PT Charoen Pokphand Indonesia Tbk (ISX:CPIN) Inventory Turnover : 0.94 (As of Dec. 2023)

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What is PT Charoen Pokphand 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 Charoen Pokphand Indonesia Tbk's Cost of Goods Sold for the three months ended in Dec. 2023 was Rp12,622,979 Mil. PT Charoen Pokphand Indonesia Tbk's Average Total Inventories for the quarter that ended in Dec. 2023 was Rp13,420,144 Mil. PT Charoen Pokphand Indonesia Tbk's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PT Charoen Pokphand Indonesia Tbk's Days Inventory for the three months ended in Dec. 2023 was 97.01.

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 Charoen Pokphand Indonesia Tbk's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.93.

PT Charoen Pokphand Indonesia Tbk Inventory Turnover Historical Data

The historical data trend for PT Charoen Pokphand 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 Charoen Pokphand Indonesia Tbk Inventory Turnover Chart

PT Charoen Pokphand Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.33

4.13

4.42

3.92

3.97

PT Charoen Pokphand Indonesia Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.84	0.95	0.88	0.96	0.94

PT Charoen Pokphand Indonesia Tbk Inventory Turnover Calculation

PT Charoen Pokphand 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 )
=	53341338	/ (	(13262602	+	13593783)	/	2 )
=	53341338	/	13428192.5
=	3.97

PT Charoen Pokphand Indonesia 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	12622979	/ (	(13246505	+	13593783)	/	2 )
=	12622979	/	13420144
=	0.94

PT Charoen Pokphand Indonesia Tbk (ISX:CPIN) 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 Charoen Pokphand Indonesia Tbk's Days Inventory for the three 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
	=	13420144	/	12622979	*	365 / 4
	=	97.01

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 Charoen Pokphand Indonesia 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 )
	=	13420144	/	14487177
	=	0.93

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 Charoen Pokphand Indonesia Tbk Inventory Turnover Related Terms

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PT Charoen Pokphand Indonesia Tbk (ISX:CPIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Charoen Pokphand Indonesia Tbk (ISX:CPIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0CP1:Germany

Address

Jl. Ancol VIII/1, Kelurahan Ancol, Kecamatan Pademangan, North Jakarta, Jakarta, IDN, 14430

Website

https://cp.co.id

PT Charoen Pokphand Indonesia Tbk, a subsidiary of PT Central Agromina, is a consumer goods company. It produces and sells poultry feed, day old chicks, and processed chicken in Indonesia. The company offers its products under brands like Royal Feed, Hi-Pro-Vite, Bintang, Bonavite, Hi-Pro, Turbo Feed, Okey Brands, Champ, and TIJI brands. Its segments include: Feed; Broiler; Day Old Chicks (DOC), processed chicken, and others. The majority revenue contributor is the Broiler segment. The other segment consists of packaging and poultry equipment.

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