TFIG (TFI TAB Gida Yatirimlari AS) Inventory Turnover: 20.47 (As of Dec. 2016)

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What is TFI TAB Gida Yatirimlari AS Inventory Turnover?

TFI TAB Gida Yatirimlari AS TFIG Inventory Turnover is 20.47 as of Dec. 2016.

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. TFI TAB Gida Yatirimlari AS's Cost of Goods Sold for the six months ended in Dec. 2016 was $721.81 Mil. TFI TAB Gida Yatirimlari AS's Average Total Inventories for the quarter that ended in Dec. 2016 was $35.25 Mil. TFI TAB Gida Yatirimlari AS's Inventory Turnover for the quarter that ended in Dec. 2016 was 20.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TFI TAB Gida Yatirimlari AS's Days Inventory for the six months ended in Dec. 2016 was 8.91.

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. TFI TAB Gida Yatirimlari AS's Inventory-to-Revenue for the quarter that ended in Dec. 2016 was 0.04.

TFI TAB Gida Yatirimlari AS  (NAS:TFIG) 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.

TFI TAB Gida Yatirimlari AS's Days Inventory for the six months ended in Dec. 2016 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2016 )/Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=35.2545/721.814*365 / 2
=8.91

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.

TFI TAB Gida Yatirimlari AS's Inventory to Revenue for the quarter that ended in Dec. 2016 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2016 ) / Revenue (Q: Dec. 2016 )
=35.2545 / 818.23
=0.04

* 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.

TFI TAB Gida Yatirimlari AS Inventory Turnover Related Terms

TFI TAB Gida Yatirimlari AS Inventory Turnover Historical Data

* Premium members only.

The historical data trend for TFI TAB Gida Yatirimlari 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.

TFI TAB Gida Yatirimlari AS Inventory Turnover Chart

TFI TAB Gida Yatirimlari AS Annual Data
Trend Dec15 Dec16
Inventory Turnover
20.77 20.47

TFI TAB Gida Yatirimlari AS Semi-Annual Data
Dec15 Dec16
Inventory Turnover 20.77 20.47

TFI TAB Gida Yatirimlari AS Inventory Turnover Calculation

TFI TAB Gida Yatirimlari AS's Inventory Turnover for the fiscal year that ended in Dec. 2016 is calculated as

Inventory Turnover (A: Dec. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2016 ) / ((Total Inventories (A: Dec. 2015 ) + Total Inventories (A: Dec. 2016 )) / count )
=721.814 / ((33.385 + 37.124) / 2 )
=721.814 / 35.2545
=20.47

TFI TAB Gida Yatirimlari AS's Inventory Turnover for the quarter that ended in Dec. 2016 is calculated as

Inventory Turnover (Q: Dec. 2016 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2016 ) / ((Total Inventories (Q: Dec. 2015 ) + Total Inventories (Q: Dec. 2016 )) / count )
=721.814 / ((33.385 + 37.124) / 2 )
=721.814 / 35.2545
=20.47

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 20.47 mean?
TFI TAB Gida Yatirimlari AS (TFIG) has a Inventory Turnover of 20.47 as of Dec. 2016. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on TFI TAB Gida Yatirimlari AS and its competitors.
Is TFI TAB Gida Yatirimlari AS's Inventory Turnover too high?
TFI TAB Gida Yatirimlari AS's current Inventory Turnover is 20.47.
How does TFI TAB Gida Yatirimlari AS's Inventory Turnover compare to ?
TFI TAB Gida Yatirimlari AS's Inventory Turnover of 20.47 can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Restaurants company?
A good Inventory Turnover depends on the Restaurants industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on TFI TAB Gida Yatirimlari AS and its competitors. TFI TAB Gida Yatirimlari AS's current Inventory Turnover is 20.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TFI TAB Gida Yatirimlari AS stock overvalued right now?
TFI TAB Gida Yatirimlari AS (TFIG) has a current Inventory Turnover of 20.47. The current Inventory Turnover is 20.47. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For TFI TAB Gida Yatirimlari AS (TFIG), the current Inventory Turnover is 20.47 as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TFI TAB Gida Yatirimlari AS Business Description

Comparable Companies
Address Dikilitas Mah. Emirhan Cad, No:109 Atakule Besiktas, Istanbul, TUR
TFI TAB Gida Yatirimlari AS acts as a restaurant operator. The company operates a broad range of quick service restaurants, (QSRs), mainly in Turkey and China. It provides a wide spectrum of restaurant concepts, encompassing hamburger, chicken, sandwich, Italian/pizza, and Turkish QSRs. The company operates more than 600 Burger King restaurants in Turkey. It acts as a franchisee of Popeyes, Arby's and Sbarro. It has developed its own fast food brand Usta Dönerci in Turkey. The company operates its restaurant in three channels namely mall, street in-line, and freestanding and airport. It operates through Quick service restaurants segment, Ecosystem, and Other segment. The majority of the company's revenue comes from Turkey.