CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) Inventory Turnover : 1.50 (As of Mar. 2024)

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What is CarrefourSA Carrefourbanci Ticaret Merkezi 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. CarrefourSA Carrefourbanci Ticaret Merkezi AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺9,274 Mil. CarrefourSA Carrefourbanci Ticaret Merkezi AS's Average Total Inventories for the quarter that ended in Mar. 2024 was ₺6,168 Mil. CarrefourSA Carrefourbanci Ticaret Merkezi AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CarrefourSA Carrefourbanci Ticaret Merkezi AS's Days Inventory for the three months ended in Mar. 2024 was 60.70.

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. CarrefourSA Carrefourbanci Ticaret Merkezi AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.52.

CarrefourSA Carrefourbanci Ticaret Merkezi AS Inventory Turnover Historical Data

The historical data trend for CarrefourSA Carrefourbanci Ticaret Merkezi 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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CarrefourSA Carrefourbanci Ticaret Merkezi AS Inventory Turnover Chart

CarrefourSA Carrefourbanci Ticaret Merkezi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.51

6.31

5.38

9.18

6.81

CarrefourSA Carrefourbanci Ticaret Merkezi AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.07	1.57	1.69	3.23	1.50

CarrefourSA Carrefourbanci Ticaret Merkezi AS Inventory Turnover Calculation

CarrefourSA Carrefourbanci Ticaret Merkezi 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 )
=	35217.219	/ (	(4909.785	+	5435.854)	/	2 )
=	35217.219	/	5172.8195
=	6.81

CarrefourSA Carrefourbanci Ticaret Merkezi AS's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	9273.667	/ (	(5435.854	+	6901.128)	/	2 )
=	9273.667	/	6168.491
=	1.50

CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) 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.

CarrefourSA Carrefourbanci Ticaret Merkezi AS's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	6168.491	/	9273.667	*	365 / 4
	=	60.70

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.

CarrefourSA Carrefourbanci Ticaret Merkezi AS's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	6168.491	/	11939.426
	=	0.52

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.

CarrefourSA Carrefourbanci Ticaret Merkezi AS Inventory Turnover Related Terms

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CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (IST:CRFSA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Cevizli Mahallesi, Tugay Yolu Caddesi No:67 A, B Blok Maltepe, Istanbul, TUR, 34752

Website

https://www.carrefoursa.com

CarrefourSA Carrefour Sabanci Ticaret Merkezi AS operate in the hypermarket and supermarket sectors in Turkey. The company is a retailer of food, household items, and consumer goods and operates in the form of hypermarkets and supermarkets. The Company's revenue is comprises of retail sales and income from sublease.

CarrefourSA Carrefourbanci Ticaret Merkezi AS (IST:CRFSA) Headlines

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