T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Days Inventory : 35.02 (As of Dec. 2023)

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What is T Tuborg Bira Ve Maltnayii AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). T Tuborg Bira Ve Maltnayii AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺2,202 Mil. T Tuborg Bira Ve Maltnayii AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺5,737 Mil. Hence, T Tuborg Bira Ve Maltnayii AS's Days Inventory for the three months ended in Dec. 2023 was 35.02.

The historical rank and industry rank for T Tuborg Bira Ve Maltnayii AS's Days Inventory or its related term are showing as below:

IST:TBORG' s Days Inventory Range Over the Past 10 Years
Min: 42.62 Med: 69.9 Max: 102.65
Current: 74.23

During the past 13 years, T Tuborg Bira Ve Maltnayii AS's highest Days Inventory was 102.65. The lowest was 42.62. And the median was 69.90.

IST:TBORG's Days Inventory is ranked better than
61.35% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 160.75 vs IST:TBORG: 74.23

T Tuborg Bira Ve Maltnayii AS's Days Inventory increased from Dec. 2022 (20.38) to Dec. 2023 (35.02). It might indicate that T Tuborg Bira Ve Maltnayii AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. T Tuborg Bira Ve Maltnayii AS's Inventory Turnover for the three months ended in Dec. 2023 was 2.61.

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. T Tuborg Bira Ve Maltnayii AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.31.

T Tuborg Bira Ve Maltnayii AS Days Inventory Historical Data

The historical data trend for T Tuborg Bira Ve Maltnayii 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.

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T Tuborg Bira Ve Maltnayii AS Days Inventory Chart

T Tuborg Bira Ve Maltnayii AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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102.65

91.76

92.15

42.62

71.16

T Tuborg Bira Ve Maltnayii 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															20.38	190.32	122.33	100.70	35.02

Competitive Comparison of T Tuborg Bira Ve Maltnayii AS's Days Inventory

For the Beverages - Brewers subindustry, T Tuborg Bira Ve Maltnayii 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.

T Tuborg Bira Ve Maltnayii AS's Days Inventory Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, T Tuborg Bira Ve Maltnayii AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where T Tuborg Bira Ve Maltnayii AS's Days Inventory falls into.

T Tuborg Bira Ve Maltnayii AS Days Inventory Calculation

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

T Tuborg Bira Ve Maltnayii 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
=	( (1609.821	+	2374.982)	/	2 )	/	10219.886	*	365
=	1992.4015					/	10219.886	*	365
=	71.16

T Tuborg Bira Ve Maltnayii 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
=	( (2028.208	+	2374.982)	/	2 )	/	5736.64	*	365 / 4
=	2201.595					/	5736.64	*	365 / 4
=	35.02

T Tuborg Bira Ve Maltnayii AS (IST:TBORG) 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.

T Tuborg Bira Ve Maltnayii AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5736.64	/	2201.595
	=	2.61

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.

T Tuborg Bira Ve Maltnayii AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2201.595	/	7152.979
	=	0.31

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.

T Tuborg Bira Ve Maltnayii AS Days Inventory Related Terms

Thank you for viewing the detailed overview of T Tuborg Bira Ve Maltnayii AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » T Tuborg Bira Ve Malt Sanayii AS (IST:TBORG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kemalpasa Street, No. 258/9, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.turktuborg.com.tr

T Tuborg Bira Ve Malt Sanayii AS is engaged in the production, sales and distribution of beer and malt to the domestic and international markets. The products are offered under the brand name Tuborg, Carlsberg, Frederik, Troy, and others.

T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Headlines

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