Coca Cola Icecek AS (IST:CCOLA) Inventory Turnover : 1.81 (As of Dec. 2023)

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What is Coca Cola Icecek 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. Coca Cola Icecek AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺22,667 Mil. Coca Cola Icecek AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺12,534 Mil. Coca Cola Icecek AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coca Cola Icecek AS's Days Inventory for the three months ended in Dec. 2023 was 50.46.

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. Coca Cola Icecek AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

Coca Cola Icecek AS Inventory Turnover Historical Data

The historical data trend for Coca Cola Icecek 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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Coca Cola Icecek AS Inventory Turnover Chart

Coca Cola Icecek AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.34

9.74

8.03

9.45

5.63

Coca Cola Icecek AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.35	1.03	1.38	1.59	1.81

Coca Cola Icecek AS Inventory Turnover Calculation

Coca Cola Icecek 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 )
=	68002.645	/ (	(11192.91	+	12982.517)	/	2 )
=	68002.645	/	12087.7135
=	5.63

Coca Cola Icecek 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 )
=	22666.971	/ (	(12086.171	+	12982.517)	/	2 )
=	22666.971	/	12534.344
=	1.81

Coca Cola Icecek AS (IST:CCOLA) 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.

Coca Cola Icecek 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
	=	12534.344	/	22666.971	*	365 / 4
	=	50.46

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.

Coca Cola Icecek 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 )
	=	12534.344	/	30479.738
	=	0.41

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.

Coca Cola Icecek AS Inventory Turnover Related Terms

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Coca Cola Icecek AS (IST:CCOLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca Cola Icecek AS (IST:CCOLA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

COLZF:USA

Address

OSB Mahallesi Deniz Feneri Sokak, No: 4 Dudullu - Umraniye, Istanbul, TUR, 34776

Website

https://www.cci.com.tr

Coca Cola Icecek AS is the exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Central Asia, and the Middle East. Coca-Cola's brands include Coca-Cola, Fanta, Sprite, Cappy, Powerade, and Fuse. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey. The controlling shareholder of the company is Anadolu Efes Biracilik ve Malt Sanayi.

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