Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Inventory Turnover : 2.06 (As of Dec. 2023)

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What is Alfa Solar Enerjinayi Ve Ticaret AS 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. Alfa Solar Enerjinayi Ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,879 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺1,396 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alfa Solar Enerjinayi Ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 44.26.

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. Alfa Solar Enerjinayi Ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

Alfa Solar Enerjinayi Ve Ticaret AS Inventory Turnover Historical Data

The historical data trend for Alfa Solar Enerjinayi Ve Ticaret AS'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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Alfa Solar Enerjinayi Ve Ticaret AS Inventory Turnover Chart

Alfa Solar Enerjinayi Ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

17.03

9.40

4.36

7.14

5.69

Alfa Solar Enerjinayi Ve Ticaret AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							3.05	1.50	1.15	0.86	2.06

Alfa Solar Enerjinayi Ve Ticaret AS Inventory Turnover Calculation

Alfa Solar Enerjinayi Ve Ticaret AS'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 )
=	6123.487	/ (	(794.061	+	1357.632)	/	2 )
=	6123.487	/	1075.8465
=	5.69

Alfa Solar Enerjinayi Ve Ticaret AS'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 )
=	2878.69	/ (	(1434.778	+	1357.632)	/	2 )
=	2878.69	/	1396.205
=	2.06

Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) 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.

Alfa Solar Enerjinayi Ve Ticaret AS'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
	=	1396.205	/	2878.69	*	365 / 4
	=	44.26

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.

Alfa Solar Enerjinayi Ve Ticaret AS'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 )
	=	1396.205	/	3412.208
	=	0.41

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.

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Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alfa Solar Enerji Sanayi Ve Ticaret AS (IST:ALFAS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Balgat Mahallesi Mevlana Boulevard, No 139/A, Floor 9, Apartment No: 31, Yelken Plaza, Cankaya, Ankara, TUR

Website

https://www.alfasolarenerji.com

Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels.

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