Netcad Yazilim AS (IST:NETCD) Inventory Turnover: 274.97 (As of Dec. 2024)


IST:NETCD Netcad Yazilim AS IST:NETCD
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What is Netcad Yazilim AS Inventory Turnover?

Netcad Yazilim AS IST:NETCD -5.58% 30 Inventory Turnover is 274.97 as of Dec. 2024. GuruFocus rates IST:NETCD with a GF Score™ of 30/100. The stock has 2 warning signs investors should review.

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. Netcad Yazilim AS's Cost of Goods Sold for the six months ended in Dec. 2024 was ₺99 Mil. Netcad Yazilim AS's Average Total Inventories for the quarter that ended in Dec. 2024 was ₺0 Mil. Netcad Yazilim AS's Inventory Turnover for the quarter that ended in Dec. 2024 was 274.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Netcad Yazilim AS's Days Inventory for the six months ended in Dec. 2024 was 0.66.

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. Netcad Yazilim AS's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.00.

Netcad Yazilim AS  (IST:NETCD) 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.

Netcad Yazilim AS's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=0.3615/99.4*365 / 2
=0.66

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.

Netcad Yazilim AS's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=0.3615 / 1125.559
=0.00

* 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.

Netcad Yazilim AS Inventory Turnover Related Terms

Netcad Yazilim AS Inventory Turnover Historical Data

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The historical data trend for Netcad Yazilim 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.

Netcad Yazilim AS Inventory Turnover Chart

Netcad Yazilim AS Annual Data
Trend Dec22 Dec23 Dec24
Inventory Turnover
184.65 155.85 274.97

Netcad Yazilim AS Semi-Annual Data
Dec22 Dec23 Dec24
Inventory Turnover 184.65 155.85 274.97
IST:NETCD
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Netcad Yazilim AS IST:NETCD
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Netcad Yazilim AS Inventory Turnover Calculation

Netcad Yazilim AS's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=99.4 / ((0.52 + 0.203) / 2 )
=99.4 / 0.3615
=274.97

Netcad Yazilim AS's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover (Q: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Dec. 2024 )) / count )
=99.4 / ((0.52 + 0.203) / 2 )
=99.4 / 0.3615
=274.97

* 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 274.97 mean?
Netcad Yazilim AS (IST:NETCD) has a Inventory Turnover of 274.97 as of Dec. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Netcad Yazilim AS and its competitors.
Is Netcad Yazilim AS's Inventory Turnover too high?
Netcad Yazilim AS's current Inventory Turnover is 274.97. Overall, Netcad Yazilim AS has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Netcad Yazilim AS's Inventory Turnover compare to CRM and SHOP?
Netcad Yazilim AS's Inventory Turnover of 274.97 can be compared against companies in the Software 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 Software company?
A good Inventory Turnover depends on the Software 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 Netcad Yazilim AS and its competitors. Netcad Yazilim AS's current Inventory Turnover is 274.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcad Yazilim AS stock overvalued right now?
Netcad Yazilim AS (IST:NETCD) has a current Inventory Turnover of 274.97. The current Inventory Turnover is 274.97. Netcad Yazilim AS's overall GF Score™ is 30/100 with 2 warning signs to review. 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 Netcad Yazilim AS (IST:NETCD), the current Inventory Turnover is 274.97 as of Dec. 2024. 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.

Netcad Yazilim AS Business Description

Address Bilkent Cyber Plaza, Block B, No. 409 Cyberpark, Cankaya, Ankara, TUR, 06800
Netcad Yazilim AS a developer of software in this field in Turkey focused on Geographic Information Systems (GIS), CAD, engineering and smart-city solutions. Its solutions involve Smart Cities, Smart Planning, Digital Mapping, Land Management, Smart Mining, Smart Grid Management, and Smart Transportation.
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