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Coca Cola Icecek AS (Coca Cola Icecek AS) Days Inventory : 52.33 (As of Dec. 2023)


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What is Coca Cola Icecek AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Coca Cola Icecek AS's Average Total Inventories for the three months ended in Dec. 2023 was $447 Mil. Coca Cola Icecek AS's Cost of Goods Sold for the three months ended in Dec. 2023 was $780 Mil. Hence, Coca Cola Icecek AS's Days Inventory for the three months ended in Dec. 2023 was 52.33.

The historical rank and industry rank for Coca Cola Icecek AS's Days Inventory or its related term are showing as below:

COLZF' s Days Inventory Range Over the Past 10 Years
Min: 35.18   Med: 41.91   Max: 64.88
Current: 62.41

During the past 13 years, Coca Cola Icecek AS's highest Days Inventory was 64.88. The lowest was 35.18. And the median was 41.91.

COLZF's Days Inventory is ranked better than
51.38% of 109 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 67.25 vs COLZF: 62.41

Coca Cola Icecek AS's Days Inventory increased from Dec. 2022 (21.12) to Dec. 2023 (52.33). It might indicate that Coca Cola Icecek AS's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Coca Cola Icecek AS's Inventory Turnover for the three months ended in Dec. 2023 was 1.74.

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. Coca Cola Icecek AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.43.


Coca Cola Icecek AS Days Inventory Historical Data

The historical data trend for Coca Cola Icecek AS's Days Inventory 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.

* Premium members only.

Coca Cola Icecek AS Days Inventory Chart

Coca Cola Icecek AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.96 42.88 55.61 41.27 81.66

Coca Cola Icecek AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.12 89.79 72.69 61.50 52.33

Competitive Comparison of Coca Cola Icecek AS's Days Inventory

For the Beverages - Non-Alcoholic subindustry, Coca Cola Icecek AS's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Coca Cola Icecek AS's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca Cola Icecek AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Coca Cola Icecek AS's Days Inventory falls into.



Coca Cola Icecek AS Days Inventory Calculation

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

Coca Cola Icecek AS's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (599.92 + 446.47) / 2 ) / 2338.618*365
=523.195 / 2338.618*365
=81.66

Coca Cola Icecek AS's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (447.651 + 446.47) / 2 ) / 779.519*365 / 4
=447.0605 / 779.519*365 / 4
=52.33

* 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.


Coca Cola Icecek AS  (OTCPK:COLZF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Coca Cola Icecek AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Coca Cola Icecek AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Coca Cola Icecek AS Days Inventory Related Terms

Thank you for viewing the detailed overview of Coca Cola Icecek AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Coca Cola Icecek AS (Coca Cola Icecek AS) Business Description

Traded in Other Exchanges
Address
OSB Mahallesi Deniz Feneri Sokak, No: 4 Dudullu - Umraniye, Istanbul, TUR, 34776
Coca Cola Icecek AS is the exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East. Coca-Cola's brands include Coca-Cola, Fanta, Sprite, Cappy, Powerade, and Fuse. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey. The controlling shareholder of the company is Anadolu Efes Biracilik ve Malt Sanayi.

Coca Cola Icecek AS (Coca Cola Icecek AS) Headlines