PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Inventory Turnover : 10.74 (As of Dec. 2023)

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What is PT Perusahaan Gas Negara 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 Perusahaan Gas Negara Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was $745 Mil. PT Perusahaan Gas Negara Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was $69 Mil. PT Perusahaan Gas Negara Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Perusahaan Gas Negara Tbk's Days Inventory for the three months ended in Dec. 2023 was 8.50.

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 Perusahaan Gas Negara Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

PT Perusahaan Gas Negara Tbk Inventory Turnover Historical Data

The historical data trend for PT Perusahaan Gas Negara 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 Perusahaan Gas Negara Tbk Inventory Turnover Chart

PT Perusahaan Gas Negara Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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35.11

34.58

39.62

48.77

44.61

PT Perusahaan Gas Negara 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															12.82	12.60	10.11	10.95	10.74

PT Perusahaan Gas Negara Tbk Inventory Turnover Calculation

PT Perusahaan Gas Negara 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 )
=	2912.725	/ (	(59.593	+	70.981)	/	2 )
=	2912.725	/	65.287
=	44.61

PT Perusahaan Gas Negara 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 )
=	745.098	/ (	(67.775	+	70.981)	/	2 )
=	745.098	/	69.378
=	10.74

PT Perusahaan Gas Negara Tbk (OTCPK:PPAAY) 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 Perusahaan Gas Negara 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
	=	69.378	/	745.098	*	365 / 4
	=	8.50

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 Perusahaan Gas Negara 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 )
	=	69.378	/	955.636
	=	0.07

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 Perusahaan Gas Negara Tbk Inventory Turnover Related Terms

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PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PT Perusahaan Gas Negara Tbk (OTCPK:PPAAY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PPAAF:USA PGAS:Indonesia PGB1:Germany

Address

Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140

Website

http://www.pgn.co.id

PT Perusahaan Gas Negara Tbk, or PGN, is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is primarily involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.

PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Headlines

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