PT Elnusa Tbk (ISX:ELSA) Inventory Turnover : 5.10 (As of Jun. 2024)

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What is PT Elnusa 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 Elnusa Tbk's Cost of Goods Sold for the three months ended in Jun. 2024 was Rp2,864,905 Mil. PT Elnusa Tbk's Average Total Inventories for the quarter that ended in Jun. 2024 was Rp562,125 Mil. PT Elnusa Tbk's Inventory Turnover for the quarter that ended in Jun. 2024 was 5.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Elnusa Tbk's Days Inventory for the three months ended in Jun. 2024 was 17.90.

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 Elnusa Tbk's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.18.

PT Elnusa Tbk Inventory Turnover Historical Data

The historical data trend for PT Elnusa 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 Elnusa Tbk Inventory Turnover Chart

PT Elnusa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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39.51

28.70

25.13

30.28

25.82

PT Elnusa Tbk Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															6.18	6.03	6.92	5.84	5.10

PT Elnusa Tbk Inventory Turnover Calculation

PT Elnusa 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 )
=	11394689	/ (	(429814	+	452691)	/	2 )
=	11394689	/	441252.5
=	25.82

PT Elnusa Tbk's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2864905	/ (	(500281	+	623969)	/	2 )
=	2864905	/	562125
=	5.10

PT Elnusa Tbk (ISX:ELSA) 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 Elnusa Tbk's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	562125	/	2864905	*	365 / 4
	=	17.90

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 Elnusa Tbk's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	562125	/	3209630
	=	0.18

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 Elnusa Tbk Inventory Turnover Related Terms

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PT Elnusa Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Elnusa Tbk (ISX:ELSA) » Definitions » Inventory Turnover

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Address

Jalan T.B. Simatupang Kav. 1 B, Graha Elnusa, 16th Floor, Jakarta, IDN, 12560

Website

https://www.elnusa.co.id

PT Elnusa Tbk is an Indonesian company which provides oil and gas services. The business activities of the group are operated through Upstream oil and gas service, Oil and gas support service, and Energy distribution and logistics services segments. The Upstream oil and gas services segment provides geophysical/seismic data services, oil, and gas drilling service and oilfield services; Oil and gas support services segment provides threading services, threading for oil and gas drilling, data and information on energy and mineral resources management services, oil and gas data management services and others; and Energy distribution and logistics services segment is a key revenue driver that provides storage services, trading, distribution and marketing of oil and gas products in Indonesia.

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