PT AKRorindo Tbk (PT AKRorindo Tbk) Inventory Turnover : 1.98 (As of Mar. 2024)

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What is PT AKRorindo 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 AKRorindo Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was $578 Mil. PT AKRorindo Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was $293 Mil. PT AKRorindo Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT AKRorindo Tbk's Days Inventory for the three months ended in Mar. 2024 was 46.19.

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 AKRorindo Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

PT AKRorindo Tbk Inventory Turnover Historical Data

The historical data trend for PT AKRorindo 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 AKRorindo Tbk Inventory Turnover Chart

PT AKRorindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.93

4.03

5.72

8.50

7.62

PT AKRorindo 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															2.24	2.25	2.24	2.27	1.98

PT AKRorindo Tbk Inventory Turnover Calculation

PT AKRorindo 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 )
=	2439.9	/ (	(331.866	+	308.409)	/	2 )
=	2439.9	/	320.1375
=	7.62

PT AKRorindo 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 )
=	578.444	/ (	(308.409	+	277.243)	/	2 )
=	578.444	/	292.826
=	1.98

PT AKRorindo Tbk (OTCPK:PKCPY) 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 AKRorindo 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
	=	292.826	/	578.444	*	365 / 4
	=	46.19

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 AKRorindo 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 )
	=	292.826	/	636.442
	=	0.46

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 AKRorindo Tbk Inventory Turnover Related Terms

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PT AKRorindo Tbk (PT AKRorindo Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT AKR Corporindo Tbk (OTCPK:PKCPY) » Definitions » Inventory Turnover

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AKRA:Indonesia

Address

Jalan Panjang No. 5 Kebon Jeruk, AKR Tower, 26th Floor, Jakarta Barat, Jakarta, IDN, 11530

Website

https://www.akr.co.id

PT AKR Corporindo Tbk is engaged in chemicals distribution. The company has four segments. The Trading and distribution segment, which accounts for most of the total revenue, distributes industrial and retail petroleum products, other basic chemicals, and lubricants for the industrial, marine, mining, and commercial vehicles sectors. The Logistics Services segment provides various kinds of logistics services such as rental of storage tanks and warehouses, bagging, port handling, and transportation services mainly for liquid and solid chemical and petroleum products in Indonesia. The Manufacturing segment makes adhesive materials. The Industrial estate segments comprise sales and leases of industrial estate land, sales of electricity, and other related services to tenants of the estate.

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