PT Gunung Raja Paksi Tbk (ISX:GGRP) Inventory Turnover : 0.69 (As of Mar. 2024)

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What is PT Gunung Raja Paksi 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 Gunung Raja Paksi Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp2,154,632 Mil. PT Gunung Raja Paksi Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp3,135,012 Mil. PT Gunung Raja Paksi Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Gunung Raja Paksi Tbk's Days Inventory for the three months ended in Mar. 2024 was 132.77.

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 Gunung Raja Paksi Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.25.

PT Gunung Raja Paksi Tbk Inventory Turnover Historical Data

The historical data trend for PT Gunung Raja Paksi 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 Gunung Raja Paksi Tbk Inventory Turnover Chart

PT Gunung Raja Paksi Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.34

2.68

3.22

3.79

2.66

PT Gunung Raja Paksi 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															0.68	0.48	0.65	0.73	0.69

PT Gunung Raja Paksi Tbk Inventory Turnover Calculation

PT Gunung Raja Paksi 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 )
=	9728401.038	/ (	(4062250.762	+	3241335.827)	/	2 )
=	9728401.038	/	3651793.2945
=	2.66

PT Gunung Raja Paksi 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 )
=	2154631.658	/ (	(3241335.827	+	3028687.621)	/	2 )
=	2154631.658	/	3135011.724
=	0.69

PT Gunung Raja Paksi Tbk (ISX:GGRP) 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 Gunung Raja Paksi 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
	=	3135011.724	/	2154631.658	*	365 / 4
	=	132.77

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 Gunung Raja Paksi 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 )
	=	3135011.724	/	2505931.303
	=	1.25

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 Gunung Raja Paksi Tbk Inventory Turnover Related Terms

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PT Gunung Raja Paksi Tbk (ISX:GGRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Gunung Raja Paksi Tbk (ISX:GGRP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Perjuangan No. 8, Kp.Tangsi RT. 004/006, Sukadanau Village, West Cikarang Subdistrict, West Java, Bekasi, IDN, 17530

Website

https://www.gunungrajapaksi.com

PT Gunung Raja Paksi Tbk is an Indonesia based company engaged in the production of flat steel products consisting of plates (sheet) and coils. The company's operating segment includes Steel sheet and its downstream and Steel bar and its downstream. It generates maximum revenue from the Steel sheet and its downstream segment.

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