PT GTS Internasional Tbk (ISX:GTSI) Inventory Turnover : 2.68 (As of Mar. 2024)

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What is PT GTS Internasional 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 GTS Internasional Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp89,875 Mil. PT GTS Internasional Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp33,507 Mil. PT GTS Internasional Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT GTS Internasional Tbk's Days Inventory for the three months ended in Mar. 2024 was 34.02.

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 GTS Internasional Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

PT GTS Internasional Tbk Inventory Turnover Historical Data

The historical data trend for PT GTS Internasional 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 GTS Internasional Tbk Inventory Turnover Chart

PT GTS Internasional Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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112.85

19.90

19.19

21.71

13.73

PT GTS Internasional Tbk Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												5.19	0.36	3.67	7.57	2.68

PT GTS Internasional Tbk Inventory Turnover Calculation

PT GTS Internasional 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 )
=	338041.891	/ (	(19144.642	+	30092.018)	/	2 )
=	338041.891	/	24618.33
=	13.73

PT GTS Internasional Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	89875.239	/ (	(30092.018	+	36921.303)	/	2 )
=	89875.239	/	33506.6605
=	2.68

PT GTS Internasional Tbk (ISX:GTSI) 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 GTS Internasional Tbk's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	33506.6605	/	89875.239	*	365 / 4
	=	34.02

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 GTS Internasional Tbk's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	33506.6605	/	116991.97
	=	0.29

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 GTS Internasional Tbk Inventory Turnover Related Terms

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PT GTS Internasional Tbk (ISX:GTSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT GTS Internasional Tbk (ISX:GTSI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Jend. Gatot Subroto Kav.1-3, Mangkuluhur City Tower One, 26 th Floor, Jakarta, IDN, 12930

Website

https://www.gtsi.co.id

PT GTS Internasional Tbk is engaged in the distribution of natural and artificial gas, and domestic and foreign sea transportation for special goods. The company has three business segments, namely: LNG Transportation; LNG Storage & Regasification, and Ship Management.

PT GTS Internasional Tbk (ISX:GTSI) Headlines

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