Net Holding AS (IST:NTHOL) Days Inventory: 14.44 (As of Mar. 2026) — 35% Below Median

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IST:NTHOL Net Holding AS IST:NTHOL
71 GF Score
Price ₺44.10
GF Value ₺56.10
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Net Holding AS Days Inventory?

Net Holding AS IST:NTHOL -2.00% 71 Days Inventory is 14.44 as of Mar. 2026, which is 35% below its 10-year median of 22.38. GuruFocus rates IST:NTHOL with a GF Score™ of 71/100 and a GF Value™ of ₺56.10 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 692 Travel & Leisure companies, Net Holding AS ranks better than 68.21% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Net Holding AS's Average Total Inventories for the three months ended in Mar. 2026 was ₺798 Mil. Net Holding AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺5,043 Mil. Hence, Net Holding AS's Days Inventory for the three months ended in Mar. 2026 was 14.44.

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

IST:NTHOL' s Days Inventory Range Over the Past 10 Years
Min: 9.69   Med: 22.38   Max: 34.19
Current: 10.95

During the past 13 years, Net Holding AS's highest Days Inventory was 34.19. The lowest was 9.69. And the median was 22.38.

IST:NTHOL's Days Inventory is ranked better than
68.21% of 692 companies
in the Travel & Leisure industry
Industry Median: 31.005 vs IST:NTHOL: 10.95

Net Holding AS's Days Inventory increased from Mar. 2025 (9.41) to Mar. 2026 (14.44). It might indicate that Net Holding AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Net Holding AS's Inventory Turnover for the three months ended in Mar. 2026 was 6.32.

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. Net Holding AS's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.12.


Net Holding AS  (IST:NTHOL) 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.

Net Holding AS's Inventory Turnover for the three months ended in Mar. 2026 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.

Net Holding AS's Inventory to Revenue for the three months ended in Mar. 2026 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.


Net Holding AS Days Inventory Related Terms


Net Holding AS Days Inventory Historical Data

* Premium members only.

The historical data trend for Net Holding 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.

Net Holding AS Days Inventory Chart

Net Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.95 13.91 15.57 9.69 13.03

Net Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 9.41 9.62 10.77 9.18 14.44

IST:NTHOL vs BKNG, ABNB, RCL: Days Inventory Comparison

For the Travel Services subindustry, Net Holding 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.


Net Holding AS Days Inventory vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Net Holding AS's Days Inventory falls into.


IST:NTHOL
71GF Score
Net Holding AS IST:NTHOL
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Net Holding AS Days Inventory Calculation

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

Net Holding AS's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (504.832 + 793.734) / 2 ) / 18185.27*365
=649.283 / 18185.27*365
=13.03

Net Holding AS's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (793.734 + 801.841) / 2 ) / 5043.055*365 / 4
=797.7875 / 5043.055*365 / 4
=14.44

* 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 14.44 mean?
Net Holding AS (IST:NTHOL) has a Days Inventory of 14.44 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Net Holding AS and its competitors. This is 35% below median its historical median of 22.38. Over the past decade, Net Holding AS's Days Inventory has ranged from 9.69 to 34.19. According to the industry distribution chart, Net Holding AS ranks #220 out of 692 companies in the Travel & Leisure industry, placing it in the top 31.8%.
Is Net Holding AS's Days Inventory too high?
Net Holding AS's current Days Inventory of 14.44 is 35% below median its 10-year median of 22.38. Over the past 10 years, this metric has ranged from a low of 9.69 to a high of 34.19. The Travel & Leisure industry median Days Inventory is 31.01. Net Holding AS's value of 14.44 is 53.4% below this industry median. Based on the distribution chart, Net Holding AS ranks #220 out of 692 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Net Holding AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's Days Inventory compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Net Holding AS ranks #220 out of 692 companies for Days Inventory. This puts Net Holding AS in the upper half of its industry. The industry median Days Inventory is 31.01. Net Holding AS's value of 14.44 is 53.4% below this benchmark. Historically, Net Holding AS's own Days Inventory has ranged from 9.69 to 34.19 over the past decade. While the company's 10-year median is 22.38 vs. the industry median of 31.01, Net Holding AS has consistently been below the industry average. 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 Travel & Leisure company?
The median Days Inventory among Travel & Leisure companies is 31.01, based on 692 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. Net Holding AS's current Days Inventory of 14.44 is 53.4% 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 Net Holding AS and its competitors. For the Travel & Leisure industry, the median Days Inventory is 31.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Holding AS's current Days Inventory is 14.44, which is 35% below median its own 10-year median of 22.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.10, compared to a current price of ₺44.10 — trading 21.4% below its estimated fair value. The current Days Inventory is 14.44, which is 35% below median its 10-year median of 22.38 and 53.4% below the Travel & Leisure industry median of 31.01. Net Holding AS's overall GF Score™ is 71/100 with 4 warning signs to review. 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 Net Holding AS (IST:NTHOL), the current Days Inventory is 14.44 as of Mar. 2026. 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.

Is Net Holding AS (IST:NTHOL) Overvalued in 2026?

Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued. The current stock price of ₺44.10 is trading 21.4% below its estimated GF Value™ of ₺56.10. GuruFocus considers Net Holding AS to be Modestly Undervalued.

Key valuation signals for IST:NTHOL:

  • Days Inventory: 14.44 (35% below median its 10-year median of 22.38)
  • GF Value™: ₺56.10 vs. price of ₺44.10 (21.4% below fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 53.4% below the Travel & Leisure median (#220 of 692)

No single metric tells the full story. See the IST:NTHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Net Holding AS Business Description

Address Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
71GF Score

Get the complete analysis for IST:NTHOL

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

₺44.10
Price
₺56.10
GF Value