PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Inventory Turnover : 3.65 (As of Dec. 2023)

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What is PT Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was $417 Mil. PT Indo Tambangraya Megah Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was $114 Mil. PT Indo Tambangraya Megah Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Indo Tambangraya Megah Tbk's Days Inventory for the three months ended in Dec. 2023 was 25.02.

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 Indo Tambangraya Megah Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

PT Indo Tambangraya Megah Tbk Inventory Turnover Historical Data

The historical data trend for PT Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk Inventory Turnover Chart

PT Indo Tambangraya Megah Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.20

12.06

18.92

21.97

16.82

PT Indo Tambangraya Megah 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															5.92	4.47	4.97	3.57	3.65

PT Indo Tambangraya Megah Tbk Inventory Turnover Calculation

PT Indo Tambangraya Megah 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 )
=	1631.773	/ (	(96.09	+	97.971)	/	2 )
=	1631.773	/	97.0305
=	16.82

PT Indo Tambangraya Megah 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 )
=	417.041	/ (	(130.737	+	97.971)	/	2 )
=	417.041	/	114.354
=	3.65

PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) 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 Indo Tambangraya Megah 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
	=	114.354	/	417.041	*	365 / 4
	=	25.02

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 Indo Tambangraya Megah 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 )
	=	114.354	/	547.653
	=	0.21

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 Indo Tambangraya Megah Tbk Inventory Turnover Related Terms

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PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) » Definitions » Inventory Turnover

Traded in Other Exchanges

PTIZF:USA ITMG:Indonesia 3IB:Germany

Address

Jalan Sultan Iskandar Muda, Pondok Indah Office Tower III, 3rd Floor, Kav V-TA, Jakarta, IDN, 12310

Website

https://www.itmg.co.id

PT Indo Tambangraya Megah Tbk is an Indonesia-based coal mining company. It operates in three segments: Upstream business, which includes coal mining, blending, and sales; Energy supply chain management segment includes fuel distribution, sales, and logistics, as well as empowerment of internal mining contractors; and Downstream segment includes the development of power plants and renewable energy ventures. The company's geographical segments include Taiwan, China, Hong Kong, and Korea; Domestic; South East Asia (excluding Indonesia), India, and Pakistan; Japan; Europe; and Australia & Oceania.

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