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PT Adhi Kartiko Pratama Tbk (ISX:NICE) Inventory Turnover : 5.58 (As of Jun. 2023)


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What is PT Adhi Kartiko Pratama 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 Adhi Kartiko Pratama Tbk's Cost of Goods Sold for the six months ended in Jun. 2023 was Rp311,702 Mil. PT Adhi Kartiko Pratama Tbk's Average Total Inventories for the quarter that ended in Jun. 2023 was Rp55,895 Mil. PT Adhi Kartiko Pratama Tbk's Inventory Turnover for the quarter that ended in Jun. 2023 was 5.58.

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 six months ended in Jun. 2023 was 32.73.

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 quarter that ended in Jun. 2023 was 0.15.

PT Adhi Kartiko Pratama Tbk Inventory Turnover Historical Data

The historical data trend for PT Adhi Kartiko Pratama 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.

* Premium members only.

PT Adhi Kartiko Pratama Tbk Inventory Turnover Chart

PT Adhi Kartiko Pratama Tbk Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
2.98 6.03 11.87

PT Adhi Kartiko Pratama Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Inventory Turnover - - 10.84 4.35 5.58

PT Adhi Kartiko Pratama Tbk Inventory Turnover Calculation

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

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=692566.972 / ((28449.191 + 88229.178) / 2 )
=692566.972 / 58339.1845
=11.87

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

Inventory Turnover (Q: Jun. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Jun. 2023 )) / count )
=311702.255 / ((88229.178 + 23560.493) / 2 )
=311702.255 / 55894.8355
=5.58

* 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) 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 Adhi Kartiko Pratama Tbk's Days Inventory for the six months ended in Jun. 2023 is calculated as:

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

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 quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2023 ) / Revenue (Q: Jun. 2023 )
=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

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 Adhi Kartiko Pratama Tbk Inventory Turnover Related Terms

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

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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.