PT Indocement Tunggal Prakarsa Tbk (PT Indocement Tunggal Prakarsa Tbk) Inventory Turnover : 1.13 (As of Dec. 2023)

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What is PT Indocement Tunggal Prakarsa Tbk 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. PT Indocement Tunggal Prakarsa Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was $212 Mil. PT Indocement Tunggal Prakarsa Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was $187 Mil. PT Indocement Tunggal Prakarsa Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Indocement Tunggal Prakarsa Tbk's Days Inventory for the three months ended in Dec. 2023 was 80.44.

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. PT Indocement Tunggal Prakarsa Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

PT Indocement Tunggal Prakarsa Tbk Inventory Turnover Historical Data

The historical data trend for PT Indocement Tunggal Prakarsa Tbk'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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PT Indocement Tunggal Prakarsa Tbk Inventory Turnover Chart

PT Indocement Tunggal Prakarsa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.71

4.84

4.69

4.20

4.26

PT Indocement Tunggal Prakarsa Tbk 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															1.12	1.04	0.84	1.09	1.13

PT Indocement Tunggal Prakarsa Tbk Inventory Turnover Calculation

PT Indocement Tunggal Prakarsa Tbk'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 )
=	785.096	/ (	(179.944	+	188.421)	/	2 )
=	785.096	/	184.1825
=	4.26

PT Indocement Tunggal Prakarsa Tbk'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 )
=	211.722	/ (	(184.88	+	188.421)	/	2 )
=	211.722	/	186.6505
=	1.13

PT Indocement Tunggal Prakarsa Tbk (OTCPK:PITPY) 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.

PT Indocement Tunggal Prakarsa Tbk'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
	=	186.6505	/	211.722	*	365 / 4
	=	80.44

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.

PT Indocement Tunggal Prakarsa Tbk'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 )
	=	186.6505	/	325.77
	=	0.57

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.

PT Indocement Tunggal Prakarsa Tbk Inventory Turnover Related Terms

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PT Indocement Tunggal Prakarsa Tbk (PT Indocement Tunggal Prakarsa Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Indocement Tunggal Prakarsa Tbk (OTCPK:PITPY) » Definitions » Inventory Turnover

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INTP:Indonesia ITP:Germany

Address

Jalan Jenderal Sudirman Kavling 70-71, Wisma Indocement, 13th Floor, Jakarta, IDN, 12910

Website

https://www.indocement.co.id

PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement, concrete, and cement-related products. The firm operates in three segments cement, ready-mix concrete, and aggregates quarries. The Cement segment, which generates the vast majority of revenue, sells cement under the Tiga Roda brand, primarily to retailers and the residential construction industry. The Ready-Mix Concrete segment sells concrete to the building and construction industries.

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