Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Merit Turizm Yatirim ve Isletme 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. Merit Turizm Yatirim ve Isletme AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺6.8 Mil. Merit Turizm Yatirim ve Isletme AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Merit Turizm Yatirim ve Isletme AS's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. Merit Turizm Yatirim ve Isletme AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Merit Turizm Yatirim ve Isletme AS Inventory Turnover Historical Data

The historical data trend for Merit Turizm Yatirim ve Isletme 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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Merit Turizm Yatirim ve Isletme AS Inventory Turnover Chart

Merit Turizm Yatirim ve Isletme AS Annual Data

Trend

Dec14

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Dec17

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Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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Merit Turizm Yatirim ve Isletme AS Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Merit Turizm Yatirim ve Isletme AS Inventory Turnover Calculation

Merit Turizm Yatirim ve Isletme 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 )
=	17.194	/ (	(0	+	0)	/	1 )
=	17.194	/	0
=	N/A

Merit Turizm Yatirim ve Isletme 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 )
=	6.769	/ (	(0	+	0)	/	1 )
=	6.769	/	0
=	N/A

Merit Turizm Yatirim ve Isletme AS (IST:MERIT) 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.

Merit Turizm Yatirim ve Isletme 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
	=	0	/	6.769	*	365 / 4
	=	0.00

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.

Merit Turizm Yatirim ve Isletme 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 )
	=	0	/	49.529
	=	0.00

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.

Merit Turizm Yatirim ve Isletme AS Inventory Turnover Related Terms

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Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Merit Turizm Yatirim ve Isletme AS (IST:MERIT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Etiler, Street No. 9, Besiktas, Istanbul, TUR, 34337

Website

http://www.meritturizm.com

Merit Turizm Yatirim ve Isletme A.S. is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.

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