The lowest was 35.85. And the median was 61.02.

IST:KCAER's Days Inventory is ranked better than
63.05% of 590 companies
in the Steel industry
Industry Median: 87.47 vs IST:KCAER: 67.72

Kocaer Celiknayi ve Ticaret AS's Days Inventory increased from Jun. 2023 (43.85) to Jun. 2024 (91.54). It might indicate that Kocaer Celiknayi ve Ticaret AS's sales slowed down.

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. Kocaer Celiknayi ve Ticaret AS's Inventory Turnover for the three months ended in Jun. 2024 was 1.00.

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. Kocaer Celiknayi ve Ticaret AS's Inventory-to-Revenue for the three months ended in Jun. 2024 was 0.82.

Kocaer Celiknayi ve Ticaret AS Days Inventory Historical Data

The historical data trend for Kocaer Celiknayi 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.

* Premium members only.

Kocaer Celiknayi ve Ticaret AS Days Inventory Chart

Kocaer Celiknayi ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

65.06

61.02

48.57

35.85

76.46

Kocaer Celiknayi ve Ticaret AS Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial											43.85	66.64	45.74	86.73	91.54

Competitive Comparison of Kocaer Celiknayi ve Ticaret AS's Days Inventory

For the Steel subindustry, Kocaer Celiknayi 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.

Kocaer Celiknayi ve Ticaret AS's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kocaer Celiknayi ve Ticaret AS's Days Inventory distribution charts can be found below:

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

Kocaer Celiknayi ve Ticaret AS Days Inventory Calculation

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

Kocaer Celiknayi 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
=	( (2219.087	+	2861.205)	/	2 )	/	12126.253	*	365
=	2540.146					/	12126.253	*	365
=	76.46

Kocaer Celiknayi ve Ticaret 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
=	( (3151.621	+	2972.523)	/	2 )	/	3052.241	*	365 / 4
=	3062.072					/	3052.241	*	365 / 4
=	91.54

Kocaer Celiknayi ve Ticaret AS (IST:KCAER) 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.

Kocaer Celiknayi ve Ticaret AS's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3052.241	/	3062.072
	=	1.00

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.

Kocaer Celiknayi ve Ticaret AS's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3062.072	/	3720.444
	=	0.82

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.

Kocaer Celiknayi ve Ticaret AS Days Inventory Related Terms

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

Kocaer Celiknayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kocaer Celik Sanayi ve Ticaret AS (IST:KCAER) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeni Foca Yolu 3. km, Aliaga, Izmir, TUR

Website

https://www.kocaersteel.com

Kocaer Celik Sanayi ve Ticaret AS manufactures steed products. The company offers steel bars, angles, beams, rods, channels, profiles, and clamps.

Kocaer Celiknayi ve Ticaret AS Headlines

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