Diriteks Dirilis Tekstilnayi ve Ticaret AS (IST:DIRIT) Inventory Turnover: 2.02 (As of Dec. 2021)


IST:DIRIT Diriteks Dirilis Tekstil Sanayi ve Ticaret AS IST:DIRIT
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What is Diriteks Dirilis Tekstilnayi ve Ticaret AS Inventory Turnover?

Diriteks Dirilis Tekstilnayi ve Ticaret AS IST:DIRIT -0.77% 5 Inventory Turnover is 2.02 as of Dec. 2021. GuruFocus rates IST:DIRIT 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. Diriteks Dirilis Tekstilnayi ve Ticaret AS's Cost of Goods Sold for the six months ended in Dec. 2021 was ₺18.06 Mil. Diriteks Dirilis Tekstilnayi ve Ticaret AS's Average Total Inventories for the quarter that ended in Dec. 2021 was ₺8.93 Mil. Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2021 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Diriteks Dirilis Tekstilnayi ve Ticaret AS's Days Inventory for the six months ended in Dec. 2021 was 90.21.

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. Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Dec. 2021 was 0.43.

Diriteks Dirilis Tekstilnayi ve Ticaret AS  (IST:DIRIT) 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.

Diriteks Dirilis Tekstilnayi ve Ticaret AS's Days Inventory for the six months ended in Dec. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2021 )/Cost of Goods Sold (Q: Dec. 2021 )*Days in Period
=8.925/18.056*365 / 2
=90.21

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.

Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory to Revenue for the quarter that ended in Dec. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2021 ) / Revenue (Q: Dec. 2021 )
=8.925 / 20.71
=0.43

* 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.

Diriteks Dirilis Tekstilnayi ve Ticaret AS Inventory Turnover Related Terms

Diriteks Dirilis Tekstilnayi ve Ticaret AS Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Diriteks Dirilis Tekstilnayi 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.

Diriteks Dirilis Tekstilnayi ve Ticaret AS Inventory Turnover Chart

Diriteks Dirilis Tekstilnayi ve Ticaret AS Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.61 2.39 0.51 2.02

Diriteks Dirilis Tekstilnayi ve Ticaret AS Semi-Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.61 1.61 2.39 0.51 2.02
IST:DIRIT
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Diriteks Dirilis Tekstil Sanayi ve Ticaret AS IST:DIRIT
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Diriteks Dirilis Tekstilnayi ve Ticaret AS Inventory Turnover Calculation

Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Inventory Turnover (A: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2021 ) / ((Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count )
=18.056 / ((0 + 8.925) / 1 )
=18.056 / 8.925
=2.02

Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2021 is calculated as

Inventory Turnover (Q: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2021 ) / ((Total Inventories (Q: Dec. 2020 ) + Total Inventories (Q: Dec. 2021 )) / count )
=18.056 / ((0 + 8.925) / 1 )
=18.056 / 8.925
=2.02

* 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 2.02 mean?
Diriteks Dirilis Tekstilnayi ve Ticaret AS (IST:DIRIT) has a Inventory Turnover of 2.02 as of Dec. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Diriteks Dirilis Tekstilnayi ve Ticaret AS and its competitors.
Is Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory Turnover too high?
Diriteks Dirilis Tekstilnayi ve Ticaret AS's current Inventory Turnover is 2.02. Overall, Diriteks Dirilis Tekstilnayi ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory Turnover compare to AIN?
Diriteks Dirilis Tekstilnayi ve Ticaret AS's Inventory Turnover of 2.02 can be compared against companies in the Manufacturing - Apparel & Accessories 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 a Manufacturing - Apparel & Accessories company?
A good Inventory Turnover depends on the Manufacturing - Apparel & Accessories 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 Diriteks Dirilis Tekstilnayi ve Ticaret AS and its competitors. Diriteks Dirilis Tekstilnayi ve Ticaret AS's current Inventory Turnover is 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diriteks Dirilis Tekstilnayi ve Ticaret AS stock overvalued right now?
Diriteks Dirilis Tekstilnayi ve Ticaret AS (IST:DIRIT) has a current Inventory Turnover of 2.02. The current Inventory Turnover is 2.02. Diriteks Dirilis Tekstilnayi ve Ticaret 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 Diriteks Dirilis Tekstilnayi ve Ticaret AS (IST:DIRIT), the current Inventory Turnover is 2.02 as of Dec. 2021. 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.

Diriteks Dirilis Tekstilnayi ve Ticaret AS Business Description

Address Suleyman Demirel Organize Sanayi Bolgesi, 114 Caddesi No. 4, Isparta, TUR
Diriteks Dirilis Tekstil Sanayi ve Ticaret AS is a textile manufacturing company. Its brands include Dirivizon, Dirigold, Roseland. The group sells its product through domestic dealers and abroad through distributers.
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