Koza Anadolu Metal Madencilik Isletmeleri AS (IST:KOZAA) Inventory Turnover : 1.45 (As of Dec. 2023)

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What is Koza Anadolu Metal Madencilik Isletmeleri 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. Koza Anadolu Metal Madencilik Isletmeleri AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,209 Mil. Koza Anadolu Metal Madencilik Isletmeleri AS's Average Total Inventories for the quarter that ended in Dec. 2023 was ₺1,523 Mil. Koza Anadolu Metal Madencilik Isletmeleri AS's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Koza Anadolu Metal Madencilik Isletmeleri AS's Days Inventory for the three months ended in Dec. 2023 was 62.91.

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. Koza Anadolu Metal Madencilik Isletmeleri AS's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Koza Anadolu Metal Madencilik Isletmeleri AS Inventory Turnover Historical Data

The historical data trend for Koza Anadolu Metal Madencilik Isletmeleri 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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Koza Anadolu Metal Madencilik Isletmeleri AS Inventory Turnover Chart

Koza Anadolu Metal Madencilik Isletmeleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.75

2.99

3.65

5.42

3.44

Koza Anadolu Metal Madencilik Isletmeleri 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															2.92	0.84	0.84	0.74	1.45

Koza Anadolu Metal Madencilik Isletmeleri AS Inventory Turnover Calculation

Koza Anadolu Metal Madencilik Isletmeleri 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 )
=	5265.379	/ (	(1459.79	+	1601.013)	/	2 )
=	5265.379	/	1530.4015
=	3.44

Koza Anadolu Metal Madencilik Isletmeleri 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 )
=	2209.075	/ (	(1445.133	+	1601.013)	/	2 )
=	2209.075	/	1523.073
=	1.45

Koza Anadolu Metal Madencilik Isletmeleri AS (IST:KOZAA) 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.

Koza Anadolu Metal Madencilik Isletmeleri 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
	=	1523.073	/	2209.075	*	365 / 4
	=	62.91

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.

Koza Anadolu Metal Madencilik Isletmeleri 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 )
	=	1523.073	/	3227.184
	=	0.47

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.

Koza Anadolu Metal Madencilik Isletmeleri AS Inventory Turnover Related Terms

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Koza Anadolu Metal Madencilik Isletmeleri AS (IST:KOZAA) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Koza Anadolu Metal Madencilik Isletmeleri AS (IST:KOZAA) » Definitions » Inventory Turnover

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Address

?stanbul Yolu, 10.km No:310, Ankara, Cankaya, Batikent, TUR

Website

http://www.kozametal.com.tr

Koza Anadolu Metal Madencilik Isletmeleri AS operates in the mining sector in Turkey. The firm engages in the development and exploration of copper, lead-zinc, iron and similar mineral mining reserves. It holds interests in the Balikesir-Sagirlar Project, Çiftehan-Esendemir Project, Çiftehan-Elmali Project, Konak Project, Diyarbakir-Çüngüs Project, and Batman-Sason Project.

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