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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Days Inventory : 111.84 (As of Dec. 2023)


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What is Formet Metal Ve Camnayi Anonim Sirketi Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Formet Metal Ve Camnayi Anonim Sirketi's Average Total Inventories for the three months ended in Dec. 2023 was ₺243.7 Mil. Formet Metal Ve Camnayi Anonim Sirketi's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺198.9 Mil. Hence, Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory for the three months ended in Dec. 2023 was 111.84.

The historical rank and industry rank for Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory or its related term are showing as below:

IST:FORMT' s Days Inventory Range Over the Past 10 Years
Min: 20.92   Med: 87.59   Max: 194.07
Current: 189.16

During the past 9 years, Formet Metal Ve Camnayi Anonim Sirketi's highest Days Inventory was 194.07. The lowest was 20.92. And the median was 87.59.

IST:FORMT's Days Inventory is ranked worse than
86.52% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.19 vs IST:FORMT: 189.16

Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory increased from Dec. 2022 (34.55) to Dec. 2023 (111.84). It might indicate that Formet Metal Ve Camnayi Anonim Sirketi'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. Formet Metal Ve Camnayi Anonim Sirketi's Inventory Turnover for the three months ended in Dec. 2023 was 0.82.

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. Formet Metal Ve Camnayi Anonim Sirketi's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.04.


Formet Metal Ve Camnayi Anonim Sirketi Days Inventory Historical Data

The historical data trend for Formet Metal Ve Camnayi Anonim Sirketi'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.

Formet Metal Ve Camnayi Anonim Sirketi Days Inventory Chart

Formet Metal Ve Camnayi Anonim Sirketi Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 135.87 125.12 194.07 87.59 188.69

Formet Metal Ve Camnayi Anonim Sirketi 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 34.55 225.27 192.64 766.43 111.84

Competitive Comparison of Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Formet Metal Ve Camnayi Anonim Sirketi'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.


Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory distribution charts can be found below:

* The bar in red indicates where Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory falls into.



Formet Metal Ve Camnayi Anonim Sirketi Days Inventory Calculation

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

Formet Metal Ve Camnayi Anonim Sirketi'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
=( (95.386 + 263.392) / 2 ) / 347.016*365
=179.389 / 347.016*365
=188.69

Formet Metal Ve Camnayi Anonim Sirketi'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
=( (224.092 + 263.392) / 2 ) / 198.87*365 / 4
=243.742 / 198.87*365 / 4
=111.84

* 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.


Formet Metal Ve Camnayi Anonim Sirketi  (IST:FORMT) 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.

Formet Metal Ve Camnayi Anonim Sirketi'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.

Formet Metal Ve Camnayi Anonim Sirketi'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.


Formet Metal Ve Camnayi Anonim Sirketi Days Inventory Related Terms

Thank you for viewing the detailed overview of Formet Metal Ve Camnayi Anonim Sirketi's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Business Description

Traded in Other Exchanges
N/A
Address
Caddesi No. 18, Organize Sanayi Bolgesi 9, Kayseri, TUR
Formet Celik Kapi Sanayi ve Ticaret AS manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Headlines

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