PT Amman Mineral Internasional Tbk (ISX:AMMN) Inventory Turnover : 2.68 (As of Dec. 2023)

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What is PT Amman Mineral Internasional 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 Amman Mineral Internasional Tbk's Cost of Goods Sold for the six months ended in Dec. 2023 was Rp17,442,286 Mil. PT Amman Mineral Internasional Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was Rp6,512,373 Mil. PT Amman Mineral Internasional Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Amman Mineral Internasional Tbk's Days Inventory for the six months ended in Dec. 2023 was 68.14.

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 Amman Mineral Internasional Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

PT Amman Mineral Internasional Tbk Inventory Turnover Historical Data

The historical data trend for PT Amman Mineral Internasional 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 Amman Mineral Internasional Tbk Inventory Turnover Chart

PT Amman Mineral Internasional Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.85

1.45

2.47

2.68

PT Amman Mineral Internasional Tbk Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	1.85	1.45	2.47	2.68

PT Amman Mineral Internasional Tbk Inventory Turnover Calculation

PT Amman Mineral Internasional 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 )
=	17442286.376	/ (	(7393654.424	+	5631092.208)	/	2 )
=	17442286.376	/	6512373.316
=	2.68

PT Amman Mineral Internasional Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	17442286.376	/ (	(7393654.424	+	5631092.208)	/	2 )
=	17442286.376	/	6512373.316
=	2.68

PT Amman Mineral Internasional Tbk (ISX:AMMN) 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 Amman Mineral Internasional Tbk's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6512373.316	/	17442286.376	*	365 / 2
	=	68.14

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 Amman Mineral Internasional Tbk's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6512373.316	/	31346340.32
	=	0.21

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 Amman Mineral Internasional Tbk Inventory Turnover Related Terms

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PT Amman Mineral Internasional Tbk (ISX:AMMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Amman Mineral Internasional Tbk (ISX:AMMN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

U4Z:Germany

Address

Jalan H.R. Rasuna Said Blok X-5 Kav. 1-2, Menara Karya 6th Floor Unit A, B, C dan H, Jakarta Selatan, Jakarta, IDN, 12950

Website

https://www.amman.co.id

PT Amman Mineral Internasional Tbk is a copper-and-gold mining company in Indonesia, operating the Batu Hijau mine on the island of Sumbawa.

PT Amman Mineral Internasional Tbk (ISX:AMMN) Headlines

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