Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi (IST:EUREN) Inventory Turnover : 2.65 (As of Dec. 2023)

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What is Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi 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. Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,493 Mil. Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺563 Mil. Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi's Days Inventory for the three months ended in Dec. 2023 was 34.38.

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. Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi Inventory Turnover Historical Data

The historical data trend for Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi'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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Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi Inventory Turnover Chart

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

18.47

20.39

6.68

8.13

5.04

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								4.41	1.05	1.18	1.32	2.65

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi Inventory Turnover Calculation

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi'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 )
=	3301.461	/ (	(700.451	+	610.778)	/	2 )
=	3301.461	/	655.6145
=	5.04

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi'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 )
=	1493.224	/ (	(514.517	+	610.778)	/	2 )
=	1493.224	/	562.6475
=	2.65

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi (IST:EUREN) 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.

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi'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
	=	562.6475	/	1493.224	*	365 / 4
	=	34.38

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.

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi'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 )
	=	562.6475	/	1672.914
	=	0.34

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.

Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi Inventory Turnover Related Terms

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Europen Endustri Insaatnayi Ve Ticaret Anonim Sirketi (IST:EUREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Europen Endustri Insaat Sanayi Ve Ticaret Anonim Sirketi (IST:EUREN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Organize Sanayi Bolgesi Sehitler Bulvari No: 33, Eskisehir, TUR

Website

https://www.europen.com.tr

Europen Endustri Insaat Sanayi Ve Ticaret Anonim Sirketi manufactures building materials. The company offers sheets, panels, PVC windows, and doors, Refrigerator Glasses, Oven Glasses, and Furniture Glasses.

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