Company aware of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material
Company aware of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material
risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were
of the price fluctuation risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO
risks, has set the policy determined especially in raw material procurement procedures. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were
. The Company attempt to maintain a faster inventory turnover, where raw material (CPO) and product (Biodiesel) were stocked between 15-20 days in 2021. Also, the Company emphasis on efficiently control
and maintain inventory turnover within 30-45 days 1.2 In 2018, the Edible Oil’s ratio of cost of sales to total revenue was decreased from 2017 to 9.01% or decreased by 9.26%, where the Company possible
and maintain inventory turnover within 30-45 days 1.2 In 2018, the Edible Oil’s ratio of cost of sales to total revenue was decreased from 2017 to 9.01% or decreased by 9.26%, where the Company possible
. Ratio inventory turnover (times) Year2017 0.48 0.58 0.78 0.88 1.11 1.12 1.02 1.10 1.40 0.78 0.82 0.90 Year2018 0.85 1.08 0.85 0.77 0.84 0.71 0.76 0.74 0.83 - - - 2. Ratio sales turnover (days) Year2017 63
customer has canceled the order suddenly. Given such circumstances and a decline in crude palm oil price, the Company has encountered a difficulty in managing the inventory turnover and recorded stock loss