Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Akfen Gayrimenkul Yatirim Ortakligi Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Akfen Gayrimenkul Yatirim Ortakligi's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺15 Mil. Akfen Gayrimenkul Yatirim Ortakligi's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Akfen Gayrimenkul Yatirim Ortakligi's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Akfen Gayrimenkul Yatirim Ortakligi's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Akfen Gayrimenkul Yatirim Ortakligi Inventory Turnover Historical Data

The historical data trend for Akfen Gayrimenkul Yatirim Ortakligi's Inventory Turnover 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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Akfen Gayrimenkul Yatirim Ortakligi Inventory Turnover Chart

Akfen Gayrimenkul Yatirim Ortakligi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.29

4.54

18.78

87.22

61.78

Akfen Gayrimenkul Yatirim Ortakligi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															53.12	13.58	28.30	-	-

Akfen Gayrimenkul Yatirim Ortakligi Inventory Turnover Calculation

Akfen Gayrimenkul Yatirim Ortakligi's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	37.686	/ (	(0.61	+	0)	/	1 )
=	37.686	/	0.61
=	61.78

Akfen Gayrimenkul Yatirim Ortakligi's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	15.278	/ (	(0	+	0)	/	1 )
=	15.278	/	0
=	N/A

Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Akfen Gayrimenkul Yatirim Ortakligi's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	15.278	*	365 / 4
	=	0.00

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.

Akfen Gayrimenkul Yatirim Ortakligi's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	447.974
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Akfen Gayrimenkul Yatirim Ortakligi Inventory Turnover Related Terms

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Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Akfen Gayrimenkul Yatirim Ortakligi (IST:AKFGY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Loft, Büyükdere Cad. No:201, C Blok Kat 8, Istanbul, TUR

Website

http://www.akfengyo.com.tr

Akfen Gayrimenkul Yatirim Ortakligi is a real estate investment trust. The group's main operations and activities are investing in real estates, real estate projects, and real estate-based capital markets instruments and to create and develop a real estate portfolio. The group is mainly developing hotels with Ibis Hotel and Novotel trademarks and leasing the hotels to Tamaris Turizm A.S. It is organized geographically across three principal operating segments: Turkey, Northern Cyprus, and Russia. Geographically the company receives maximum revenue from Turkey.

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