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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Inventory Turnover : 3.44 (As of Jun. 2023)


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What is PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Cost of Goods Sold for the six months ended in Jun. 2023 was Rp428,827 Mil. PT Multi Spunindo Jaya Tbk's Average Total Inventories for the quarter that ended in Jun. 2023 was Rp124,756 Mil. PT Multi Spunindo Jaya Tbk's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Multi Spunindo Jaya Tbk's Days Inventory for the six months ended in Jun. 2023 was 53.09.

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 Multi Spunindo Jaya Tbk's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.23.

PT Multi Spunindo Jaya Tbk Inventory Turnover Historical Data

The historical data trend for PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk Inventory Turnover Chart

PT Multi Spunindo Jaya Tbk Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
9.41 7.87 7.21

PT Multi Spunindo Jaya Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Inventory Turnover - - 3.64 3.34 3.44

PT Multi Spunindo Jaya Tbk Inventory Turnover Calculation

PT Multi Spunindo Jaya Tbk's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=982464.641 / ((139850.461 + 132565.24) / 2 )
=982464.641 / 136207.8505
=7.21

PT Multi Spunindo Jaya Tbk's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=428827.085 / ((132565.24 + 116947.377) / 2 )
=428827.085 / 124756.3085
=3.44

* 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 Multi Spunindo Jaya Tbk  (ISX:MSJA) 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 Multi Spunindo Jaya Tbk's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2023 )/Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=124756.3085/428827.085*365 / 2
=53.09

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 Multi Spunindo Jaya Tbk's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=124756.3085 / 547712.817
=0.23

* 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 Multi Spunindo Jaya Tbk Inventory Turnover Related Terms

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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Multi Spunindo Jaya Tbk (ISX:MSJA) » Definitions » Inventory Turnover
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PT MultiSpunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors.

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