PT Golden Plantation Tbk (ISX:GOLL) Inventory Turnover: 1.06 (As of Sep. 2021)


What is PT Golden Plantation Tbk Inventory Turnover?

PT Golden Plantation Tbk ISX:GOLL Inventory Turnover is 1.06 as of Sep. 2021.

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 Golden Plantation Tbk's Cost of Goods Sold for the three months ended in Sep. 2021 was Rp1,754 Mil. PT Golden Plantation Tbk's Average Total Inventories for the quarter that ended in Sep. 2021 was Rp1,654 Mil. PT Golden Plantation Tbk's Inventory Turnover for the quarter that ended in Sep. 2021 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Golden Plantation Tbk's Days Inventory for the three months ended in Sep. 2021 was 86.04.

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 Golden Plantation Tbk's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 1.71.

PT Golden Plantation Tbk  (ISX:GOLL) 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 Golden Plantation Tbk's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2021 )/Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=1653.526/1753.582*365 / 4
=86.04

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 Golden Plantation Tbk's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=1653.526 / 968.977
=1.71

* 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.

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 Golden Plantation Tbk Inventory Turnover Related Terms

PT Golden Plantation Tbk Inventory Turnover Historical Data

* Premium members only.

The historical data trend for PT Golden Plantation 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.

PT Golden Plantation Tbk Inventory Turnover Chart

PT Golden Plantation Tbk Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Inventory Turnover
Get a 7-Day Free Trial 2.02 4.47 3.96 1.70 0.42

PT Golden Plantation Tbk Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 2.17 1.32 1.27 1.06

PT Golden Plantation Tbk Inventory Turnover Calculation

PT Golden Plantation Tbk's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Inventory Turnover (A: Dec. 2020 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2020 ) / ((Total Inventories (A: Dec. 2019 ) + Total Inventories (A: Dec. 2020 )) / count )
=8560.36 / ((39220.338 + 1690.104) / 2 )
=8560.36 / 20455.221
=0.42

PT Golden Plantation Tbk's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover (Q: Sep. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2021 ) / ((Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Sep. 2021 )) / count )
=1753.582 / ((1653.526 + 1653.526) / 2 )
=1753.582 / 1653.526
=1.06

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.06 mean?
PT Golden Plantation Tbk (ISX:GOLL) has a Inventory Turnover of 1.06 as of Sep. 2021. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on PT Golden Plantation Tbk and its competitors.
Is PT Golden Plantation Tbk's Inventory Turnover too high?
PT Golden Plantation Tbk's current Inventory Turnover is 1.06.
How does PT Golden Plantation Tbk's Inventory Turnover compare to competitors?
PT Golden Plantation Tbk's Inventory Turnover of 1.06 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on PT Golden Plantation Tbk and its competitors. PT Golden Plantation Tbk's current Inventory Turnover is 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Golden Plantation Tbk stock overvalued right now?
PT Golden Plantation Tbk (ISX:GOLL) has a current Inventory Turnover of 1.06. The current Inventory Turnover is 1.06. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For PT Golden Plantation Tbk (ISX:GOLL), the current Inventory Turnover is 1.06 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Golden Plantation Tbk Business Description

Address Jalan Dr. Ide Anak Agung Gde Agung Kav.E.1.2 No.1 & 2, Plaza Mutiara building 8th Floor, Suite 801, Mega Kuningan, East Kuningan, Setiabudi, South Jakarta, Jakarta, IDN, 12950
PT Golden Plantation Tbk is engaged in the manufacturing of palm oil. The company's operating segment is palm oil plantations located in several areas in Indonesia. The company has around nine oil palm plantations, located in South Kalimantan, Central Kalimantan, West Kalimantan, Riau, South Sumatra, and Jambi. The sale of crude palm oil generates maximum revenue for the company. The company sells three products as principal sales, namely Crude Palm Oil, Fresh Fruit Bunches, and Palm Kernel.