PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Days Inventory : 5.03 (As of Dec. 2023)

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What is PT Goto Gojek Tokopedia Tbk Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PT Goto Gojek Tokopedia Tbk's Average Total Inventories for the three months ended in Dec. 2023 was Rp72,608 Mil. PT Goto Gojek Tokopedia Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp1,317,277 Mil. Hence, PT Goto Gojek Tokopedia Tbk's Days Inventory for the three months ended in Dec. 2023 was 5.03.

The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's Days Inventory or its related term are showing as below:

ISX:GOTO' s Days Inventory Range Over the Past 10 Years
Min: 3.52 Med: 6.82 Max: 22.23
Current: 5.49

During the past 6 years, PT Goto Gojek Tokopedia Tbk's highest Days Inventory was 22.23. The lowest was 3.52. And the median was 6.82.

ISX:GOTO's Days Inventory is ranked better than
70.21% of 1561 companies
in the Software industry
Industry Median: 19.61 vs ISX:GOTO: 5.49

PT Goto Gojek Tokopedia Tbk's Days Inventory increased from Dec. 2022 (3.52) to Dec. 2023 (5.03). It might indicate that PT Goto Gojek Tokopedia Tbk's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PT Goto Gojek Tokopedia Tbk's Inventory Turnover for the three months ended in Dec. 2023 was 18.14.

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 Goto Gojek Tokopedia Tbk's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

PT Goto Gojek Tokopedia Tbk Days Inventory Historical Data

The historical data trend for PT Goto Gojek Tokopedia 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.

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PT Goto Gojek Tokopedia Tbk Days Inventory Chart

PT Goto Gojek Tokopedia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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11.11

8.52

3.71

3.52

5.11

PT Goto Gojek Tokopedia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial									3.52	4.85	6.21	6.36	5.03

Competitive Comparison of PT Goto Gojek Tokopedia Tbk's Days Inventory

For the Software - Application subindustry, PT Goto Gojek Tokopedia 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 Goto Gojek Tokopedia Tbk's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's Days Inventory distribution charts can be found below:

* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's Days Inventory falls into.

PT Goto Gojek Tokopedia Tbk Days Inventory Calculation

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

PT Goto Gojek Tokopedia Tbk's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (71243	+	71426)	/	2 )	/	5093179	*	365
=	71334.5					/	5093179	*	365
=	5.11

PT Goto Gojek Tokopedia Tbk's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (73790	+	71426)	/	2 )	/	1317277	*	365 / 4
=	72608					/	1317277	*	365 / 4
=	5.03

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) 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 Goto Gojek Tokopedia Tbk's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1317277	/	72608
	=	18.14

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 Goto Gojek Tokopedia Tbk's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	72608	/	4274773
	=	0.02

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 Goto Gojek Tokopedia Tbk Days Inventory Related Terms

Thank you for viewing the detailed overview of PT Goto Gojek Tokopedia Tbk's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PT Goto Gojek Tokopedia Tbk (ISX:GOTO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CK8:Germany

Address

Jalan Iskandarsyah II No. 2, Gedung Pasaraya Blok M, 6-7th Floor, Jakarta, IDN, 12160

Website

https://www.gotocompany.com

GoTo is an Indonesian ecosystem that combines e-commerce, ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021. The company has 64 million active paying users and 12 million merchants as of 2022 on its platform. In 2022, on-demand accounted for 55% of revenue, e-commerce for 37%, and financial services for 8%. However, 82% of nonfinancial services gross transactional value comes from e-commerce, as it is the focal point in the ecosystem. The company competes with giants such as Sea-backed Shopee, Alibaba's Lazada, and smaller peers such as Bukalapak in e-commerce—and with Grab in the ride-hailing and delivery business.

PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Headlines

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