Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) Inventory Turnover : 2.00 (As of Dec. 2023)

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What is Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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. Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺3,025 Mil. Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺1,515 Mil. Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS's Days Inventory for the three months ended in Dec. 2023 was 45.70.

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. Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.39.

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Inventory Turnover Historical Data

The historical data trend for Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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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Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Inventory Turnover Chart

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.11

2.69

2.68

4.52

3.01

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							2.63	0.57	0.83	0.86	2.00

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Inventory Turnover Calculation

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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 )
=	5870.922	/ (	(2178.774	+	1721.161)	/	2 )
=	5870.922	/	1949.9675
=	3.01

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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 )
=	3025.178	/ (	(1309.175	+	1721.161)	/	2 )
=	3025.178	/	1515.168
=	2.00

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) 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.

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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
	=	1515.168	/	3025.178	*	365 / 4
	=	45.70

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.

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi 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 )
	=	1515.168	/	3919.48
	=	0.39

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.

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS Inventory Turnover Related Terms

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Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS (IST:GOKNR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Erler Mahallesi 2716. Cadde No:11, Etimesgut, Ankara, TUR

Website

https://www.goknur.com.tr

Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS produces packaged food products. The firm's product offerings comprise canned fruits and vegetables, juices, puree concentrate, Dried Seeds, Natural Peel Oils, Natural Fruit FTNF, Fresh Fruits, and deionized products.

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