PT Gozco Plantations Tbk (ISX:GZCO) Inventory Turnover : 2.73 (As of Mar. 2024)

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What is PT Gozco Plantations 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 Gozco Plantations Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp171,803 Mil. PT Gozco Plantations Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp63,036 Mil. PT Gozco Plantations Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Gozco Plantations Tbk's Days Inventory for the three months ended in Mar. 2024 was 33.48.

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 Gozco Plantations Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

PT Gozco Plantations Tbk Inventory Turnover Historical Data

The historical data trend for PT Gozco Plantations 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 Gozco Plantations Tbk Inventory Turnover Chart

PT Gozco Plantations Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.07

9.89

9.79

3.12

4.62

PT Gozco Plantations Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.52	1.18	0.89	1.48	2.73

PT Gozco Plantations Tbk Inventory Turnover Calculation

PT Gozco Plantations 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 )
=	650681	/ (	(210937	+	70661)	/	2 )
=	650681	/	140799
=	4.62

PT Gozco Plantations 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 )
=	171803	/ (	(70661	+	55411)	/	2 )
=	171803	/	63036
=	2.73

PT Gozco Plantations Tbk (ISX:GZCO) 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 Gozco Plantations 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
	=	63036	/	171803	*	365 / 4
	=	33.48

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 Gozco Plantations 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 )
	=	63036	/	152438
	=	0.41

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 Gozco Plantations Tbk Inventory Turnover Related Terms

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PT Gozco Plantations Tbk (ISX:GZCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Gozco Plantations Tbk (ISX:GZCO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Pasar Minggu No. 32, Gedung Gozco, South Jakarta, IDN, 12780

Website

http://www.gozco.com

PT Gozco Plantations Tbk is an Indonesia-based company engaged in developing and operating palm oil plantations, trading, and processing crude palm oil, and palm kernel. It generates the majority of its revenue from Crude Palm Oil sales. PT Gozco Plantations also produces fresh fruit bunches. The organization only caters to the Indonesian market.

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