Mavi Giyimnayi ve Ticaret AS (IST:MAVI) Inventory Turnover : 0.86 (As of Jul. 2024)

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What is Mavi Giyimnayi 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. Mavi Giyimnayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Jul. 2024 was ₺3,636 Mil. Mavi Giyimnayi ve Ticaret AS's Average Total Inventories for the quarter that ended in Jul. 2024 was ₺4,219 Mil. Mavi Giyimnayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Jul. 2024 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mavi Giyimnayi ve Ticaret AS's Days Inventory for the three months ended in Jul. 2024 was 105.89.

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. Mavi Giyimnayi ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.57.

Mavi Giyimnayi ve Ticaret AS Inventory Turnover Historical Data

The historical data trend for Mavi Giyimnayi 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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Mavi Giyimnayi ve Ticaret AS Inventory Turnover Chart

Mavi Giyimnayi ve Ticaret AS Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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3.06

2.35

3.43

4.49

3.58

Mavi Giyimnayi ve Ticaret AS Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															1.48	0.80	2.02	1.07	0.86

Mavi Giyimnayi ve Ticaret AS Inventory Turnover Calculation

Mavi Giyimnayi ve Ticaret AS's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	13619.691	/ (	(4005.068	+	3609.344)	/	2 )
=	13619.691	/	3807.206
=	3.58

Mavi Giyimnayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	3636.072	/ (	(3748.663	+	4689.823)	/	2 )
=	3636.072	/	4219.243
=	0.86

Mavi Giyimnayi ve Ticaret AS (IST:MAVI) 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.

Mavi Giyimnayi ve Ticaret AS's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	4219.243	/	3636.072	*	365 / 4
	=	105.89

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.

Mavi Giyimnayi ve Ticaret AS's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	4219.243	/	7427.047
	=	0.57

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.

Mavi Giyimnayi ve Ticaret AS Inventory Turnover Related Terms

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Mavi Giyimnayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mavi Giyim Sanayi ve Ticaret AS (IST:MAVI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Sultan Selim Mahallesi Eski Buyukdere Caddesi No: 53, Kagithane, Istanbul, TUR, 34418

Website

http://www.mavicompany.com

Mavi Giyim Sanayi ve Ticaret AS is engaged in wholesale and retail sales of ready-to-wear denim apparel. Its product includes knit and woven shirts, t-shirts, sweaters, jackets, skirts, dresses, accessories and denim bottoms for men, women and children. It operates through wholesale, retail, and e-commerce segments.

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