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Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Inventory Turnover : 4.03 (As of Sep. 2023)


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What is Ofis Yem Gidanayi 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. Ofis Yem Gidanayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺1,610 Mil. Ofis Yem Gidanayi ve Ticaret AS's Average Total Inventories for the quarter that ended in Sep. 2023 was ₺399 Mil. Ofis Yem Gidanayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Sep. 2023 was 4.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ofis Yem Gidanayi ve Ticaret AS's Days Inventory for the three months ended in Sep. 2023 was 22.62.

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. Ofis Yem Gidanayi ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.23.

Ofis Yem Gidanayi ve Ticaret AS Inventory Turnover Historical Data

The historical data trend for Ofis Yem Gidanayi 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.

* Premium members only.

Ofis Yem Gidanayi ve Ticaret AS Inventory Turnover Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
7.70 14.32 25.61

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
Dec20 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23
Inventory Turnover Get a 7-Day Free Trial 5.66 - 6.21 5.32 4.03

Ofis Yem Gidanayi ve Ticaret AS Inventory Turnover Calculation

Ofis Yem Gidanayi ve Ticaret AS's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=6945.938 / ((246.496 + 295.898) / 2 )
=6945.938 / 271.197
=25.61

Ofis Yem Gidanayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=1609.674 / ((475.803 + 322.311) / 2 )
=1609.674 / 399.057
=4.03

* 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.

Ofis Yem Gidanayi ve Ticaret AS  (IST:OFSYM) 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.

Ofis Yem Gidanayi ve Ticaret AS's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=399.057/1609.674*365 / 4
=22.62

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.

Ofis Yem Gidanayi ve Ticaret AS's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=399.057 / 1748.364
=0.23

* 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.

Ofis Yem Gidanayi ve Ticaret AS Inventory Turnover Related Terms

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Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » Inventory Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR
Website
https://www.ofisyem.com.tr
Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

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