PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) Inventory Turnover : 8.88 (As of Sep. 2024)

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What is PT Garuda Indonesia (Persero) 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 Garuda Indonesia (Persero) Tbk's Cost of Goods Sold for the three months ended in Sep. 2024 was Rp11,537,776 Mil. PT Garuda Indonesia (Persero) Tbk's Average Total Inventories for the quarter that ended in Sep. 2024 was Rp1,299,707 Mil. PT Garuda Indonesia (Persero) Tbk's Inventory Turnover for the quarter that ended in Sep. 2024 was 8.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Garuda Indonesia (Persero) Tbk's Days Inventory for the three months ended in Sep. 2024 was 10.28.

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 Garuda Indonesia (Persero) Tbk's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.09.

PT Garuda Indonesia (Persero) Tbk Inventory Turnover Historical Data

The historical data trend for PT Garuda Indonesia (Persero) 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 Garuda Indonesia (Persero) Tbk Inventory Turnover Chart

PT Garuda Indonesia (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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25.08

22.01

26.23

32.40

24.89

PT Garuda Indonesia (Persero) Tbk Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															8.57	6.20	5.85	7.26	8.88

PT Garuda Indonesia (Persero) Tbk Inventory Turnover Calculation

PT Garuda Indonesia (Persero) 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 )
=	35614597.095	/ (	(1069488.601	+	1792047.506)	/	2 )
=	35614597.095	/	1430768.0535
=	24.89

PT Garuda Indonesia (Persero) Tbk's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	11537776.12	/ (	(1442921.516	+	1156492.368)	/	2 )
=	11537776.12	/	1299706.942
=	8.88

PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) 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 Garuda Indonesia (Persero) Tbk's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1299706.942	/	11537776.12	*	365 / 4
	=	10.28

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 Garuda Indonesia (Persero) Tbk's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1299706.942	/	14510889.087
	=	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.

PT Garuda Indonesia (Persero) Tbk Inventory Turnover Related Terms

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PT Garuda Indonesia (Persero) Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Garuda Indonesia (Persero) Tbk (ISX:GIAA) » Definitions » Inventory Turnover

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Address

Jalan Kebon Sirih No. 46A, Jakarta, IDN, 10110

Website

https://www.garuda-indonesia.com

PT Garuda Indonesia (Persero) Tbk provides airline services in Indonesia and internationally. It operates through Flight Operations, Aircraft Maintenance, and Others segments. It provides scheduled and non-scheduled airline services for domestic and international markets; and aircraft repair, maintenance, and overhaul services. The company also offers computerized reservation system (CRS); training facilities for the employees of travel agencies; technical assistance in the CRS for travel agents, as well as rents computer equipment for travel agents.

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