Isbir Holding AS (IST:ISBIR) Inventory Turnover: 2.68 (As of Sep. 2013)

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What is Isbir Holding AS Inventory Turnover?

Isbir Holding AS IST:ISBIR -1.31% Inventory Turnover is 2.68 as of Sep. 2013.

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. Isbir Holding AS's Cost of Goods Sold for the six months ended in Sep. 2013 was ₺142.5 Mil. Isbir Holding AS's Average Total Inventories for the quarter that ended in Sep. 2013 was ₺53.2 Mil. Isbir Holding AS's Inventory Turnover for the quarter that ended in Sep. 2013 was 2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Isbir Holding AS's Days Inventory for the six months ended in Sep. 2013 was 68.10.

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. Isbir Holding AS's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.31.

Isbir Holding AS  (IST:ISBIR) 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.

Isbir Holding AS's Days Inventory for the six months ended in Sep. 2013 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2013 )/Cost of Goods Sold (Q: Sep. 2013 )*Days in Period
=53.1835/142.519*365 / 2
=68.10

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.

Isbir Holding AS's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2013 ) / Revenue (Q: Sep. 2013 )
=53.1835 / 172.06
=0.31

* 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.

Isbir Holding AS Inventory Turnover Related Terms

Isbir Holding AS Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Isbir 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.

Isbir Holding AS Inventory Turnover Chart

Isbir Holding AS Annual Data
Trend Mar12 Mar13
Inventory Turnover
7.72 2.79

Isbir Holding AS Semi-Annual Data
Mar12 Sep12 Mar13 Sep13
Inventory Turnover 0.00 3.85 -1.08 2.68

Isbir Holding AS Inventory Turnover Calculation

Isbir Holding AS's Inventory Turnover for the fiscal year that ended in Mar. 2013 is calculated as

Inventory Turnover (A: Mar. 2013 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2013 ) / ((Total Inventories (A: Mar. 2012 ) + Total Inventories (A: Mar. 2013 )) / count )
=156.661 / ((57.596 + 54.65) / 2 )
=156.661 / 56.123
=2.79

Isbir Holding AS's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

Inventory Turnover (Q: Sep. 2013 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2013 ) / ((Total Inventories (Q: Mar. 2013 ) + Total Inventories (Q: Sep. 2013 )) / count )
=142.519 / ((54.65 + 51.717) / 2 )
=142.519 / 53.1835
=2.68

* 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 2.68 mean?
Isbir Holding AS (IST:ISBIR) has a Inventory Turnover of 2.68 as of Sep. 2013. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Isbir Holding AS and its competitors.
Is Isbir Holding AS's Inventory Turnover too high?
Isbir Holding AS's current Inventory Turnover is 2.68.
How does Isbir Holding AS's Inventory Turnover compare to LZB and AMWD?
Isbir Holding AS's Inventory Turnover of 2.68 can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Inventory Turnover depends on the Furnishings, Fixtures & Appliances 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 Isbir Holding AS and its competitors. Isbir Holding AS's current Inventory Turnover is 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Isbir Holding AS stock overvalued right now?
Isbir Holding AS (IST:ISBIR) has a current Inventory Turnover of 2.68. The current Inventory Turnover is 2.68. 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 Isbir Holding AS (IST:ISBIR), the current Inventory Turnover is 2.68 as of Sep. 2013. 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.

Isbir Holding AS Business Description

Address Ataturk Boulevard No 169/54, Cankaya, Ankara, TUR, 6680
Isbir Holding AS is a holding company. Along with its subsidiaries, the company manufactures mattresses. Its product includes home textiles, baby products, sofa and bed series among others.