Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Inventory Turnover : 4.39 (As of Dec. 2023)

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What is Cimentas Izmir Cimento Fabrikasi Turk 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. Cimentas Izmir Cimento Fabrikasi Turk AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺4,357 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺993 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cimentas Izmir Cimento Fabrikasi Turk AS's Days Inventory for the three months ended in Dec. 2023 was 20.80.

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. Cimentas Izmir Cimento Fabrikasi Turk AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

Cimentas Izmir Cimento Fabrikasi Turk AS Inventory Turnover Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk 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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Cimentas Izmir Cimento Fabrikasi Turk AS Inventory Turnover Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.62

7.88

7.55

12.71

8.23

Cimentas Izmir Cimento Fabrikasi Turk AS 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															6.57	1.36	1.50	1.79	4.39

Cimentas Izmir Cimento Fabrikasi Turk AS Inventory Turnover Calculation

Cimentas Izmir Cimento Fabrikasi Turk 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 )
=	8627.431	/ (	(1040.023	+	1055.756)	/	2 )
=	8627.431	/	1047.8895
=	8.23

Cimentas Izmir Cimento Fabrikasi Turk 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 )
=	4357.056	/ (	(930.204	+	1055.756)	/	2 )
=	4357.056	/	992.98
=	4.39

Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) 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.

Cimentas Izmir Cimento Fabrikasi Turk 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
	=	992.98	/	4357.056	*	365 / 4
	=	20.80

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.

Cimentas Izmir Cimento Fabrikasi Turk 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 )
	=	992.98	/	4805.934
	=	0.21

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.

Cimentas Izmir Cimento Fabrikasi Turk AS Inventory Turnover Related Terms

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Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) » Definitions » Inventory Turnover

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Address

Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.cimentas.com.tr

Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

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