Altinkilic Gida ve Sutnayi Ticaret AS (IST:ALKLC) Inventory Turnover : 0.63 (As of Dec. 2024)

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What is Altinkilic Gida ve Sutnayi 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. Altinkilic Gida ve Sutnayi Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2024 was ₺633 Mil. Altinkilic Gida ve Sutnayi Ticaret AS's Average Total Inventories for the quarter that ended in Dec. 2024 was ₺1,007 Mil. Altinkilic Gida ve Sutnayi Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Altinkilic Gida ve Sutnayi Ticaret AS's Days Inventory for the three months ended in Dec. 2024 was 145.16.

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. Altinkilic Gida ve Sutnayi Ticaret AS's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.12.

Altinkilic Gida ve Sutnayi Ticaret AS Inventory Turnover Historical Data

The historical data trend for Altinkilic Gida ve Sutnayi 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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Altinkilic Gida ve Sutnayi Ticaret AS Inventory Turnover Chart

Altinkilic Gida ve Sutnayi Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

2.36

3.42

3.51

2.31

Altinkilic Gida ve Sutnayi Ticaret AS Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial			-	0.60	0.60	0.52	0.63

Altinkilic Gida ve Sutnayi Ticaret AS Inventory Turnover Calculation

Altinkilic Gida ve Sutnayi Ticaret AS's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	2224.966	/ (	(832.148	+	1093.762)	/	2 )
=	2224.966	/	962.955
=	2.31

Altinkilic Gida ve Sutnayi Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	632.963	/ (	(920.115	+	1093.762)	/	2 )
=	632.963	/	1006.9385
=	0.63

Altinkilic Gida ve Sutnayi Ticaret AS (IST:ALKLC) 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.

Altinkilic Gida ve Sutnayi Ticaret AS's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1006.9385	/	632.963	*	365 / 4
	=	145.16

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.

Altinkilic Gida ve Sutnayi Ticaret AS's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1006.9385	/	895.15
	=	1.12

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.

Altinkilic Gida ve Sutnayi Ticaret AS Inventory Turnover Related Terms

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Altinkilic Gida ve Sutnayi Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Altinkilic Gida ve Sut Sanayi Ticaret AS (IST:ALKLC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Customs Pier Street 12th Street No:77, Kocatepe district Mega Center A Block, Bayrampasa, Istanbul, TUR

Website

https://www.altinkilic.com

Altinkilic Gida ve Sut Sanayi Ticaret AS is a Company that operates in the fields of manufacturing, packaging, purchasing, selling, wholesale and retail marketing, import and export of all kinds of milk and dairy products. Its main activity is cig milk Jemini which processes the supplied milk into products. The company is active in the milk and dairy products sector and sells and markets products such as kefir, kefir yogurt, cheese group, cheesecolata, and cream.

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