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Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS) Days Inventory : 54.24 (As of Dec. 2023)


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What is Erbosan Erciyas Borunayii ve Ticaret AS Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Erbosan Erciyas Borunayii ve Ticaret AS's Average Total Inventories for the three months ended in Dec. 2023 was ₺918 Mil. Erbosan Erciyas Borunayii ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,545 Mil. Hence, Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory for the three months ended in Dec. 2023 was 54.24.

The historical rank and industry rank for Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory or its related term are showing as below:

IST:ERBOS' s Days Inventory Range Over the Past 10 Years
Min: 67.49   Med: 96.44   Max: 122.41
Current: 91.62

During the past 13 years, Erbosan Erciyas Borunayii ve Ticaret AS's highest Days Inventory was 122.41. The lowest was 67.49. And the median was 96.44.

IST:ERBOS's Days Inventory is ranked better than
66.95% of 2911 companies
in the Industrial Products industry
Industry Median: 120.21 vs IST:ERBOS: 91.62

Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory increased from Dec. 2022 (32.49) to Dec. 2023 (54.24). It might indicate that Erbosan Erciyas Borunayii ve Ticaret AS's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Erbosan Erciyas Borunayii ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 was 1.68.

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. Erbosan Erciyas Borunayii ve Ticaret AS's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.50.


Erbosan Erciyas Borunayii ve Ticaret AS Days Inventory Historical Data

The historical data trend for Erbosan Erciyas Borunayii ve Ticaret 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.

Erbosan Erciyas Borunayii ve Ticaret AS Days Inventory Chart

Erbosan Erciyas Borunayii ve Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.14 122.41 85.74 67.49 113.30

Erbosan Erciyas Borunayii ve Ticaret 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 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 32.49 131.35 104.68 113.83 54.24

Competitive Comparison of Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory

For the Metal Fabrication subindustry, Erbosan Erciyas Borunayii ve Ticaret 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.


Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory distribution charts can be found below:

* The bar in red indicates where Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory falls into.



Erbosan Erciyas Borunayii ve Ticaret AS Days Inventory Calculation

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

Erbosan Erciyas Borunayii ve Ticaret 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
=( (1021.768 + 942.404) / 2 ) / 3163.814*365
=982.086 / 3163.814*365
=113.30

Erbosan Erciyas Borunayii ve Ticaret 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
=( (894.344 + 942.404) / 2 ) / 1545.014*365 / 4
=918.374 / 1545.014*365 / 4
=54.24

* 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.


Erbosan Erciyas Borunayii ve Ticaret AS  (IST:ERBOS) 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.

Erbosan Erciyas Borunayii ve Ticaret AS's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Erbosan Erciyas Borunayii ve Ticaret AS's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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

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.


Erbosan Erciyas Borunayii ve Ticaret AS Days Inventory Related Terms

Thank you for viewing the detailed overview of Erbosan Erciyas Borunayii ve Ticaret AS's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS) Business Description

Traded in Other Exchanges
N/A
Address
895 Sokak PK.375, Anbar Mahallesi, Kayseri, TUR
Erbosan Erciyas Boru Sanayii ve Ticaret AS is a Turkey-based company engaged mainly in the business of manufacturing pipes. The product portfolio of the company includes Black Pipes, Galvanized Pipes, Hollow Sections, Gas and Line Pipes, Industrial Tubes and Sprinkler Pipes.

Erbosan Erciyas Borunayii ve Ticaret AS (IST:ERBOS) Headlines

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