Grainturk Tarim (IST:GRTRK) Total Inventories : ₺434 Mil (As of Sep. 2023)

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What is Grainturk Tarim Total Inventories?

Grainturk Tarim's total inventories for the quarter that ended in Sep. 2023 was ₺434 Mil. Grainturk Tarim's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was ₺410 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Grainturk Tarim's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₺0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grainturk Tarim's Days Inventory for the three months ended in Sep. 2023 was 69.52.

Inventory Turnover measures how fast the company turns over its inventory within a year. Grainturk Tarim's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.31.

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. Grainturk Tarim's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.60.

Grainturk Tarim Total Inventories Historical Data

The historical data trend for Grainturk Tarim's Total Inventories 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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Grainturk Tarim Total Inventories Chart

Grainturk Tarim Annual Data

Trend

Dec20

Dec21

Dec22

Total Inventories

70.22

234.76

377.84

Grainturk Tarim Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial				-	377.84	302.90	387.05	433.63

Grainturk Tarim Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Grainturk Tarim (IST:GRTRK) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Grainturk Tarim's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(74.924	+	0.75 * 342.557	+	0.5 * 433.63	-	448.045
-	0	-	0)	/	125
=	0.80

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Grainturk Tarim's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	410.338	/	538.568	*	365 / 4
	=	69.52

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Grainturk Tarim's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	538.568	/	410.338
	=	1.31

4. 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.

Grainturk Tarim's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	410.338	/	686.78
	=	0.60

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Grainturk Tarim Total Inventories Related Terms

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Grainturk Tarim (IST:GRTRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grainturk Tarim (IST:GRTRK) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330

Website

https://www.grainturk.com

Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.

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