PT Astra International Tbk (PT Astra International Tbk) Inventory Turnover : 1.51 (As of Dec. 2023)

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What is PT Astra International 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 International Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,628 Mil. PT Astra International Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,400 Mil. PT Astra International Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Astra International Tbk's Days Inventory for the three months ended in Dec. 2023 was 60.36.

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 International Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

PT Astra International Tbk Inventory Turnover Historical Data

The historical data trend for PT Astra International 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 International Tbk Inventory Turnover Chart

PT Astra International Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.52

6.40

9.13

8.21

6.87

PT Astra International 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															1.97	2.05	1.86	1.80	1.51

PT Astra International Tbk Inventory Turnover Calculation

PT Astra International 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 )
=	15779.385	/ (	(2054.733	+	2538.791)	/	2 )
=	15779.385	/	2296.762
=	6.87

PT Astra International 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 )
=	3627.984	/ (	(2261.175	+	2538.791)	/	2 )
=	3627.984	/	2399.983
=	1.51

PT Astra International Tbk (OTCPK:PTAIY) 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 International 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
	=	2399.983	/	3627.984	*	365 / 4
	=	60.36

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 International 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 )
	=	2399.983	/	4907.369
	=	0.49

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 International Tbk Inventory Turnover Related Terms

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PT Astra International Tbk (PT Astra International Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Astra International Tbk (OTCPK:PTAIY) » Definitions » Inventory Turnover

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ASII:Indonesia ASJA:Germany

Address

Jl. Jend. Sudirman Kav. 5-6, Menara Astra, 59th Floor, Jakarta, IDN, 10220

Website

https://www.astra.co.id

PT Astra International Tbk Indonesia-based conglomerate of companies operating in seven segments: Automotive, Financial Services, Heavy Equipment, Mining, Construction, and Energy (HEMCE), Agribusiness, Infrastructure and Logistics, Information Technology, and Property. In automotive, Astra International offers car brands including Toyota, Daihatsu, Isuzu, BMW, Peugeot, UD Trucks, and Honda motorcycles. The company also offers car maintenance and services via its distribution network. Financial services support financing for Astra's other business segments. Heavy equipment and mining consist of three core activities: construction machinery, mining contracting, and coal mining.

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