PT Bumi Resources Minerals Tbk (ISX:BRMS) Inventory Turnover : 1.74 (As of Mar. 2024)

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What is PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp176,128 Mil. PT Bumi Resources Minerals Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp101,144 Mil. PT Bumi Resources Minerals Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Bumi Resources Minerals Tbk's Days Inventory for the three months ended in Mar. 2024 was 52.40.

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 Bumi Resources Minerals Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

PT Bumi Resources Minerals Tbk Inventory Turnover Historical Data

The historical data trend for PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk Inventory Turnover Chart

PT Bumi Resources Minerals Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.19

0.45

0.56

0.64

2.86

PT Bumi Resources Minerals Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.21	0.40	0.59	0.50	1.74

PT Bumi Resources Minerals Tbk Inventory Turnover Calculation

PT Bumi Resources Minerals 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 )
=	314193.35	/ (	(148013.094	+	71668.951)	/	2 )
=	314193.35	/	109841.0225
=	2.86

PT Bumi Resources Minerals Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	176127.719	/ (	(71668.951	+	130619.707)	/	2 )
=	176127.719	/	101144.329
=	1.74

PT Bumi Resources Minerals Tbk (ISX:BRMS) 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 Bumi Resources Minerals Tbk's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	101144.329	/	176127.719	*	365 / 4
	=	52.40

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 Bumi Resources Minerals Tbk's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	101144.329	/	313345.471
	=	0.32

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 Bumi Resources Minerals Tbk Inventory Turnover Related Terms

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PT Bumi Resources Minerals Tbk (ISX:BRMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Bumi Resources Minerals Tbk (ISX:BRMS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BUR:Germany

Address

Jalan H.R. Rasuna Said Kuningan, Bakrie Tower, 6th and 10th Floors, Complex Rasuna Epicentrum, Kuningan, Jakarta, IDN, 12940

Website

https://www.bumiresourcesminerals.com

PT Bumi Resources Minerals Tbk is an Indonesia-based company primarily engaged in mining. The company's assets include copper, gold, zinc, lead, and other valuable metals. The group classifies its mining business into three core business segments which include Mining and services, investments, and holding companies. The investments segment consists of investment in shares of stock, funding, and financing. The holding company's activities include the setup of joint capital for the development of mines. Its mining and services segment of metal minerals is under exploration and development stages.

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