PT Adaro Energy Indonesia Tbk (ISX:ADRO) Inventory Turnover : 3.97 (As of Mar. 2024)

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What is PT Adaro Energy Indonesia 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 Adaro Energy Indonesia Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp12,565,792 Mil. PT Adaro Energy Indonesia Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp3,163,169 Mil. PT Adaro Energy Indonesia Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Adaro Energy Indonesia Tbk's Days Inventory for the three months ended in Mar. 2024 was 22.97.

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 Adaro Energy Indonesia Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

PT Adaro Energy Indonesia Tbk Inventory Turnover Historical Data

The historical data trend for PT Adaro Energy Indonesia 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 Adaro Energy Indonesia Tbk Inventory Turnover Chart

PT Adaro Energy Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.97

17.45

19.36

22.02

21.27

PT Adaro Energy Indonesia 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															5.25	4.48	4.06	4.61	3.97

PT Adaro Energy Indonesia Tbk Inventory Turnover Calculation

PT Adaro Energy Indonesia 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 )
=	61359844.73	/ (	(3133617.645	+	2637306.394)	/	2 )
=	61359844.73	/	2885462.0195
=	21.27

PT Adaro Energy Indonesia 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 )
=	12565791.603	/ (	(2637306.394	+	3689031.675)	/	2 )
=	12565791.603	/	3163169.0345
=	3.97

PT Adaro Energy Indonesia Tbk (ISX:ADRO) 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 Adaro Energy Indonesia 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
	=	3163169.0345	/	12565791.603	*	365 / 4
	=	22.97

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 Adaro Energy Indonesia 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 )
	=	3163169.0345	/	22242441.153
	=	0.14

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 Adaro Energy Indonesia Tbk Inventory Turnover Related Terms

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PT Adaro Energy Indonesia Tbk (ISX:ADRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Adaro Energy Indonesia Tbk (ISX:ADRO) » Definitions » Inventory Turnover

Traded in Other Exchanges

PADEF:USA ADOOY:USA A64:Germany

Address

Jalan H.R. Rasuna Said, Block X-5, Menara Karya Lantai, 23rd Floor, Kav. 1-2, Jakarta, IDN, 12950

Website

https://www.adaro.com

PT Adaro Energy Indonesia Tbk is an Indonesia-based energy group that focuses on integrated coal mining. The company's primary location is in the Tabalong district in South Kalimantan, where its subsidiary PT Adaro Indonesia operates the single-site coal mine in the southern hemisphere. The company produces thermal coal, which is marketed under the brand name Envirocoal. The company's main customers are blue-chip power utilities, and roughly three-quarters of its coal is produced for foreign customers, with the remainder in Indonesia. In addition to the core mining business, the company also engages in barging, ship-loading, dredging, port services, marketing, and power generation. Its segment comprises coal mining and trading, mining services, logistics, and others.