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PT Adhi Kartiko Pratama Tbk (ISX:NICE) Days Inventory : 32.73 (As of Jun. 2023)


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What is PT Adhi Kartiko Pratama Tbk Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PT Adhi Kartiko Pratama Tbk's Average Total Inventories for the six months ended in Jun. 2023 was Rp55,895 Mil. PT Adhi Kartiko Pratama Tbk's Cost of Goods Sold for the six months ended in Jun. 2023 was Rp311,702 Mil. Hence, PT Adhi Kartiko Pratama Tbk's Days Inventory for the six months ended in Jun. 2023 was 32.73.

The historical rank and industry rank for PT Adhi Kartiko Pratama Tbk's Days Inventory or its related term are showing as below:

ISX:NICE' s Days Inventory Range Over the Past 10 Years
Min: 29.32   Med: 60.55   Max: 122.62
Current: 29.32

During the past 3 years, PT Adhi Kartiko Pratama Tbk's highest Days Inventory was 122.62. The lowest was 29.32. And the median was 60.55.

ISX:NICE's Days Inventory is ranked better than
89.41% of 661 companies
in the Metals & Mining industry
Industry Median: 88.64 vs ISX:NICE: 29.32

PT Adhi Kartiko Pratama Tbk's Days Inventory increased from Jun. 2022 (16.84) to Jun. 2023 (32.73). It might indicate that PT Adhi Kartiko Pratama Tbk's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. PT Adhi Kartiko Pratama Tbk's Inventory Turnover for the six months ended in Jun. 2023 was 5.58.

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 Adhi Kartiko Pratama Tbk's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.15.

PT Adhi Kartiko Pratama Tbk Days Inventory Historical Data

The historical data trend for PT Adhi Kartiko Pratama Tbk's Days Inventory 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.

* Premium members only.

PT Adhi Kartiko Pratama Tbk Days Inventory Chart

PT Adhi Kartiko Pratama Tbk Annual Data
Trend Dec20 Dec21 Dec22
Days Inventory
122.62 60.55 30.75

PT Adhi Kartiko Pratama Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Days Inventory - - 16.84 41.91 32.73

Competitive Comparison of PT Adhi Kartiko Pratama Tbk's Days Inventory

For the Other Industrial Metals & Mining subindustry, PT Adhi Kartiko Pratama Tbk's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PT Adhi Kartiko Pratama Tbk's Days Inventory Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Adhi Kartiko Pratama Tbk's Days Inventory distribution charts can be found below:

* The bar in red indicates where PT Adhi Kartiko Pratama Tbk's Days Inventory falls into.


PT Adhi Kartiko Pratama Tbk Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

PT Adhi Kartiko Pratama Tbk's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

Days Inventory (A: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (28449.191 + 88229.178) / 2 ) / 692566.972*365
=58339.1845 / 692566.972*365
=30.75

PT Adhi Kartiko Pratama Tbk's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

Days Inventory (Q: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (88229.178 + 23560.493) / 2 ) / 311702.255*365 / 2
=55894.8355 / 311702.255*365 / 2
=32.73

* 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 Adhi Kartiko Pratama Tbk  (ISX:NICE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

PT Adhi Kartiko Pratama Tbk's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=311702.255 / 55894.8355
=5.58

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 Adhi Kartiko Pratama Tbk's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=55894.8355 / 378562.921
=0.15

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

PT Adhi Kartiko Pratama Tbk Days Inventory Related Terms

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PT Adhi Kartiko Pratama Tbk (ISX:NICE) Business Description

Industry
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Address
Website
PT Adhi Kartiko Pratama Tbk is engaged in Nickel Ore Mining. Its mine location is Lameruru Village/Subdistrict, District. Langgikima, Kab. North Konawe, Southeast Sulawesi Province.