Kurumsal Finans ve Strateji Rehberi | Finance & Strategy Insights

Days Inventory Outstanding (DIO) is a critical financial metric that shows how many days, on average, a company holds its inventory before converting it into sales. This ratio serves as an important signal for both liquidity management and operational efficiency. A lower DIO indicates faster inventory turnover, while a higher DIO suggests that inventories remain on hand for longer periods.

Formula for Days Inventory Outstanding
DIO is calculated using the following formula:
DIO = (Average Inventory / Cost of Goods Sold) × 365

• Average Inventory = (Beginning Inventory + Ending Inventory) ÷ 2
• Cost of Goods Sold (COGS) = Cost of products sold during the period

ULUUN 2024 Data

• 2024 Ending Inventory: 2,275,021,083 TL
• 2023 Ending Inventory: 2,960,297,683 TL
• Average Inventory: (2,275,021,083 + 2,960,297,683) ÷ 2 = 2,617,659,383 TL
• 2024 COGS: 46,765,954,145 TL

Calculation
DIO = (2,617,659,383 / 46,765,954,145) × 365 ≈ 20.42 days

Results and Evaluation
For 2024, Ulusoy Un’s Days Inventory Outstanding was calculated at approximately 20.4 days. This indicates that the company holds its inventory for an average of only 20 days before converting it into sales.

• Strengths: A 20-day DIO signals fast inventory turnover and effective cash flow management.
• Industry Perspective: In the food and agriculture sector, DIO typically ranges between 30 and 60 days. ULUUN’s position at 20 days highlights its strong operational efficiency.
• Investor Outlook: A low DIO suggests shorter capital lock-up in inventory and a high level of alignment between production and sales channels.

In summary, ULUUN managed its inventories very efficiently in 2024, converting them into cash in just 20 days. This performance reflects both robust liquidity management and a strong competitive edge.