Good Year Lastikleri TAS (IST:GOODY) Inventory Turnover : 2.04 (As of Mar. 2024)

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What is Good Year Lastikleri TAS 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. Good Year Lastikleri TAS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺4,592 Mil. Good Year Lastikleri TAS's Average Total Inventories for the quarter that ended in Mar. 2024 was ₺2,254 Mil. Good Year Lastikleri TAS's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Good Year Lastikleri TAS's Days Inventory for the three months ended in Mar. 2024 was 44.80.

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. Good Year Lastikleri TAS's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Good Year Lastikleri TAS Inventory Turnover Historical Data

The historical data trend for Good Year Lastikleri TAS'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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Good Year Lastikleri TAS Inventory Turnover Chart

Good Year Lastikleri TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.91

6.46

4.97

7.17

5.50

Good Year Lastikleri TAS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.26	1.60	1.78	3.64	2.04

Good Year Lastikleri TAS Inventory Turnover Calculation

Good Year Lastikleri TAS'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 )
=	17847.898	/ (	(4137.339	+	2350.76)	/	2 )
=	17847.898	/	3244.0495
=	5.50

Good Year Lastikleri TAS's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	4591.63	/ (	(2350.76	+	2158.125)	/	2 )
=	4591.63	/	2254.4425
=	2.04

Good Year Lastikleri TAS (IST:GOODY) 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.

Good Year Lastikleri TAS's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2254.4425	/	4591.63	*	365 / 4
	=	44.80

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.

Good Year Lastikleri TAS's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2254.4425	/	5230.395
	=	0.43

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.

Good Year Lastikleri TAS Inventory Turnover Related Terms

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Good Year Lastikleri TAS (IST:GOODY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Good Year Lastikleri TAS (IST:GOODY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Büyükdere Street, Maslak Square, Maslak Business Center No: 37 Floor: 3 -4, Maslak, Istanbul, TUR

Website

http://eu.goodyear.com

Good Year Lastikleri TAS is a Turkey-based company engaged in the production and distribution of tires and other rubber products. Its products include summer, winter, and four-season tires for all types of vehicles that are used in cars, pickup trucks, vans, trucks, and buses. It also offers outer tires of radial and conventional heavy equipment; and various inner tubes and flaps. Geographically, the company caters its services in domestic and foreign markets.

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