Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) Days Inventory : 62.54 (As of Dec. 2023)

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What is Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺1,524 Mil. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,224 Mil. Hence, Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory for the three months ended in Dec. 2023 was 62.54.

The historical rank and industry rank for Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory or its related term are showing as below:

IST:IPEKE' s Days Inventory Range Over the Past 10 Years
Min: 67.28 Med: 129.71 Max: 148.03
Current: 94.73

During the past 13 years, Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's highest Days Inventory was 148.03. The lowest was 67.28. And the median was 129.71.

IST:IPEKE's Days Inventory is ranked worse than
66.52% of 663 companies
in the Metals & Mining industry
Industry Median: 88.57 vs IST:IPEKE: 94.73

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory increased from Dec. 2022 (31.16) to Dec. 2023 (62.54). It might indicate that Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory Turnover for the three months ended in Dec. 2023 was 1.46.

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. Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.47.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Days Inventory Historical Data

The historical data trend for Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory 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.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Days Inventory Chart

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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131.77

121.73

100.01

67.28

105.82

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															31.16	108.80	108.94	122.69	62.54

Competitive Comparison of Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory

For the Gold subindustry, Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory falls into.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1461.335	+	1602.456)	/	2 )	/	5283.893	*	365
=	1531.8955					/	5283.893	*	365
=	105.82

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1446.5	+	1602.456)	/	2 )	/	2224.318	*	365 / 4
=	1524.478					/	2224.318	*	365 / 4
=	62.54

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2224.318	/	1524.478
	=	1.46

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.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1524.478	/	3231.385
	=	0.47

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS Days Inventory Related Terms

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Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Necatibey Cad. No :56/B, Demirtepe, Ankara, TUR

Website

http://www.ipekenerji.com.tr

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS is engaged in the gold mining. It operates seven mines in five regions. The company generates the majority of its revenue from the sale of gold bullion, followed by other revenue and the sale of silver bullion.

Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IST:IPEKE) Headlines

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