PT Golden Flower Tbk (ISX:POLU) Inventory Turnover : 0.77 (As of Sep. 2023)

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What is PT Golden Flower 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 Golden Flower Tbk's Cost of Goods Sold for the three months ended in Sep. 2023 was Rp15,707 Mil. PT Golden Flower Tbk's Average Total Inventories for the quarter that ended in Sep. 2023 was Rp20,475 Mil. PT Golden Flower Tbk's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Golden Flower Tbk's Days Inventory for the three months ended in Sep. 2023 was 118.95.

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 Golden Flower Tbk's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.02.

PT Golden Flower Tbk Inventory Turnover Historical Data

The historical data trend for PT Golden Flower 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 Golden Flower Tbk Inventory Turnover Chart

PT Golden Flower Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.28

4.20

2.17

2.33

4.82

PT Golden Flower Tbk Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															1.14	1.06	0.90	0.99	0.77

PT Golden Flower Tbk Inventory Turnover Calculation

PT Golden Flower 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 )
=	100210.81	/ (	(24595.399	+	17013.458)	/	2 )
=	100210.81	/	20804.4285
=	4.82

PT Golden Flower Tbk's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	15706.89	/ (	(19049.931	+	21900.636)	/	2 )
=	15706.89	/	20475.2835
=	0.77

PT Golden Flower Tbk (ISX:POLU) 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 Golden Flower Tbk's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	20475.2835	/	15706.89	*	365 / 4
	=	118.95

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 Golden Flower Tbk's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	20475.2835	/	20038.018
	=	1.02

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 Golden Flower Tbk Inventory Turnover Related Terms

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PT Golden Flower Tbk (ISX:POLU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Golden Flower Tbk (ISX:POLU) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Karimunjawa, Gedanganak Ungaran, Jawa Tengah, Kab. Semarang, IDN, 50519

Website

https://www.goldenflower.co.id

PT Golden Flower Tbk is a garment manufacturer and exporter in Indonesia. The company's operating segment includes Ladies' blouses and Man shirts. It generates maximum revenue from the Ladies' blouse segment. Some of its products include Non-Iron Shirt; Casual shirts; Skirt; Dresses; Night Wear and others.

PT Golden Flower Tbk (ISX:POLU) Headlines

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