Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) Inventory Turnover : 1.34 (As of Dec. 2023)

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What is Deniz Gayrimenkul Yatirim Ortakligi 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. Deniz Gayrimenkul Yatirim Ortakligi AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺471.2 Mil. Deniz Gayrimenkul Yatirim Ortakligi AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺352.9 Mil. Deniz Gayrimenkul Yatirim Ortakligi AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Deniz Gayrimenkul Yatirim Ortakligi AS's Days Inventory for the three months ended in Dec. 2023 was 68.35.

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. Deniz Gayrimenkul Yatirim Ortakligi AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.97.

Deniz Gayrimenkul Yatirim Ortakligi AS Inventory Turnover Historical Data

The historical data trend for Deniz Gayrimenkul Yatirim Ortakligi 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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Deniz Gayrimenkul Yatirim Ortakligi AS Inventory Turnover Chart

Deniz Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.01

0.52

0.56

1.75

1.03

Deniz Gayrimenkul Yatirim Ortakligi 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															1.36	0.09	0.08	0.43	1.34

Deniz Gayrimenkul Yatirim Ortakligi AS Inventory Turnover Calculation

Deniz Gayrimenkul Yatirim Ortakligi 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 )
=	683.191	/ (	(898.64	+	428.665)	/	2 )
=	683.191	/	663.6525
=	1.03

Deniz Gayrimenkul Yatirim Ortakligi 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 )
=	471.158	/ (	(277.158	+	428.665)	/	2 )
=	471.158	/	352.9115
=	1.34

Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) 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.

Deniz Gayrimenkul Yatirim Ortakligi 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
	=	352.9115	/	471.158	*	365 / 4
	=	68.35

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.

Deniz Gayrimenkul Yatirim Ortakligi 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 )
	=	352.9115	/	362.713
	=	0.97

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.

Deniz Gayrimenkul Yatirim Ortakligi AS Inventory Turnover Related Terms

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Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Deniz Gayrimenkul Yatirim Ortakligi AS (IST:DZGYO) » Definitions » Inventory Turnover

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Address

Büyükdere Caddesi No.106, Esentepe, Istanbul, TUR, 34394

Website

http://www.denizgyo.com.tr

Deniz Gayrimenkul Yatirim Ortakligi AS operates as a capital market institution. The company exports its shares to operate its portfolio consisting of real estates, real estate projects, real estate based rights, capital market instruments and other assets. Its portfolio of investments includes Bahcesehir shopping mall, Goksu shopping mall, Metrokent center shopping mall, Metrokent education buildings, and Karakoy building.

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