Ihlas Holding AS (IST:IHLAS) Inventory Turnover : 0.25 (As of Sep. 2023)

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What is Ihlas Holding 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. Ihlas Holding AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺961 Mil. Ihlas Holding AS's Average Total Inventories for the quarter that ended in Sep. 2023 was ₺3,789 Mil. Ihlas Holding AS's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ihlas Holding AS's Days Inventory for the three months ended in Sep. 2023 was 359.89.

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. Ihlas Holding AS's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.03.

Ihlas Holding AS Inventory Turnover Historical Data

The historical data trend for Ihlas Holding 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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Ihlas Holding AS Inventory Turnover Chart

Ihlas Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.46

0.81

0.98

1.95

1.43

Ihlas Holding AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.38	0.43	0.30	0.24	0.25

Ihlas Holding AS Inventory Turnover Calculation

Ihlas Holding 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 )
=	2569.105	/ (	(1512.312	+	2072.321)	/	2 )
=	2569.105	/	1792.3165
=	1.43

Ihlas Holding 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 )
=	960.739	/ (	(3443.318	+	4135.032)	/	2 )
=	960.739	/	3789.175
=	0.25

Ihlas Holding AS (IST:IHLAS) 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.

Ihlas Holding 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
	=	3789.175	/	960.739	*	365 / 4
	=	359.89

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.

Ihlas Holding 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 )
	=	3789.175	/	1250.136
	=	3.03

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.

Ihlas Holding AS Inventory Turnover Related Terms

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Ihlas Holding AS (IST:IHLAS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ihlas Holding AS (IST:IHLAS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197

Website

https://www.ihlas.com.tr

Ihlas Holding AS is a Turkey-based holding company. The company's operating segment includes Construction; Marketing; Media and Others. It generates maximum revenue from the Marketing segment. The construction segment includes real estate trading, construction projects, installation and contracting work, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves publishing, selling, distributing and marketing of newspapers, photography, TV and radio broadcasting abroad and all kinds of advertising in Turkey. The Marketing segment includes home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey.

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