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TRENDS IN INVENTORY TURNOVER AND DAYS INVENTORY OUSTANDING AT PT. INDOFOOD CBP SUKSES MAKMUR Tbk: A LONGITUDINAL STUDY (2016-2025)

Jurnal Manajemen Terapan dan Keuangan · Vol. 15 No. 03 (2026) · hlm. 1755–1770

DOI
10.22437/4mx8dy52
ISSN
2685-9424, 2252-8636
Terbit
2026-10-07
Penerbit
Program Studi Manajemen Pemerintahan dan Keuangan Daerah Fakultas Ekonomi dan Bisnis Universitas Jambi
Bahasa
en
Lisensi
creativecommons.org/licenses/by/4.0

Abstrak

Abstract This study analyzes the inventory turnover trend of PT Indofood CBP Sukses Makmur Tbk during 2016-2025 and explains changes in the average inventory holding period through Days inventory outstanding (DIO). A descriptive quantitative approach with a longitudinal case study design was applied to secondary data from annual reports and audited consolidated financial statements. The analysis used average inventory, cost of goods sold, inventory turnover, DIO, annual changes, and descriptive statistics. Inventory turnover decreased from 8.35 times in 2016 to 6.44 times in 2025, a decline of 22.84%. DIO increased from 43.73 days to 56.67 days, extending the average holding period by 12.94 days. The weakest position occurred in 2023, when turnover reached 6.36 times and DIO reached 57.42 days. A temporary improvement in 2024 was followed by another slowdown in 2025. These findings indicate slower financial conversion of inventory at the consolidated level, but do not establish overall operational inefficiency or an optimal inventory level. Further assessment requires operational data on lead time, ordering and holding costs, service levels, stockouts, inventory age, and individual stock keeping units. Keywords: inventory turnover, days inventory outstanding, inventory management, trend analysis, longitudinal study.

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  • Universitas Dinamika Bangsa
  • Universitas Jambi
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Rekan penulisOrganisasiArtikel bersama
Hanan Laras SabrinaUniversitas Dinamika Bangsa5
Alberta IngrianaUniversitas Dinamika Bangsa3
Yosi FahdillahUniversitas Dinamika Bangsa2
Yosi FadhillahUniversitas Dinamika Bangsa2
Raihan Fajri RamadhanUniversitas Jambi1
YossinomitaUniversitas Dinamika Bangsa1
Junaida JunaidaAfiliasi tidak diketahui1
Laura PrasastiAfiliasi tidak diketahui1

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Sumber metadata: OAI-PMH (metadata jurnal) https://online-journal.unja.ac.id/index.php/mankeu/oai, pertama di-harvest 6 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en">TRENDS IN INVENTORY TURNOVER AND DAYS INVENTORY OUSTANDING AT PT. INDOFOOD CBP SUKSES MAKMUR Tbk : A LONGITUDINAL STUDY (2016-2025)</dc:title>
	<dc:creator xml:lang="en">Feranika, Ayu</dc:creator>
	<dc:creator xml:lang="en">Baswara, Vinsensius Kenzie Aldo</dc:creator>
	<dc:creator xml:lang="en">Yossinomita, Yossinomita</dc:creator>
	<dc:creator xml:lang="en">Haryati, Dini</dc:creator>
	<dc:creator xml:lang="en">Pangestu, Mira Gustiana</dc:creator>
	<dc:creator xml:lang="en">Candraningtias, Widyadhana</dc:creator>
	<dc:description xml:lang="en">Abstract
This study analyzes the inventory turnover trend of PT Indofood CBP Sukses Makmur Tbk during 2016-2025 and explains changes in the average inventory holding period through Days inventory outstanding (DIO). A descriptive quantitative approach with a longitudinal case study design was applied to secondary data from annual reports and audited consolidated financial statements. The analysis used average inventory, cost of goods sold, inventory turnover, DIO, annual changes, and descriptive statistics. Inventory turnover decreased from 8.35 times in 2016 to 6.44 times in 2025, a decline of 22.84%. DIO increased from 43.73 days to 56.67 days, extending the average holding period by 12.94 days. The weakest position occurred in 2023, when turnover reached 6.36 times and DIO reached 57.42 days. A temporary improvement in 2024 was followed by another slowdown in 2025. These findings indicate slower financial conversion of inventory at the consolidated level, but do not establish overall operational inefficiency or an optimal inventory level. Further assessment requires operational data on lead time, ordering and holding costs, service levels, stockouts, inventory age, and individual stock keeping units.
 Keywords: inventory turnover, days inventory outstanding, inventory management, trend analysis, longitudinal study.</dc:description>
	<dc:publisher xml:lang="en">Program Studi Manajemen Pemerintahan dan Keuangan Daerah Fakultas Ekonomi dan Bisnis Universitas Jambi</dc:publisher>
	<dc:date>2026-10-07</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://online-journal.unja.ac.id/mankeu/article/view/60238</dc:identifier>
	<dc:identifier>10.22437/4mx8dy52</dc:identifier>
	<dc:source xml:lang="en">Jurnal Manajemen Terapan dan Keuangan; Vol. 15 No. 03 (2026): Jurnal Manajemen Terapan dan Keuangan ; 1755-1770</dc:source>
	<dc:source>2685-9424</dc:source>
	<dc:source>2252-8636</dc:source>
	<dc:language>en</dc:language>
	<dc:relation>https://online-journal.unja.ac.id/mankeu/article/view/60238/25773</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2026 Ayu Feranika, Vinsensius Kenzie Aldo Baswara, Yossinomita Yossinomita, Dini Haryati, Mira Gustiana Pangestu, Widyadhana Candraningtias</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by/4.0</dc:rights>
</oai_dc:dc>