Akfen Yenilenebilir Enerji (IST:AKFYE) Inventory Turnover : 921.93 (As of Dec. 2023)

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What is Akfen Yenilenebilir Enerji 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. Akfen Yenilenebilir Enerji's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,043 Mil. Akfen Yenilenebilir Enerji's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺1 Mil. Akfen Yenilenebilir Enerji's Inventory Turnover for the quarter that ended in Dec. 2023 was 921.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Akfen Yenilenebilir Enerji's Days Inventory for the three months ended in Dec. 2023 was 0.10.

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. Akfen Yenilenebilir Enerji's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Akfen Yenilenebilir Enerji Inventory Turnover Historical Data

The historical data trend for Akfen Yenilenebilir Enerji'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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Akfen Yenilenebilir Enerji Inventory Turnover Chart

Akfen Yenilenebilir Enerji Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

218.74

428.62

704.55

2,482.96

1,912.46

Akfen Yenilenebilir Enerji Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							-	-	-	-	921.93

Akfen Yenilenebilir Enerji Inventory Turnover Calculation

Akfen Yenilenebilir Enerji'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 )
=	2162.99	/ (	(0	+	1.131)	/	1 )
=	2162.99	/	1.131
=	1,912.46

Akfen Yenilenebilir Enerji'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 )
=	1042.698	/ (	(0	+	1.131)	/	1 )
=	1042.698	/	1.131
=	921.93

Akfen Yenilenebilir Enerji (IST:AKFYE) 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.

Akfen Yenilenebilir Enerji'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
	=	1.131	/	1042.698	*	365 / 4
	=	0.10

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.

Akfen Yenilenebilir Enerji'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 )
	=	1.131	/	1907.188
	=	0.00

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.

Akfen Yenilenebilir Enerji Inventory Turnover Related Terms

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Akfen Yenilenebilir Enerji (IST:AKFYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Akfen Yenilenebilir Enerji (IST:AKFYE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Turan Gunes Bulvar? Galip Erdem Caddesi, No:3, Ilkbahar Mahallesi, Cankaya, Ankara, TUR

Website

https://www.akfenren.com.tr

Akfen Yenilenebilir Enerji operates as a renewable energy company. The company generates and trades electricity through renewable energy power plants such as hydroelectric power plant facilities, Solar Power Plants, and Wind Power Plants.

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