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PT Gowa Makassar Tourism Development Tbk (ISX:GMTD) Inventory Turnover : 0.12 (As of Dec. 2023)


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What is PT Gowa Makassar Tourism Development 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 Gowa Makassar Tourism Development Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp64,372 Mil. PT Gowa Makassar Tourism Development Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was Rp543,379 Mil. PT Gowa Makassar Tourism Development Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.12.

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 three months ended in Dec. 2023 was 770.26.

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 quarter that ended in Dec. 2023 was 3.99.

PT Gowa Makassar Tourism Development Tbk Inventory Turnover Historical Data

The historical data trend for PT Gowa Makassar Tourism Development 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.

* Premium members only.

PT Gowa Makassar Tourism Development Tbk Inventory Turnover Chart

PT Gowa Makassar Tourism Development Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.31 0.26 0.18 0.42 0.40

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
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.26 0.09 0.05 0.09 0.12

PT Gowa Makassar Tourism Development Tbk Inventory Turnover Calculation

PT Gowa Makassar Tourism Development 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 )
=195326.304 / ((442842.781 + 529011.383) / 2 )
=195326.304 / 485927.082
=0.40

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

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=64371.883 / ((557747.264 + 529011.383) / 2 )
=64371.883 / 543379.3235
=0.12

* 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.

PT Gowa Makassar Tourism Development Tbk  (ISX:GMTD) 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 Gowa Makassar Tourism Development Tbk's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=543379.3235/64371.883*365 / 4
=770.26

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=543379.3235 / 136252.06
=3.99

* 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.

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 Gowa Makassar Tourism Development Tbk Inventory Turnover Related Terms

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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 » Inventory Turnover
Comparable Companies
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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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