Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Inventory Turnover : 2.21 (As of Dec. 2023)

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What is Izmir Fircanayi ve Ticaret 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. Izmir Fircanayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺89.2 Mil. Izmir Fircanayi ve Ticaret AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺40.3 Mil. Izmir Fircanayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Izmir Fircanayi ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 41.23.

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. Izmir Fircanayi ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Izmir Fircanayi ve Ticaret AS Inventory Turnover Historical Data

The historical data trend for Izmir Fircanayi ve Ticaret 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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Izmir Fircanayi ve Ticaret AS Inventory Turnover Chart

Izmir Fircanayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.25

1.85

2.24

3.68

3.67

Izmir Fircanayi ve Ticaret AS Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.62	0.65	1.04	1.51	2.21

Izmir Fircanayi ve Ticaret AS Inventory Turnover Calculation

Izmir Fircanayi ve Ticaret 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 )
=	237.361	/ (	(83.09	+	46.093)	/	2 )
=	237.361	/	64.5915
=	3.67

Izmir Fircanayi ve Ticaret 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 )
=	89.179	/ (	(34.496	+	46.093)	/	2 )
=	89.179	/	40.2945
=	2.21

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) 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.

Izmir Fircanayi ve Ticaret 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
	=	40.2945	/	89.179	*	365 / 4
	=	41.23

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.

Izmir Fircanayi ve Ticaret 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 )
	=	40.2945	/	131.643
	=	0.31

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.

Izmir Fircanayi ve Ticaret AS Inventory Turnover Related Terms

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Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Izmir Firca Sanayi ve Ticaret AS (IST:IZFAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10006. Sokak, No: 18 AOSB ZIP, Karsiyaka, Istanbul, TUR, 35620

Website

http://www.izmirfirca.com.tr

Izmir Firca Sanayi ve Ticaret A.S. provides products used in construction and cleaning the area for domestic and international market. The Company's products include bucket, cloth, stairs, brush, roll, garden cleaner and skerkel paint brush.

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