Ozata Denizciliknayi ve Ticaret AS (IST:OZATD) Inventory Turnover : 7.51 (As of Sep. 2024)

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What is Ozata Denizciliknayi 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. Ozata Denizciliknayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Sep. 2024 was ₺349.1 Mil. Ozata Denizciliknayi ve Ticaret AS's Average Total Inventories for the quarter that ended in Sep. 2024 was ₺46.5 Mil. Ozata Denizciliknayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Sep. 2024 was 7.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ozata Denizciliknayi ve Ticaret AS's Days Inventory for the three months ended in Sep. 2024 was 12.15.

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. Ozata Denizciliknayi ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.10.

Ozata Denizciliknayi ve Ticaret AS Inventory Turnover Historical Data

The historical data trend for Ozata Denizciliknayi 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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Ozata Denizciliknayi ve Ticaret AS Inventory Turnover Chart

Ozata Denizciliknayi ve Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

84.89

66.16

46.27

Ozata Denizciliknayi ve Ticaret AS Quarterly Data
	Dec21	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial			9.89	-	2.64	8.81	7.51

Ozata Denizciliknayi ve Ticaret AS Inventory Turnover Calculation

Ozata Denizciliknayi 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 )
=	1800.079	/ (	(51.226	+	26.582)	/	2 )
=	1800.079	/	38.904
=	46.27

Ozata Denizciliknayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	349.121	/ (	(35.306	+	57.668)	/	2 )
=	349.121	/	46.487
=	7.51

Ozata Denizciliknayi ve Ticaret AS (IST:OZATD) 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.

Ozata Denizciliknayi ve Ticaret AS's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	46.487	/	349.121	*	365 / 4
	=	12.15

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.

Ozata Denizciliknayi ve Ticaret AS's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	46.487	/	488.321
	=	0.10

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.

Ozata Denizciliknayi ve Ticaret AS Inventory Turnover Related Terms

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Ozata Denizciliknayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Ozata Denizcilik Sanayi ve Ticaret AS (IST:OZATD) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kan Street no.34, Hersek Neighborhood Hakki, Altinova, Yalova, TUR, 77700

Website

https://www.ozatadenizcilik.com

Ozata Denizcilik Sanayi ve Ticaret AS carries out its activities in its shipyard. The company is engaged in new construction, repair, and transformation of ships.

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