PT Essa Industries Indonesia Tbk (ISX:ESSA) Inventory Turnover : 1.74 (As of Dec. 2024)

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What is PT Essa Industries Indonesia 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 Essa Industries Indonesia Tbk's Cost of Goods Sold for the three months ended in Dec. 2024 was Rp715,374 Mil. PT Essa Industries Indonesia Tbk's Average Total Inventories for the quarter that ended in Dec. 2024 was Rp410,787 Mil. PT Essa Industries Indonesia Tbk's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Essa Industries Indonesia Tbk's Days Inventory for the three months ended in Dec. 2024 was 52.40.

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 Essa Industries Indonesia Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.36.

PT Essa Industries Indonesia Tbk Inventory Turnover Historical Data

The historical data trend for PT Essa Industries Indonesia 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 Essa Industries Indonesia Tbk Inventory Turnover Chart

PT Essa Industries Indonesia Tbk Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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9.05

7.17

13.25

8.91

7.37

PT Essa Industries Indonesia Tbk Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.40	1.75	2.06	2.02	1.74

PT Essa Industries Indonesia Tbk Inventory Turnover Calculation

PT Essa Industries Indonesia Tbk'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 )
=	3100701.727	/ (	(385631.035	+	455593.614)	/	2 )
=	3100701.727	/	420612.3245
=	7.37

PT Essa Industries Indonesia Tbk'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: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	715373.859	/ (	(365979.413	+	455593.614)	/	2 )
=	715373.859	/	410786.5135
=	1.74

PT Essa Industries Indonesia Tbk (ISX:ESSA) 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 Essa Industries Indonesia Tbk's Days Inventory for the three 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
	=	410786.5135	/	715373.859	*	365 / 4
	=	52.40

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 Essa Industries Indonesia Tbk'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 )
	=	410786.5135	/	1143113.258
	=	0.36

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 Essa Industries Indonesia Tbk Inventory Turnover Related Terms

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PT Essa Industries Indonesia Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PT Essa Industries Indonesia Tbk (ISX:ESSA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Prof. Dr. Satrio, Kav. 3-5, DBS Bank Tower, 18th Floor, Ciputra World 1 Jakarta, Jakarta, IDN, 12940

Website

https://www.essa.id

PT Essa Industries Indonesia Tbk owns and operates privately owned domestic liquefied petroleum gas (LPG) refinery in Indonesia. Its main business is the refining and processing of natural gas to produce LPG (mixture of Propane and Butane), condensate, methanol, carbonation and gasification of coal, or other hydrocarbon materials. The principal products of the company include LPG, Condensate and Ammonia. It is also engaged in other activities such as crude oil mining, Wholesale trade in gas, liquid and solid fuels and similar products, Gas distribution and supporting service activities related to oil and gas mining carried out on a fee or contract basis. The company's segments are; LPG refinery, Ammonia which generates key revenue, and others.