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Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Inventory Turnover : 4.63 (As of Dec. 2023)


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What is Zorlu Enerji Elektrik Uretim 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. Zorlu Enerji Elektrik Uretim AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺3,438 Mil. Zorlu Enerji Elektrik Uretim AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺743 Mil. Zorlu Enerji Elektrik Uretim AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zorlu Enerji Elektrik Uretim AS's Days Inventory for the three months ended in Dec. 2023 was 19.72.

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. Zorlu Enerji Elektrik Uretim AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.


Zorlu Enerji Elektrik Uretim AS Inventory Turnover Historical Data

The historical data trend for Zorlu Enerji Elektrik Uretim 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.

* Premium members only.

Zorlu Enerji Elektrik Uretim AS Inventory Turnover Chart

Zorlu Enerji Elektrik Uretim AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 127.90 72.76 52.79 88.47 45.16

Zorlu Enerji Elektrik Uretim 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.60 15.25 7.91 6.74 4.63

Zorlu Enerji Elektrik Uretim AS Inventory Turnover Calculation

Zorlu Enerji Elektrik Uretim 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 )
=23519.567 / ((510.31 + 531.364) / 2 )
=23519.567 / 520.837
=45.16

Zorlu Enerji Elektrik Uretim 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 )
=3437.906 / ((954.436 + 531.364) / 2 )
=3437.906 / 742.9
=4.63

* 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.


Zorlu Enerji Elektrik Uretim AS  (IST:ZOREN) 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.

Zorlu Enerji Elektrik Uretim 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
=742.9/3437.906*365 / 4
=19.72

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.

Zorlu Enerji Elektrik Uretim 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 )
=742.9 / 3543.276
=0.21

* 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.


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.


Zorlu Enerji Elektrik Uretim AS Inventory Turnover Related Terms

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Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Business Description

Traded in Other Exchanges
N/A
Address
Buyukdere Caddesi, No: 199, Levent 199, Istanbul, TUR, 34394
Zorlu Enerji Elektrik Ueretimi AS together with its subsidiaries is engaged in establishing, renting and operating facilities of electrical energy production plant, producing electricity and trading electricity to the customers.

Zorlu Enerji Elektrik Uretim AS (IST:ZOREN) Headlines

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