GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Inventory Turnover

Cates Elektrik Uretim AS (IST:CATES) Inventory Turnover : 10.36 (As of Sep. 2023)


View and export this data going back to 2023. Start your Free Trial

What is Cates Elektrik Uretim 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. Cates Elektrik Uretim AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺2,397 Mil. Cates Elektrik Uretim AS's Average Total Inventories for the quarter that ended in Sep. 2023 was ₺231 Mil. Cates Elektrik Uretim AS's Inventory Turnover for the quarter that ended in Sep. 2023 was 10.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cates Elektrik Uretim AS's Days Inventory for the three months ended in Sep. 2023 was 8.81.

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. Cates Elektrik Uretim AS's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.08.

Cates Elektrik Uretim AS Inventory Turnover Historical Data

The historical data trend for Cates Elektrik Uretim 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.

* Premium members only.

Cates Elektrik Uretim AS Inventory Turnover Chart

Cates Elektrik Uretim AS Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
18.48 19.63 30.31

Cates Elektrik Uretim AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
Inventory Turnover Get a 7-Day Free Trial - - 6.03 - 10.36

Cates Elektrik Uretim AS Inventory Turnover Calculation

Cates Elektrik Uretim AS's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=2590 / ((43.598 + 127.298) / 2 )
=2590 / 85.448
=30.31

Cates Elektrik Uretim AS's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=2396.733 / ((250.345 + 212.255) / 2 )
=2396.733 / 231.3
=10.36

* 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.

Cates Elektrik Uretim AS  (IST:CATES) 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.

Cates Elektrik Uretim AS's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=231.3/2396.733*365 / 4
=8.81

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.

Cates Elektrik Uretim AS's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=231.3 / 2926.765
=0.08

* 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

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.

Cates Elektrik Uretim AS Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Cates Elektrik Uretim AS's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Inventory Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR
Website
https://www.cates.com.tr
Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

Cates Elektrik Uretim AS (IST:CATES) Headlines

No Headlines