Bumitama Agri (SGX:P8Z) Inventory Turnover : 2.49 (As of Dec. 2023)

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What is Bumitama Agri 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. Bumitama Agri's Cost of Goods Sold for the six months ended in Dec. 2023 was S$465 Mil. Bumitama Agri's Average Total Inventories for the quarter that ended in Dec. 2023 was S$187 Mil. Bumitama Agri's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bumitama Agri's Days Inventory for the six months ended in Dec. 2023 was 73.25.

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. Bumitama Agri's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Bumitama Agri Inventory Turnover Historical Data

The historical data trend for Bumitama Agri'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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Bumitama Agri Inventory Turnover Chart

Bumitama Agri Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.84

6.25

7.54

5.11

4.88

Bumitama Agri Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.85	2.97	1.93	2.16	2.49

Bumitama Agri Inventory Turnover Calculation

Bumitama Agri'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 )
=	926.684	/ (	(224.784	+	155.086)	/	2 )
=	926.684	/	189.935
=	4.88

Bumitama Agri'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	465.058	/ (	(218.241	+	155.086)	/	2 )
=	465.058	/	186.6635
=	2.49

Bumitama Agri (SGX:P8Z) 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.

Bumitama Agri's Days Inventory for the six 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
	=	186.6635	/	465.058	*	365 / 2
	=	73.25

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.

Bumitama Agri'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 )
	=	186.6635	/	686.699
	=	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.

Bumitama Agri Inventory Turnover Related Terms

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Bumitama Agri (SGX:P8Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bumitama Agri Ltd (SGX:P8Z) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

2BU:Germany

Address

Jalan Melawai Raya No. 10, Kebayoran Baru, Jakarta Selatan, IDN, 12160

Website

https://www.bumitama-agri.com

Bumitama Agri Ltd is an investment holding company. Its business activities include operating oil palm plantations and palm oil mills, and the production and trading of crude palm oil and related products. The company generates the majority of its revenue from Crude Palm Oil sales.

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