Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) Inventory Turnover: 1.84 (As of Dec. 2023)


IST:BAGFS Bagfas Bandirma Gubre Fabrikalari AS IST:BAGFS
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What is Bagfas Bandirma Gubre Fabrikalari AS Inventory Turnover?

Bagfas Bandirma Gubre Fabrikalari AS IST:BAGFS -1.04% 5 Inventory Turnover is 1.84 as of Dec. 2023. GuruFocus rates IST:BAGFS with a GF Score™ of 5/100.

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. Bagfas Bandirma Gubre Fabrikalari AS's Cost of Goods Sold for the six months ended in Dec. 2023 was ₺3,593 Mil. Bagfas Bandirma Gubre Fabrikalari AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺1,956 Mil. Bagfas Bandirma Gubre Fabrikalari AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bagfas Bandirma Gubre Fabrikalari AS's Days Inventory for the six months ended in Dec. 2023 was 99.36.

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. Bagfas Bandirma Gubre Fabrikalari AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.68.

Bagfas Bandirma Gubre Fabrikalari AS  (IST:BAGFS) 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.

Bagfas Bandirma Gubre Fabrikalari AS's Days Inventory for the six 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
=1956.1615/3593.01*365 / 2
=99.36

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.

Bagfas Bandirma Gubre Fabrikalari 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 )
=1956.1615 / 2881.875
=0.68

* 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.

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.

Bagfas Bandirma Gubre Fabrikalari AS Inventory Turnover Related Terms

Bagfas Bandirma Gubre Fabrikalari AS Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Bagfas Bandirma Gubre Fabrikalari 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.

Bagfas Bandirma Gubre Fabrikalari AS Inventory Turnover Chart

Bagfas Bandirma Gubre Fabrikalari AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 4.78 2.81 3.58 1.84

Bagfas Bandirma Gubre Fabrikalari AS Semi-Annual Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.76 4.78 2.81 3.58 1.84
IST:BAGFS
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Bagfas Bandirma Gubre Fabrikalari AS IST:BAGFS
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Bagfas Bandirma Gubre Fabrikalari AS Inventory Turnover Calculation

Bagfas Bandirma Gubre Fabrikalari 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 )
=3593.01 / ((2649.967 + 1262.356) / 2 )
=3593.01 / 1956.1615
=1.84

Bagfas Bandirma Gubre Fabrikalari 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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=3593.01 / ((2649.967 + 1262.356) / 2 )
=3593.01 / 1956.1615
=1.84

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.84 mean?
Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) has a Inventory Turnover of 1.84 as of Dec. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bagfas Bandirma Gubre Fabrikalari AS and its competitors.
Is Bagfas Bandirma Gubre Fabrikalari AS's Inventory Turnover too high?
Bagfas Bandirma Gubre Fabrikalari AS's current Inventory Turnover is 1.84. Overall, Bagfas Bandirma Gubre Fabrikalari AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Bagfas Bandirma Gubre Fabrikalari AS's Inventory Turnover compare to CTVA and CF?
Bagfas Bandirma Gubre Fabrikalari AS's Inventory Turnover of 1.84 can be compared against companies in the Agriculture industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Agriculture company?
A good Inventory Turnover depends on the Agriculture industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Bagfas Bandirma Gubre Fabrikalari AS and its competitors. Bagfas Bandirma Gubre Fabrikalari AS's current Inventory Turnover is 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bagfas Bandirma Gubre Fabrikalari AS stock overvalued right now?
Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS) has a current Inventory Turnover of 1.84. The current Inventory Turnover is 1.84. Bagfas Bandirma Gubre Fabrikalari AS's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Bagfas Bandirma Gubre Fabrikalari AS (IST:BAGFS), the current Inventory Turnover is 1.84 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Bagfas Bandirma Gubre Fabrikalari AS Business Description

Address Susam Street No. 2, Kylycali Paya Neighborhood, Istanbul, TUR
Bagfas Bandirma Gubre Fabrikalari AS is a Turkey-based company involved in the business of chemical fertilizers and acids. The product portfolio of the company includes Super Granule CAN, Sulphur Composite Fertilizer, Sulphur Zinc Composite Fertilizer, Special Formulations, Phosphoric Acid, and Other specialty products.
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