PT Harum Energy Tbk (ISX:HRUM) Inventory Turnover : 2.59 (As of Dec. 2023)

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What is PT Harum Energy 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 Harum Energy Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp3,084,910 Mil. PT Harum Energy Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was Rp1,190,190 Mil. PT Harum Energy Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Harum Energy Tbk's Days Inventory for the three months ended in Dec. 2023 was 35.21.

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 Harum Energy Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

PT Harum Energy Tbk Inventory Turnover Historical Data

The historical data trend for PT Harum Energy 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 Harum Energy Tbk Inventory Turnover Chart

PT Harum Energy Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.36

8.19

9.76

11.61

8.91

PT Harum Energy Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.76	3.39	3.35	1.96	2.59

PT Harum Energy Tbk Inventory Turnover Calculation

PT Harum Energy 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 )
=	8372703.21	/ (	(679563.999	+	1199410.492)	/	2 )
=	8372703.21	/	939487.2455
=	8.91

PT Harum Energy Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3084909.747	/ (	(1180969.474	+	1199410.492)	/	2 )
=	3084909.747	/	1190189.983
=	2.59

PT Harum Energy Tbk (ISX:HRUM) 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 Harum Energy Tbk's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1190189.983	/	3084909.747	*	365 / 4
	=	35.21

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 Harum Energy Tbk's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1190189.983	/	4363882.179
	=	0.27

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 Harum Energy Tbk Inventory Turnover Related Terms

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PT Harum Energy Tbk (ISX:HRUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Harum Energy Tbk (ISX:HRUM) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jalan Imam Bonjol No. 80, Deutsche Bank Building, 9th Floor, Jakarta Pusat, Jakarta, IDN, 10310

Website

http://www.harumenergy.com

PT Harum Energy Tbk is a holding company primarily engaged in coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is breakdown into various segments which include Coal mining sectors; Rental and service sectors and Other sectors. It serves coal-fired power generating and manufacturing companies. The business of the group is amplifying to the geographical region of South Korea, Taiwan, Malaysia, China, India, Japan, and others of which South Korea accounts for a larger share of the revenue.