GARPF (Golden Agri-Resources) Inventory Turnover : 2.59 (As of Dec. 2024)

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What is Golden Agri-Resources 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. Golden Agri-Resources's Cost of Goods Sold for the six months ended in Dec. 2024 was $4,635 Mil. Golden Agri-Resources's Average Total Inventories for the quarter that ended in Dec. 2024 was $1,792 Mil. Golden Agri-Resources's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Agri-Resources's Days Inventory for the six months ended in Dec. 2024 was 70.57.

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. Golden Agri-Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.31.

Golden Agri-Resources Inventory Turnover Historical Data

The historical data trend for Golden Agri-Resources'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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Golden Agri-Resources Inventory Turnover Chart

Golden Agri-Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.64

6.27

5.39

4.92

4.91

Golden Agri-Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.48	2.53	2.53	2.71	2.59

Golden Agri-Resources Inventory Turnover Calculation

Golden Agri-Resources's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	8857.223	/ (	(1570.086	+	2036.168)	/	2 )
=	8857.223	/	1803.127
=	4.91

Golden Agri-Resources's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	4635.328	/ (	(1548.466	+	2036.168)	/	2 )
=	4635.328	/	1792.317
=	2.59

Golden Agri-Resources (OTCPK:GARPF) 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.

Golden Agri-Resources's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1792.317	/	4635.328	*	365 / 2
	=	70.57

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.

Golden Agri-Resources's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1792.317	/	5767.837
	=	0.31

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.

Golden Agri-Resources Inventory Turnover Related Terms

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Golden Agri-Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Golden Agri-Resources Ltd (OTCPK:GARPF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

GARPY:USA E5H:Singapore 4G3A:Germany

Address

C/o IQ EQ Corporate Services (Mauritius) Ltd, 33 Edith Cavell Street, Port Louis, MUS, 11324

Website

https://www.goldenagri.com.sg

Golden Agri-Resources Ltd is an integrated palm oil plantation company. It operates through two segments namely Plantations and palm oil mills, and Palm, laurics, and others. The plantation and palm oil mills segment comprises the products from the upstream business. The Palm, laurics and others comprise the processing and merchandising of palm and oilseed-based products i.e. bulk, branded, oleo-chemicals and other vegetable oils. The majority of the revenue is generated from the Palm, laurics and other segments. Geographically, the company operates in China, Indonesia, India, Rest of Asia, Europe and Others.