Qua Granite (IST:QUAGR) Days Inventory : 61.28 (As of Dec. 2023)

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What is Qua Granite Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Qua Granite's Average Total Inventories for the three months ended in Dec. 2023 was ₺1,826 Mil. Qua Granite's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,719 Mil. Hence, Qua Granite's Days Inventory for the three months ended in Dec. 2023 was 61.28.

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

IST:QUAGR' s Days Inventory Range Over the Past 10 Years
Min: 83.81 Med: 122.66 Max: 210
Current: 104.83

During the past 6 years, Qua Granite's highest Days Inventory was 210.00. The lowest was 83.81. And the median was 122.66.

IST:QUAGR's Days Inventory is ranked worse than
71.38% of 1394 companies
in the Construction industry
Industry Median: 49.18 vs IST:QUAGR: 104.83

Qua Granite's Days Inventory increased from Dec. 2022 (40.84) to Dec. 2023 (61.28). It might indicate that Qua Granite's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Qua Granite's Inventory Turnover for the three months ended in Dec. 2023 was 1.49.

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. Qua Granite's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.54.

Qua Granite Days Inventory Historical Data

The historical data trend for Qua Granite'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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Qua Granite Days Inventory Chart

Qua Granite Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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136.06

93.23

120.98

83.81

124.34

Qua Granite Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial												40.84	170.18	121.47	120.32	61.28

Competitive Comparison of Qua Granite's Days Inventory

For the Building Products & Equipment subindustry, Qua Granite'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.

Qua Granite's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Qua Granite's Days Inventory distribution charts can be found below:

* The bar in red indicates where Qua Granite's Days Inventory falls into.

Qua Granite Days Inventory Calculation

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

Qua Granite'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
=	( (1821.105	+	2073.391)	/	2 )	/	5716.015	*	365
=	1947.248					/	5716.015	*	365
=	124.34

Qua Granite'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
=	( (1579.155	+	2073.391)	/	2 )	/	2719.246	*	365 / 4
=	1826.273					/	2719.246	*	365 / 4
=	61.28

Qua Granite (IST:QUAGR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2719.246	/	1826.273
	=	1.49

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1826.273	/	3394.411
	=	0.54

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.

Qua Granite Days Inventory Related Terms

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

Qua Granite (IST:QUAGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Qua Granite (IST:QUAGR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soke Organize Sanayi Bölgesi Mah, 4. Sokak No. 1 Söke, Aydin, TUR

Website

https://www.qua.com.tr

Qua Granite is involved in the activity of production and sale of ceramics tiles, floor tiles, granite and other faience materials.

Qua Granite (IST:QUAGR) Headlines

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