INDO (Indonesia Energy) Inventory Turnover : 9.39 (As of Dec. 2023)

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What is Indonesia Energy 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. Indonesia Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.43 Mil. Indonesia Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.15 Mil. Indonesia Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indonesia Energy's Days Inventory for the six months ended in Dec. 2023 was 19.43.

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. Indonesia Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Indonesia Energy Inventory Turnover Historical Data

The historical data trend for Indonesia Energy'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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Indonesia Energy Inventory Turnover Chart

Indonesia Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.40

9.97

15.23

31.61

27.06

Indonesia Energy Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial								6.82	12.43	14.79	16.00	9.39

Indonesia Energy Inventory Turnover Calculation

Indonesia Energy'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 )
=	3.653	/ (	(0.122	+	0.148)	/	2 )
=	3.653	/	0.135
=	27.06

Indonesia Energy'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.428	/ (	(0.156	+	0.148)	/	2 )
=	1.428	/	0.152
=	9.39

Indonesia Energy (AMEX:INDO) 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.

Indonesia Energy's Days Inventory for the six 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
	=	0.152	/	1.428	*	365 / 2
	=	19.43

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.

Indonesia Energy'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 )
	=	0.152	/	1.684
	=	0.09

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.

Indonesia Energy Inventory Turnover Related Terms

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Indonesia Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indonesia Energy Corp Ltd (AMEX:INDO) » Definitions » Inventory Turnover

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Address

Jalan Raya Pasar Minggu No. 17A, Gedung Graha Anugerah, Kelurahan Pancoran, Kecamatan Pancoran, Jakarta Selatan, Jakarta, IDN, 12780

Website

https://www.indo-energy.com

Indonesia Energy Corp Ltd is an oil and gas exploration and production company focused on Indonesia. Its portfolio consists of Kruh Block and Citarum Block. The company generates its revenue from oil and gas sales.