Grainturk Holding AS (IST:GRTHO) Inventory Turnover : 1.00 (As of Sep. 2024)

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What is Grainturk Holding 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. Grainturk Holding AS's Cost of Goods Sold for the three months ended in Sep. 2024 was ₺620 Mil. Grainturk Holding AS's Average Total Inventories for the quarter that ended in Sep. 2024 was ₺619 Mil. Grainturk Holding AS's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grainturk Holding AS's Days Inventory for the three months ended in Sep. 2024 was 91.19.

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. Grainturk Holding AS's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.81.

Grainturk Holding AS Inventory Turnover Historical Data

The historical data trend for Grainturk Holding 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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Grainturk Holding AS Inventory Turnover Chart

Grainturk Holding AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.03

1.73

1.86

2.89

Grainturk Holding AS Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial								2.63	-0.95	0.30	0.67	1.00

Grainturk Holding AS Inventory Turnover Calculation

Grainturk Holding 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 )
=	1630.27	/ (	(656.612	+	472.041)	/	2 )
=	1630.27	/	564.3265
=	2.89

Grainturk Holding AS's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	619.557	/ (	(674.383	+	563.86)	/	2 )
=	619.557	/	619.1215
=	1.00

Grainturk Holding AS (IST:GRTHO) 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.

Grainturk Holding AS's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	619.1215	/	619.557	*	365 / 4
	=	91.19

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.

Grainturk Holding AS's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	619.1215	/	763.906
	=	0.81

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.

Grainturk Holding AS Inventory Turnover Related Terms

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Grainturk Holding AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grainturk Holding AS (IST:GRTHO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330

Website

https://www.grainturk.com

Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.

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