CAN2 Termik AS (IST:CANTE) Inventory Turnover : 2.00 (As of Dec. 2023)

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What is CAN2 Termik AS Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. CAN2 Termik AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,145 Mil. CAN2 Termik AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺1,073 Mil. CAN2 Termik AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CAN2 Termik AS's Days Inventory for the three months ended in Dec. 2023 was 45.65.

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. CAN2 Termik AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

CAN2 Termik AS Inventory Turnover Historical Data

The historical data trend for CAN2 Termik AS's Inventory Turnover 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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CAN2 Termik AS Inventory Turnover Chart

CAN2 Termik AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.78

4.95

12.45

4.33

CAN2 Termik AS Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial													7.94	1.20	1.06	1.23	2.00

CAN2 Termik AS Inventory Turnover Calculation

CAN2 Termik AS's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	4860.5	/ (	(981.83	+	1263.375)	/	2 )
=	4860.5	/	1122.6025
=	4.33

CAN2 Termik AS's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2145.326	/ (	(882.953	+	1263.375)	/	2 )
=	2145.326	/	1073.164
=	2.00

CAN2 Termik AS (IST:CANTE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

CAN2 Termik AS's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1073.164	/	2145.326	*	365 / 4
	=	45.65

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.

CAN2 Termik AS's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1073.164	/	2335.171
	=	0.46

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

CAN2 Termik AS Inventory Turnover Related Terms

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CAN2 Termik AS (IST:CANTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CAN2 Termik AS (IST:CANTE) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Barbaros Mahallesi, Karanfil Sokak, Varyap Meridian Sitesi No:l lD, Villa 4 Bati Atajehir, Istanbul, TUR

Website

https://www.can2termik.com.tr

CAN2 Termik AS is a company operating in the fields of electrical energy generation, procurement and mining.

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