Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) Inventory Turnover : 0.74 (As of Sep. 2023)

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What is Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim 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. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺991 Mil. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Average Total Inventories for the quarter that ended in Sep. 2023 was ₺1,332 Mil. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory for the three months ended in Sep. 2023 was 122.69.

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. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.62.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Inventory Turnover Historical Data

The historical data trend for Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim 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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Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Inventory Turnover Chart

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.47

2.77

3.00

3.65

2.95

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.07	0.53	0.94	0.84	0.74

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Inventory Turnover Calculation

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2429.311	/ (	(464.167	+	1181.931)	/	2 )
=	2429.311	/	823.049
=	2.95

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	990.806	/ (	(1217.886	+	1446.5)	/	2 )
=	990.806	/	1332.193
=	0.74

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) 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.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	1332.193	/	990.806	*	365 / 4
	=	122.69

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.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	1332.193	/	2156.943
	=	0.62

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.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Inventory Turnover Related Terms

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Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Necatibey Cad. No :56/B, Demirtepe, Ankara, TUR

Website

http://www.ipekenerji.com.tr

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS is engaged in the gold mining. It operates seven mines in five regions. The company generates the majority of its revenue from the sale of gold bullion, followed by other revenue and the sale of silver bullion.

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