Reeder Teknolojinayi ve Ticaret AS (IST:REEDR) Days Inventory : 222.00 (As of Mar. 2024)

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What is Reeder Teknolojinayi ve Ticaret AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Reeder Teknolojinayi ve Ticaret AS's Average Total Inventories for the three months ended in Mar. 2024 was ₺478 Mil. Reeder Teknolojinayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺197 Mil. Hence, Reeder Teknolojinayi ve Ticaret AS's Days Inventory for the three months ended in Mar. 2024 was 222.00.

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

IST:REEDR' s Days Inventory Range Over the Past 10 Years
Min: 18.89 Med: 19.56 Max: 106.01
Current: 106.01

During the past 3 years, Reeder Teknolojinayi ve Ticaret AS's highest Days Inventory was 106.01. The lowest was 18.89. And the median was 19.56.

IST:REEDR's Days Inventory is ranked worse than
53.35% of 2386 companies
in the Hardware industry
Industry Median: 98.86 vs IST:REEDR: 106.01

Reeder Teknolojinayi ve Ticaret AS's Days Inventory increased from Mar. 2023 (19.35) to Mar. 2024 (222.00). It might indicate that Reeder Teknolojinayi 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. Reeder Teknolojinayi ve Ticaret AS's Inventory Turnover for the three months ended in Mar. 2024 was 0.41.

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. Reeder Teknolojinayi ve Ticaret AS's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.99.

Reeder Teknolojinayi ve Ticaret AS Days Inventory Historical Data

The historical data trend for Reeder Teknolojinayi 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.

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Reeder Teknolojinayi ve Ticaret AS Days Inventory Chart

Reeder Teknolojinayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

20.92

18.89

19.56

Reeder Teknolojinayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial						19.35	71.38	38.81	49.06	222.00

Competitive Comparison of Reeder Teknolojinayi ve Ticaret AS's Days Inventory

For the Consumer Electronics subindustry, Reeder Teknolojinayi 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.

Reeder Teknolojinayi ve Ticaret AS's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Reeder Teknolojinayi ve Ticaret AS's Days Inventory distribution charts can be found below:

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

Reeder Teknolojinayi ve Ticaret AS Days Inventory Calculation

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

Reeder Teknolojinayi ve Ticaret AS's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (24.154	+	71.069)	/	2 )	/	888.608	*	365
=	47.6115					/	888.608	*	365
=	19.56

Reeder Teknolojinayi ve Ticaret AS's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (281.177	+	675.391)	/	2 )	/	196.595	*	365 / 4
=	478.284					/	196.595	*	365 / 4
=	222.00

Reeder Teknolojinayi ve Ticaret AS (IST:REEDR) 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.

Reeder Teknolojinayi ve Ticaret AS's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	196.595	/	478.284
	=	0.41

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.

Reeder Teknolojinayi ve Ticaret AS's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	478.284	/	482.357
	=	0.99

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.

Reeder Teknolojinayi ve Ticaret AS Days Inventory Related Terms

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

Reeder Teknolojinayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Reeder Teknoloji Sanayi ve Ticaret AS (IST:REEDR) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Incesu Mah., S?r?ncak Caddesi No:100, Atakum District, Samsun, TUR

Website

https://www.reeder.com.tr

Reeder Teknoloji Sanayi ve Ticaret AS is a company engaged in producing electronic products which are smart mobile phones, robot vacuum cleaner, smart watches, smart television and tablet. The company generates revenue by sales of mobile phones, tablets, robot vacuum cleaners, smart watches and accessories.

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