PT Alkindo Naratama Tbk (ISX:ALDO) Inventory Turnover : 1.06 (As of Mar. 2024)

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What is PT Alkindo Naratama 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 Alkindo Naratama Tbk's Cost of Goods Sold for the three months ended in Mar. 2024 was Rp404,064 Mil. PT Alkindo Naratama Tbk's Average Total Inventories for the quarter that ended in Mar. 2024 was Rp382,507 Mil. PT Alkindo Naratama Tbk's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Alkindo Naratama Tbk's Days Inventory for the three months ended in Mar. 2024 was 86.38.

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 Alkindo Naratama Tbk's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

PT Alkindo Naratama Tbk Inventory Turnover Historical Data

The historical data trend for PT Alkindo Naratama 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 Alkindo Naratama Tbk Inventory Turnover Chart

PT Alkindo Naratama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.62

3.75

4.99

3.69

3.88

PT Alkindo Naratama 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															0.97	0.86	0.94	1.00	1.06

PT Alkindo Naratama Tbk Inventory Turnover Calculation

PT Alkindo Naratama 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 )
=	1424745.925	/ (	(362228.383	+	371396.691)	/	2 )
=	1424745.925	/	366812.537
=	3.88

PT Alkindo Naratama 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 )
=	404064.278	/ (	(371396.691	+	393617.607)	/	2 )
=	404064.278	/	382507.149
=	1.06

PT Alkindo Naratama Tbk (ISX:ALDO) 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 Alkindo Naratama 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
	=	382507.149	/	404064.278	*	365 / 4
	=	86.38

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 Alkindo Naratama 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 )
	=	382507.149	/	483848.873
	=	0.79

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 Alkindo Naratama Tbk Inventory Turnover Related Terms

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PT Alkindo Naratama Tbk (ISX:ALDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PT Alkindo Naratama Tbk (ISX:ALDO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

JL. Industri Cimareme II No. 14, Cimerang, Padalarang, Bandung Barat, IDN, 40553

Website

https://www.alkindo.co.id

PT Alkindo Naratama Tbk is engaged in manufacturing converted paper products. The company has four business segments namely Paper converting, Chemical, Polymer, and Paper. The company produces various types of paper products namely paper core, paper tube, honeycomb products, edge protector and paper box. The paper core segment includes STD core, WG core, SPC core and prime core. Paper tube includes the POY, DTY and FDY paper tube which are custom specific and packaged as per client requirement. Honeycomb products include pallets and boxes, layer and pad, honeycomb core for furniture and textile board/spacer.

PT Alkindo Naratama Tbk (ISX:ALDO) Headlines

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