PT Buana Lintas Lautan Tbk (ISX:BULL) Inventory Turnover : 4.01 (As of Mar. 2024)

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What is PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp360,719 Mil. PT Buana Lintas Lautan Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp89,983 Mil. PT Buana Lintas Lautan Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Buana Lintas Lautan Tbk's Days Inventory for the three months ended in Mar. 2024 was 22.76.

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 Buana Lintas Lautan Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

PT Buana Lintas Lautan Tbk Inventory Turnover Historical Data

The historical data trend for PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk Inventory Turnover Chart

PT Buana Lintas Lautan Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.34

26.62

26.93

15.73

16.88

PT Buana Lintas Lautan 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															3.01	3.18	5.72	5.96	4.01

PT Buana Lintas Lautan Tbk Inventory Turnover Calculation

PT Buana Lintas Lautan 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 )
=	1302188.917	/ (	(75870.672	+	78436.572)	/	2 )
=	1302188.917	/	77153.622
=	16.88

PT Buana Lintas Lautan 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 )
=	360718.816	/ (	(78436.572	+	101529.729)	/	2 )
=	360718.816	/	89983.1505
=	4.01

PT Buana Lintas Lautan Tbk (ISX:BULL) 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 Buana Lintas Lautan 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
	=	89983.1505	/	360718.816	*	365 / 4
	=	22.76

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 Buana Lintas Lautan 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 )
	=	89983.1505	/	612169.076
	=	0.15

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 Buana Lintas Lautan Tbk Inventory Turnover Related Terms

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PT Buana Lintas Lautan Tbk (ISX:BULL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Buana Lintas Lautan Tbk (ISX:BULL) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Jalan Mega Kuningan Timur, Block C-6 Kav. 12A, South Jakarta, Mega Kuningan, Jakarta, IDN, 12950

Website

https://www.bull.co.id

PT Buana Lintas Lautan Tbk is a shipping company. The company is engaged in providing services such as Chartering and vessel operations, Shipping agency services, Ship management services, and Crew management services. The group's reportable segments are engaged based on the type of vessels chartered in Gas, Oil, FPSO and FSO, Chemical, and Others. Key revenue is generated from the Gas and Oil, FPSO, and FSO segment. The gas tankers segment of the company provides maritime transportation of liquified gas, which includes LPG, propylene, propane, and LNG. Oil and FPSO tankers provide maritime transportation of lubricating oil, crude oil, and petroleum products, floating tanker facility for production, storage, and off-loading of oil.

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