Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Inventory Turnover : 0.91 (As of Mar. 2024)

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What is Turkiye Sise ve Cam Fabrikalari 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. Turkiye Sise ve Cam Fabrikalari AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺31,305 Mil. Turkiye Sise ve Cam Fabrikalari AS's Average Total Inventories for the quarter that ended in Mar. 2024 was ₺34,545 Mil. Turkiye Sise ve Cam Fabrikalari AS's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Turkiye Sise ve Cam Fabrikalari AS's Days Inventory for the three months ended in Mar. 2024 was 100.69.

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. Turkiye Sise ve Cam Fabrikalari AS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.85.

Turkiye Sise ve Cam Fabrikalari AS Inventory Turnover Historical Data

The historical data trend for Turkiye Sise ve Cam Fabrikalari 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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Turkiye Sise ve Cam Fabrikalari AS Inventory Turnover Chart

Turkiye Sise ve Cam Fabrikalari AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.56

3.66

3.40

5.46

3.27

Turkiye Sise ve Cam Fabrikalari AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.20	0.85	0.90	1.62	0.91

Turkiye Sise ve Cam Fabrikalari AS Inventory Turnover Calculation

Turkiye Sise ve Cam Fabrikalari 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 )
=	110055.8	/ (	(34410.893	+	32909.644)	/	2 )
=	110055.8	/	33660.2685
=	3.27

Turkiye Sise ve Cam Fabrikalari AS's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	31305.324	/ (	(32909.644	+	36180.589)	/	2 )
=	31305.324	/	34545.1165
=	0.91

Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) 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.

Turkiye Sise ve Cam Fabrikalari AS's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	34545.1165	/	31305.324	*	365 / 4
	=	100.69

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.

Turkiye Sise ve Cam Fabrikalari AS's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	34545.1165	/	40584.287
	=	0.85

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.

Turkiye Sise ve Cam Fabrikalari AS Inventory Turnover Related Terms

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Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Icmeler Mahallesi, D-100 Karayolu Caddesi, No: 44/A, Tuzla, Istanbul, TUR, 34947

Website

http://www.sisecam.com.tr

Turkiye Sise ve Cam Fabrikalari AS is a holding company that, through its subsidiaries, manufactures and sells glass products, chemicals, and glass packaging. The firm's five segments are based on product type. The flat glass segment, which generates more revenue than any other segment, sells glass panes used in windows and automobile windshields. The glassware segment sells glass beverage bottles and crystal products. The other three segments are glass packaging, chemicals, and other, which consists primarily of services including insurance and the export and import of goods. The majority of revenue comes from Turkey.

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