PT Adirana Armada Tbk (ISX:ASSA) Inventory Turnover : 10.23 (As of Mar. 2024)

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What is PT Adirana Armada 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 Adirana Armada Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp842,375 Mil. PT Adirana Armada Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp82,339 Mil. PT Adirana Armada Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Adirana Armada Tbk's Days Inventory for the three months ended in Mar. 2024 was 8.92.

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 Adirana Armada Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.07.

PT Adirana Armada Tbk Inventory Turnover Historical Data

The historical data trend for PT Adirana Armada 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 Adirana Armada Tbk Inventory Turnover Chart

PT Adirana Armada Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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48.09

148.71

216.89

107.59

55.08

PT Adirana Armada Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															11.57	11.46	9.51	9.34	10.23

PT Adirana Armada Tbk Inventory Turnover Calculation

PT Adirana Armada 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 )
=	3326374.407	/ (	(57503.424	+	63285.672)	/	2 )
=	3326374.407	/	60394.548
=	55.08

PT Adirana Armada Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	842375.154	/ (	(63285.672	+	101392.377)	/	2 )
=	842375.154	/	82339.0245
=	10.23

PT Adirana Armada Tbk (ISX:ASSA) 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 Adirana Armada Tbk's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	82339.0245	/	842375.154	*	365 / 4
	=	8.92

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 Adirana Armada Tbk's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	82339.0245	/	1181858.146
	=	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 Adirana Armada Tbk Inventory Turnover Related Terms

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PT Adirana Armada Tbk (ISX:ASSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PT Adi Sarana Armada Tbk (ISX:ASSA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350

Website

https://www.assarent.co.id

PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expedition, and warehouses, and provides long and short-term rental services. The company's segment includes Vehicle lease, Autopool and Driver; Sale of the used vehicles; Logistics; Express; Auction, and others.

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