Petkim Petrokimya Holding AS (IST:PETKM) Inventory Turnover : 5.75 (As of Dec. 2023)

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What is Petkim Petrokimya Holding 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. Petkim Petrokimya Holding AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺31,857 Mil. Petkim Petrokimya Holding AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺5,542 Mil. Petkim Petrokimya Holding AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petkim Petrokimya Holding AS's Days Inventory for the three months ended in Dec. 2023 was 15.87.

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. Petkim Petrokimya Holding AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Petkim Petrokimya Holding AS Inventory Turnover Historical Data

The historical data trend for Petkim Petrokimya Holding 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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Petkim Petrokimya Holding AS Inventory Turnover Chart

Petkim Petrokimya Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.78

10.89

9.91

24.55

11.93

Petkim Petrokimya Holding AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															13.48	2.11	2.30	2.41	5.75

Petkim Petrokimya Holding AS Inventory Turnover Calculation

Petkim Petrokimya Holding 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 )
=	62769.546	/ (	(4383.08	+	6140.873)	/	2 )
=	62769.546	/	5261.9765
=	11.93

Petkim Petrokimya Holding 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 )
=	31856.66	/ (	(4943.367	+	6140.873)	/	2 )
=	31856.66	/	5542.12
=	5.75

Petkim Petrokimya Holding AS (IST:PETKM) 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.

Petkim Petrokimya Holding 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
	=	5542.12	/	31856.66	*	365 / 4
	=	15.87

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.

Petkim Petrokimya Holding 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 )
	=	5542.12	/	27442.289
	=	0.20

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.

Petkim Petrokimya Holding AS Inventory Turnover Related Terms

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Petkim Petrokimya Holding AS (IST:PETKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petkim Petrokimya Holding AS (IST:PETKM) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Aliaga, P.O. Box 12, Izmir, TUR, 35800

Website

http://www.petkim.com.tr

Petkim Petrokimya Holding AS is a holding company, which through its subsidiaries, manufactures and sells a variety of petrochemicals, specialty chemicals, plastics, and chemical-based products. The firm's product portfolio includes polyvinyl chloride, or PVC, used in construction, polypropylene, polyethylene, glycols, and ethylene. The company's products are used in soaps, detergents, textiles, food and beverage packaging, retail goods packaging, water treatment, and airplane and railway de-icing. The vast majority of revenue comes from Turkey.

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