PT Astra Agro Lestari Tbk (PT Astra Agro Lestari Tbk) Inventory Turnover : 1.47 (As of Mar. 2024)

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What is PT Astra Agro Lestari 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 Astra Agro Lestari Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was $274 Mil. PT Astra Agro Lestari Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was $186 Mil. PT Astra Agro Lestari Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Astra Agro Lestari Tbk's Days Inventory for the three months ended in Mar. 2024 was 61.97.

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 Astra Agro Lestari Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

PT Astra Agro Lestari Tbk Inventory Turnover Historical Data

The historical data trend for PT Astra Agro Lestari 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 Astra Agro Lestari Tbk Inventory Turnover Chart

PT Astra Agro Lestari Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.65

6.86

6.76

5.11

5.66

PT Astra Agro Lestari 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															1.30	1.21	1.60	1.39	1.47

PT Astra Agro Lestari Tbk Inventory Turnover Calculation

PT Astra Agro Lestari 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 )
=	1165.963	/ (	(215.829	+	196.001)	/	2 )
=	1165.963	/	205.915
=	5.66

PT Astra Agro Lestari 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 )
=	273.593	/ (	(196.001	+	175.604)	/	2 )
=	273.593	/	185.8025
=	1.47

PT Astra Agro Lestari Tbk (OTCPK:AAGRY) 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 Astra Agro Lestari 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
	=	185.8025	/	273.593	*	365 / 4
	=	61.97

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 Astra Agro Lestari 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 )
	=	185.8025	/	311.36
	=	0.60

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 Astra Agro Lestari Tbk Inventory Turnover Related Terms

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PT Astra Agro Lestari Tbk (PT Astra Agro Lestari Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Astra Agro Lestari Tbk (OTCPK:AAGRY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AALI:Indonesia ASX:Germany

Address

Jalan Puloayang Raya Blok OR-1, Kawasan Industri Pulogadung, Jakarta, IDN, 13930

Website

https://www.astra-agro.co.id

PT Astra Agro Lestari Tbk cultivates oil palm plantations and operates several oil palm mills and refineries in Southeast Asia. The company produces crude palm oil and palm kernel oil from its own plantations. Additionally, it purchases products harvested from oil palm trees from smaller third parties in communities surrounding its own plantations. The oils and products harvested are shipped to oil mills and refineries as the company can generate multiple uses from a single plant. Astra Agro Lestari has established marketing offices to help export its refined product to various regions located throughout Asia. It has implemented mechanization, automation, and a water management system to streamline processes and enhance efficiency.

PT Astra Agro Lestari Tbk (PT Astra Agro Lestari Tbk) Headlines

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