Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Days Inventory : 218.70 (As of Sep. 2023)

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What is Meka Betonntralleri Imalatnayi ve Ticaret AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Meka Betonntralleri Imalatnayi ve Ticaret AS's Average Total Inventories for the three months ended in Sep. 2023 was ₺414.1 Mil. Meka Betonntralleri Imalatnayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺172.8 Mil. Hence, Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory for the three months ended in Sep. 2023 was 218.70.

The historical rank and industry rank for Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory or its related term are showing as below:

IST:MEKAG' s Days Inventory Range Over the Past 10 Years
Min: 115.73 Med: 130.59 Max: 372.39
Current: 372.39

During the past 3 years, Meka Betonntralleri Imalatnayi ve Ticaret AS's highest Days Inventory was 372.39. The lowest was 115.73. And the median was 130.59.

IST:MEKAG's Days Inventory is ranked worse than
92.12% of 368 companies
in the Building Materials industry
Industry Median: 83.675 vs IST:MEKAG: 372.39

Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory increased from Jun. 2022 (0.00) to Sep. 2023 (218.70). It might indicate that Meka Betonntralleri Imalatnayi ve Ticaret 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. Meka Betonntralleri Imalatnayi ve Ticaret AS's Inventory Turnover for the three months ended in Sep. 2023 was 0.42.

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. Meka Betonntralleri Imalatnayi ve Ticaret AS's Inventory-to-Revenue for the three months ended in Sep. 2023 was 1.57.

Meka Betonntralleri Imalatnayi ve Ticaret AS Days Inventory Historical Data

The historical data trend for Meka Betonntralleri Imalatnayi ve Ticaret 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Days Inventory Chart

Meka Betonntralleri Imalatnayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Days Inventory

177.77

130.59

115.73

Meka Betonntralleri Imalatnayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial			-	-	122.09	-	218.70

Competitive Comparison of Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory

For the Building Materials subindustry, Meka Betonntralleri Imalatnayi ve Ticaret 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory falls into.

Meka Betonntralleri Imalatnayi ve Ticaret AS Days Inventory Calculation

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

Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (119.857	+	232.49)	/	2 )	/	555.614	*	365
=	176.1735					/	555.614	*	365
=	115.73

Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (360.206	+	468.026)	/	2 )	/	172.786	*	365 / 4
=	414.116					/	172.786	*	365 / 4
=	218.70

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) 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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	172.786	/	414.116
	=	0.42

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.

Meka Betonntralleri Imalatnayi ve Ticaret AS's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	414.116	/	262.994
	=	1.57

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.

Meka Betonntralleri Imalatnayi ve Ticaret AS Days Inventory Related Terms

Thank you for viewing the detailed overview of Meka Betonntralleri Imalatnayi ve Ticaret AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Meka Betonntralleri Imalatnayi ve Ticaret AS (IST:MEKAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Meka Beton Santralleri Imalat Sanayi ve Ticaret AS (IST:MEKAG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ismet Inonu Blv No. 12, Malikoy Baskent Osb, Ankara, TUR, 06909

Website

https://www.mekaglobal.com/tr

Meka Beton Santralleri Imalat Sanayi ve Ticaret AS is a company engaged in the Production of Concrete Plants and Equipment for Ready-Mixed Concrete Production, Construction and Precast Industries. It has ability and experience to design and produce plants and equipment for every capacity and production type in the production of concrete plants and equipment. MEKA produces crushing, screening and washing equipment for aggregate production, mining and recycling industries.

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