PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Days Inventory : 770.26 (As of Dec. 2023)

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What is PT Gowa Makassar Tourism Development Tbk Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PT Gowa Makassar Tourism Development Tbk's Average Total Inventories for the three months ended in Dec. 2023 was Rp543,379 Mil. PT Gowa Makassar Tourism Development Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp64,372 Mil. Hence, PT Gowa Makassar Tourism Development Tbk's Days Inventory for the three months ended in Dec. 2023 was 770.26.

The historical rank and industry rank for PT Gowa Makassar Tourism Development Tbk's Days Inventory or its related term are showing as below:

ISX:GMTD' s Days Inventory Range Over the Past 10 Years
Min: 869.1 Med: 1227.32 Max: 2034.82
Current: 1009.42

During the past 12 years, PT Gowa Makassar Tourism Development Tbk's highest Days Inventory was 2034.82. The lowest was 869.10. And the median was 1227.32.

ISX:GMTD's Days Inventory is ranked worse than
60.66% of 1327 companies
in the Real Estate industry
Industry Median: 699.45 vs ISX:GMTD: 1009.42

PT Gowa Makassar Tourism Development Tbk's Days Inventory increased from Dec. 2022 (348.66) to Dec. 2023 (770.26). It might indicate that PT Gowa Makassar Tourism Development Tbk's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PT Gowa Makassar Tourism Development Tbk's Inventory Turnover for the three months ended in Dec. 2023 was 0.12.

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 Gowa Makassar Tourism Development Tbk's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.99.

PT Gowa Makassar Tourism Development Tbk Days Inventory Historical Data

The historical data trend for PT Gowa Makassar Tourism Development Tbk'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.

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PT Gowa Makassar Tourism Development Tbk Days Inventory Chart

PT Gowa Makassar Tourism Development Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1,173.87

1,403.09

2,034.82

869.10

908.04

PT Gowa Makassar Tourism Development Tbk 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															348.66	1,026.69	1,666.40	980.95	770.26

Competitive Comparison of PT Gowa Makassar Tourism Development Tbk's Days Inventory

For the Real Estate - Development subindustry, PT Gowa Makassar Tourism Development Tbk'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.

PT Gowa Makassar Tourism Development Tbk's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Gowa Makassar Tourism Development Tbk's Days Inventory distribution charts can be found below:

* The bar in red indicates where PT Gowa Makassar Tourism Development Tbk's Days Inventory falls into.

PT Gowa Makassar Tourism Development Tbk Days Inventory Calculation

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

PT Gowa Makassar Tourism Development Tbk'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
=	( (442842.781	+	529011.383)	/	2 )	/	195326.304	*	365
=	485927.082					/	195326.304	*	365
=	908.04

PT Gowa Makassar Tourism Development Tbk'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
=	( (557747.264	+	529011.383)	/	2 )	/	64371.883	*	365 / 4
=	543379.3235					/	64371.883	*	365 / 4
=	770.26

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) 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.

PT Gowa Makassar Tourism Development Tbk's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	64371.883	/	543379.3235
	=	0.12

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 Gowa Makassar Tourism Development Tbk's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	543379.3235	/	136252.06
	=	3.99

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.

PT Gowa Makassar Tourism Development Tbk Days Inventory Related Terms

Thank you for viewing the detailed overview of PT Gowa Makassar Tourism Development Tbk's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) » Definitions » Days Inventory

Comparable Companies

XTAE:YBOX BKK:CGD PHS:IRC HKSE:03366 BOM:514215 HKSE:00298 CAI:ZMID TSE:1814 XKLS:1503 SHSE:600890

Traded in Other Exchanges

N/A

Address

Jalan Metro Tanjung Bunga Mall GTC, GA-9 No. 1B, Tanjung Bunga, Sulawesi Selatan, Makassar, IDN, 90134

Website

https://www.tanjungbunga.com

PT Gowa Makassar Tourism Development Tbk engages in property development and investment business. It is involved in the development of residential estates, apartments, condominiums, hotels, recreational facilities, commercial complexes, real estate, and other supporting facilities. It classifies its business activities into two business segments, the Core segment which consists of sales of residential houses, shop houses, and ready-to-build land, and a supporting segment consisting of Akkarena tourism area management and urban management. Its projects include Residential and Commercial. Its organization is based in Indonesia and the majority of its revenues are derived from the real estate business.

PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Headlines

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