PT Grand House Mulia Tbk (ISX:HOMI) Inventory Turnover : 0.03 (As of Mar. 2024)

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What is PT Grand House Mulia 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 Grand House Mulia Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp3,491 Mil. PT Grand House Mulia Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp113,516 Mil. PT Grand House Mulia Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Grand House Mulia Tbk's Days Inventory for the three months ended in Mar. 2024 was 2,967.40.

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 Grand House Mulia Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 19.38.

PT Grand House Mulia Tbk Inventory Turnover Historical Data

The historical data trend for PT Grand House Mulia 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 Grand House Mulia Tbk Inventory Turnover Chart

PT Grand House Mulia Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.24

0.18

0.31

0.37

0.34

PT Grand House Mulia Tbk Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												0.06	0.03	0.11	0.13	0.03

PT Grand House Mulia Tbk Inventory Turnover Calculation

PT Grand House Mulia 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 )
=	44235.123	/ (	(143897.645	+	113399.955)	/	2 )
=	44235.123	/	128648.8
=	0.34

PT Grand House Mulia 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 )
=	3490.698	/ (	(113399.955	+	113631.291)	/	2 )
=	3490.698	/	113515.623
=	0.03

PT Grand House Mulia Tbk (ISX:HOMI) 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 Grand House Mulia 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
	=	113515.623	/	3490.698	*	365 / 4
	=	2,967.40

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 Grand House Mulia 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 )
	=	113515.623	/	5858.842
	=	19.38

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 Grand House Mulia Tbk Inventory Turnover Related Terms

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PT Grand House Mulia Tbk (ISX:HOMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Grand House Mulia Tbk (ISX:HOMI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Pengasinan No. 99 RT 005/RW 003, Kecamatan Gunung Sindur, Jawa Barat, Java, IDN

Website

https://www.granddevelopment.id

PT Grand House Mulia Tbk is engaged in property development and services in Indonesia. The company is in the whole range of property development activities; these include land assessment, and acquisition, planning, architectural designing, construction, and effective property development of various types of projects. The main project currently being handled by the Company is Parkville Serpong, consisting of several clusters such as Canola, Astoria, Valencia, and the Toscana Cluster, located in the Bogor Regency area.

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