Smart Gunes Teknolojileri (IST:SMRTG) Inventory Turnover : 1.45 (As of Dec. 2024)

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What is Smart Gunes Teknolojileri 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. Smart Gunes Teknolojileri's Cost of Goods Sold for the three months ended in Dec. 2024 was ₺3,220 Mil. Smart Gunes Teknolojileri's Average Total Inventories for the quarter that ended in Dec. 2024 was ₺2,216 Mil. Smart Gunes Teknolojileri's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smart Gunes Teknolojileri's Days Inventory for the three months ended in Dec. 2024 was 62.79.

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. Smart Gunes Teknolojileri's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.54.

Smart Gunes Teknolojileri Inventory Turnover Historical Data

The historical data trend for Smart Gunes Teknolojileri'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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Smart Gunes Teknolojileri Inventory Turnover Chart

Smart Gunes Teknolojileri Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.74

7.82

7.65

4.97

3.68

Smart Gunes Teknolojileri Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial														1.40	0.53	0.64	1.07	1.45

Smart Gunes Teknolojileri Inventory Turnover Calculation

Smart Gunes Teknolojileri'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 )
=	9403.198	/ (	(2848.354	+	2259.415)	/	2 )
=	9403.198	/	2553.8845
=	3.68

Smart Gunes Teknolojileri'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: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	3220.004	/ (	(2171.699	+	2259.415)	/	2 )
=	3220.004	/	2215.557
=	1.45

Smart Gunes Teknolojileri (IST:SMRTG) 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.

Smart Gunes Teknolojileri's Days Inventory for the three 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
	=	2215.557	/	3220.004	*	365 / 4
	=	62.79

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.

Smart Gunes Teknolojileri'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 )
	=	2215.557	/	4136.459
	=	0.54

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.

Smart Gunes Teknolojileri Inventory Turnover Related Terms

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Smart Gunes Teknolojileri Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smart Gunes Teknolojileri (IST:SMRTG) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Ruzgarlibahce, Feragat Sk. No:2, 34805 Beykoz, Istanbul, TUR

Website

https://www.smartsolar.com.tr

Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants.

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