PT Argo Pantes Tbk (ISX:ARGO) Days Inventory : 285.31 (As of Mar. 2024)

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What is PT Argo Pantes Tbk Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). PT Argo Pantes Tbk's Average Total Inventories for the three months ended in Mar. 2024 was Rp52,676 Mil. PT Argo Pantes Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp16,847 Mil. Hence, PT Argo Pantes Tbk's Days Inventory for the three months ended in Mar. 2024 was 285.31.

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

ISX:ARGO' s Days Inventory Range Over the Past 10 Years
Min: 85 Med: 181.94 Max: 540.42
Current: 251.07

During the past 13 years, PT Argo Pantes Tbk's highest Days Inventory was 540.42. The lowest was 85.00. And the median was 181.94.

ISX:ARGO's Days Inventory is ranked worse than
82.97% of 1010 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs ISX:ARGO: 251.07

PT Argo Pantes Tbk's Days Inventory increased from Mar. 2023 (263.58) to Mar. 2024 (285.31). It might indicate that PT Argo Pantes Tbk's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. PT Argo Pantes Tbk's Inventory Turnover for the three months ended in Mar. 2024 was 0.32.

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 Argo Pantes Tbk's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.15.

PT Argo Pantes Tbk Days Inventory Historical Data

The historical data trend for PT Argo Pantes 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 Argo Pantes Tbk Days Inventory Chart

PT Argo Pantes Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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184.41

540.42

289.27

264.09

235.35

PT Argo Pantes Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															263.58	284.82	251.63	204.28	285.31

Competitive Comparison of PT Argo Pantes Tbk's Days Inventory

For the Textile Manufacturing subindustry, PT Argo Pantes 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 Argo Pantes Tbk's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Argo Pantes Tbk's Days Inventory distribution charts can be found below:

* The bar in red indicates where PT Argo Pantes Tbk's Days Inventory falls into.

PT Argo Pantes Tbk Days Inventory Calculation

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

PT Argo Pantes 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
=	( (64273.593	+	52634.414)	/	2 )	/	90654.642	*	365
=	58454.0035					/	90654.642	*	365
=	235.35

PT Argo Pantes Tbk's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (52634.414	+	52716.863)	/	2 )	/	16847.388	*	365 / 4
=	52675.6385					/	16847.388	*	365 / 4
=	285.31

PT Argo Pantes Tbk (ISX:ARGO) 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 Argo Pantes Tbk's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	16847.388	/	52675.6385
	=	0.32

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 Argo Pantes Tbk's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	52675.6385	/	24525.525
	=	2.15

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 Argo Pantes Tbk Days Inventory Related Terms

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

PT Argo Pantes Tbk (ISX:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Argo Pantes Tbk (ISX:ARGO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930

Website

https://www.argopantes.com

PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sales of finished fabric, knitting, and garment. The company has two operating segments which include the textile industry and rent out of which the majority of the revenue derives from the Textile segment.