Gimat Magazaciliknayi ve Ticaret AS (IST:GMTAS) Inventory Turnover : 2.62 (As of Dec. 2023)

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What is Gimat Magazaciliknayi ve Ticaret 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. Gimat Magazaciliknayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺695 Mil. Gimat Magazaciliknayi ve Ticaret AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺266 Mil. Gimat Magazaciliknayi ve Ticaret AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gimat Magazaciliknayi ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 34.88.

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. Gimat Magazaciliknayi ve Ticaret AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Gimat Magazaciliknayi ve Ticaret AS Inventory Turnover Historical Data

The historical data trend for Gimat Magazaciliknayi ve Ticaret 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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Gimat Magazaciliknayi ve Ticaret AS Inventory Turnover Chart

Gimat Magazaciliknayi ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.29

5.56

3.89

5.62

Gimat Magazaciliknayi ve Ticaret AS Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											3.11	0.94	1.11	1.27	2.62

Gimat Magazaciliknayi ve Ticaret AS Inventory Turnover Calculation

Gimat Magazaciliknayi ve Ticaret 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 )
=	1583.927	/ (	(303.159	+	260.895)	/	2 )
=	1583.927	/	282.027
=	5.62

Gimat Magazaciliknayi ve Ticaret 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 )
=	695.209	/ (	(270.601	+	260.895)	/	2 )
=	695.209	/	265.748
=	2.62

Gimat Magazaciliknayi ve Ticaret AS (IST:GMTAS) 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.

Gimat Magazaciliknayi ve Ticaret 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
	=	265.748	/	695.209	*	365 / 4
	=	34.88

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.

Gimat Magazaciliknayi ve Ticaret 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 )
	=	265.748	/	834.994
	=	0.32

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.

Gimat Magazaciliknayi ve Ticaret AS Inventory Turnover Related Terms

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Gimat Magazaciliknayi ve Ticaret AS (IST:GMTAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gimat Magazacilik Sanayi ve Ticaret AS (IST:GMTAS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Macun Mah. Bagdat Cad, 101/1 Yenimahalle, Ankara, TUR

Website

https://www.gimatgross.net

Gimat Magazacilik Sanayi ve Ticaret AS is engaged in the operations of convenience stores. Its products include Beverages, Non Food products, Sea Food, Meat, Bakery products, Cosmetics, and Cleaning products among others.

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