PT Pelangi Indah Canindo Tbk (ISX:PICO) Inventory Turnover : 0.89 (As of Sep. 2024)

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What is PT Pelangi Indah Canindo 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 Pelangi Indah Canindo Tbk's Cost of Goods Sold for the three months ended in Sep. 2024 was Rp138,607 Mil. PT Pelangi Indah Canindo Tbk's Average Total Inventories for the quarter that ended in Sep. 2024 was Rp155,943 Mil. PT Pelangi Indah Canindo Tbk's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Pelangi Indah Canindo Tbk's Days Inventory for the three months ended in Sep. 2024 was 102.66.

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 Pelangi Indah Canindo Tbk's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.01.

PT Pelangi Indah Canindo Tbk Inventory Turnover Historical Data

The historical data trend for PT Pelangi Indah Canindo 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 Pelangi Indah Canindo Tbk Inventory Turnover Chart

PT Pelangi Indah Canindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.61

1.17

1.88

2.43

2.93

PT Pelangi Indah Canindo Tbk Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.77	0.79	0.98	0.70	0.89

PT Pelangi Indah Canindo Tbk Inventory Turnover Calculation

PT Pelangi Indah Canindo 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 )
=	495215.487	/ (	(177974.671	+	160071.2)	/	2 )
=	495215.487	/	169022.9355
=	2.93

PT Pelangi Indah Canindo Tbk's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	138606.831	/ (	(156428.691	+	155457.112)	/	2 )
=	138606.831	/	155942.9015
=	0.89

PT Pelangi Indah Canindo Tbk (ISX:PICO) 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 Pelangi Indah Canindo Tbk's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	155942.9015	/	138606.831	*	365 / 4
	=	102.66

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 Pelangi Indah Canindo Tbk's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	155942.9015	/	153807.383
	=	1.01

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 Pelangi Indah Canindo Tbk Inventory Turnover Related Terms

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PT Pelangi Indah Canindo Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PT Pelangi Indah Canindo Tbk (ISX:PICO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Daan Mogot Km. 17 No. 700, Jakarta, IDN, 11840

Website

https://www.pic.co.id

PT Pelangi Indah Canindo Tbk is an Indonesia-based company that engages in the production of metal packaging. The company is in the business of the metal packaging industry in Indonesia for a variety of drum products, liquefied petroleum gas (LPG) tubes, canned pails, food cans, and canned packaging. Its production facilities are in Tangerang, Jawa Tengah, Cilegon, and Surabaya, Indonesia. The Company's product segment consists of metal containers, cans, drums, gas cylinders, and metal printing services. The company generates the majority of its revenue from Drum segment.

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