PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Days Inventory : 50.05 (As of Mar. 2024)

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What is PT Sinar Mas Agro Resources & Technology Tbk Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PT Sinar Mas Agro Resources & Technology Tbk's Average Total Inventories for the three months ended in Mar. 2024 was Rp8,868,029 Mil. PT Sinar Mas Agro Resources & Technology Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp16,166,530 Mil. Hence, PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory for the three months ended in Mar. 2024 was 50.05.

The historical rank and industry rank for PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory or its related term are showing as below:

ISX:SMAR' s Days Inventory Range Over the Past 10 Years
Min: 40.66 Med: 53.02 Max: 57.21
Current: 53.45

During the past 13 years, PT Sinar Mas Agro Resources & Technology Tbk's highest Days Inventory was 57.21. The lowest was 40.66. And the median was 53.02.

ISX:SMAR's Days Inventory is ranked better than
72.32% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 82.1 vs ISX:SMAR: 53.45

PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory declined from Mar. 2023 (51.70) to Mar. 2024 (50.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. PT Sinar Mas Agro Resources & Technology Tbk's Inventory Turnover for the three months ended in Mar. 2024 was 1.82.

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 Sinar Mas Agro Resources & Technology Tbk's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.50.

PT Sinar Mas Agro Resources & Technology Tbk Days Inventory Historical Data

The historical data trend for PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk Days Inventory Chart

PT Sinar Mas Agro Resources & Technology Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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57.21

51.86

49.81

49.38

55.00

PT Sinar Mas Agro Resources & Technology Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															51.70	57.55	55.96	51.60	50.05

Competitive Comparison of PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory

For the Farm Products subindustry, PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory distribution charts can be found below:

* The bar in red indicates where PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory falls into.

PT Sinar Mas Agro Resources & Technology Tbk Days Inventory Calculation

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

PT Sinar Mas Agro Resources & Technology 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
=	( (8961163	+	9050809)	/	2 )	/	59769661	*	365
=	9005986					/	59769661	*	365
=	55.00

PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (9050809	+	8685248)	/	2 )	/	16166530	*	365 / 4
=	8868028.5					/	16166530	*	365 / 4
=	50.05

PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) 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 Sinar Mas Agro Resources & Technology Tbk's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16166530	/	8868028.5
	=	1.82

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 Sinar Mas Agro Resources & Technology Tbk's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8868028.5	/	17882988
	=	0.50

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 Sinar Mas Agro Resources & Technology Tbk Days Inventory Related Terms

Thank you for viewing the detailed overview of PT Sinar Mas Agro Resources & Technology Tbk's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan MH Thamrin No. 51, Tower II, 28th-30th Floor, Sinar Mas Land Plaza, Jakarta, IDN, 10350

Website

https://www.smart-tbk.com

PT Sinar Mas Agro Resources & Technology Tbk is involved in the business of cultivating and harvesting oil palm trees, processing fresh fruit bunches into crude palm oil and palm kernel, and refining crude palm oil into value-added products. The firm's products include cooking oil, fat, margarine, crude palm oil, palm kernel, cocoa butter substitute, etc. Its scope of activities comprises plantation development, agriculture, trading, refining of plantation products, management services, and research related to the business.