{"id":60087,"date":"2024-07-25T08:00:39","date_gmt":"2024-07-25T08:00:39","guid":{"rendered":"https:\/\/www.hashmicro.com\/blog\/?p=60087"},"modified":"2025-12-30T01:33:00","modified_gmt":"2025-12-30T01:33:00","slug":"inventory-aging-report","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/blog\/inventory-aging-report\/","title":{"rendered":"Inventory Aging Report: What is it and How to Calculate It"},"content":{"rendered":"<p>An inventory aging report helps me monitor how long items have been in stock, making it easier to identify slow-moving products before they turn into costly issues. By doing so, I can maintain a more efficient and balanced inventory system.<\/p>\n<p><a href=\"https:\/\/www.founderjar.com\/inventory-management-statistics\/\" target=\"_blank\" rel=\"noopener\">Around 20% of inventory<\/a> in various industries is considered aging, leading to higher holding costs and potential obsolescence. That\u2019s why tracking item age is essential to protect profitability and optimize storage efficiency.<\/p>\n<p>With <a href=\"https:\/\/www.hashmicro.com\/inventory\">HashMicro Inventory Management Software<\/a>, I can automate these reports, saving time and gaining real-time insights for more thoughtful decisions. Try the <a href=\"https:\/\/www.hashmicro.com\/free-product-tour\/\">free demo<\/a> today and see how HashMicro can simplify inventory management for your business!<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.hashmicro.com\/free-product-tour\/?medium=free-product-tour\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" width=\"712\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/11\/Free-Product-Tour-resized.webp\" alt=\"Free Demo\"><\/a> <!-- <div id=\"toc_group_article\" style=''>\r\n\t<p style='font-size:25px;font-weight:bold; margin-bottom:0px'>\r\n\t\tTable of Content:\r\n\t<\/p>\r\n\t<ul id=\"list_toc\" class='list_toc'><\/ul>\r\n<\/div> -->\r\n\r\n<!-- <div class=\"dropdown-fixed-top\" id=\"dropdown-fixed-top\">\r\n\t<div class=\"row\">\r\n\t\t<p id=\"pilihDaftarIsi\">Table of Content<\/p>\r\n\t\t<p><i class=\"td-icon-menu-down\"><\/i><\/p>\r\n\t<\/div>\r\n\t\r\n\t<div>\r\n\t\t<ul id=\"list_toc_top\" class='list_toc'><\/ul>\r\n\t<\/div>\r\n<\/div> -->\r\n\r\n<div id=\"placeholder-toc\"><\/div>\r\n<div id=\"toc\">\r\n    <div class=\"header\">\r\n\t<span class=\"toc-title\" id=\"toc-title\">Table of Content<\/span>\t\r\n\t <i class=\"toc-icon\">\r\n        <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"30\" height=\"30\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"#000\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"header-icon\">\r\n          <path d=\"m6 9 6 6 6-6\" \/>\r\n        <\/svg>\r\n      <\/i>\r\n\t<\/div>\r\n    <div class=\"list\">\r\n      <ul id=\"toc-list\"><\/ul>\r\n    <\/div>\r\n <\/div>\r\n\r\n<style>\r\n\t@media (max-width: 992px) {\r\n\t\t#toc_group_article {\r\n\t\t\tpadding-top: 24px;\r\n\t\t}\r\n\t}\r\n\t\r\n\t#list_toc_float {\r\n\t\tmax-height: calc(100vh - 250px);\r\n\t\toverflow-y: auto;\r\n\t}\r\n\t\r\n\t#list_toc_top {\r\n\t\tdisplay: none;\r\n\t\tbackground: #fff;\r\n\t\tmargin-bottom: 4px;\r\n\t}\r\n\t\r\n\t#list_toc_top li {\r\n\t\tdisplay: block;\r\n\t\tmargin-left: 0;\r\n\t\tlist-style: none;\r\n\t}\r\n\t\r\n\t#list_toc_top a {\r\n\t\tpadding: 5px;\r\n\t\tdisplay: block;\r\n\t}\r\n\t\r\n\t#list_toc_top.show {\r\n\t\tdisplay: block;\r\n\t}\r\n\r\n\t#list_toc_top a {\r\n\t\tcolor: #434343;\r\n\t\tborder-bottom: 1px solid #bbb;\r\n\t}\r\n\t\r\n\t.dropdown-fixed-top {\r\n\t\tposition: fixed;\r\n\t\ttop: 59px;\r\n\t\twidth: 100%;\r\n\t\tz-index: 99;\r\n\t\tborder-bottom: 2px solid #9c171e;\r\n\t\tpadding: 12px;\r\n\t\tbackground: #fff;\r\n\t\twidth: 100%;\r\n\t\tcursor: pointer;\r\n\t\tdisplay: none;\r\n\t\tleft: 0;\r\n\t\tbox-shadow: 0 -2px 7px 6px rgba(0, 0, 0, 0.17);\r\n\t}\r\n\t\r\n\t#dropdown-fixed-top.show {\r\n\t\tanimation: showAnim 0.5s ease;\r\n\t\tdisplay: block;\r\n\t\topacity: 1;\r\n\t}\r\n\t\r\n\t@keyframes showAnim {\r\n\t\tfrom {\r\n\t\t\tdisplay: none;\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t\tto {\r\n\t\t\tdisplay: block;\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t}\r\n\t\r\n\t.dropdown-fixed-top #list_toc_top {\r\n\t\tmax-height: calc(50vh - 110px);\r\n\t\toverflow-y: scroll;\r\n\t}\r\n\t\r\n\t.dropdown-fixed-top .row {\r\n\t\tdisplay: flex;\r\n\t\tjustify-content: space-between\r\n\t}\r\n\t\r\n\t.dropdown-fixed-top .row p {\r\n\t\tmargin-bottom: 0;\r\n\t}\r\n\t\r\n\t#pilihDaftarIsi {\r\n\t\tmax-width: 100%;\r\n\t\toverflow: hidden;\r\n\t\twhite-space: nowrap;\r\n\t}\r\n\t\r\n\t@media (min-width: 1018px) {\r\n\t\t.dropdown-fixed-top {\r\n\t\t\tdisplay: none;\r\n\t\t}\r\n\t}\r\n\t\r\n\t#list_toc li {margin-bottom: 0;margin-top: 5px;}\r\n\t#list_toc > li > ul {padding-left: 20px;margin-bottom: 0;}\r\n\t#list_toc{height:max-content;transition:ease-in-out}\r\n\t#list_toc li {margin-bottom: 0;margin-top: 5px;}\r\n\t#list_toc_float li.active > a {color:#b1252d;background: #ffe1e3;}\r\n\t#list_toc_top li.active > a {color:#b1252d;background: #ffe1e3;}\r\n\t#list_toc_float li a {padding:3px 7px}\r\n\t#list_toc_float li a {\r\n\t\tdisplay: block;\r\n\t\tcolor: #000;\r\n\t\tmargin-bottom: 6px;\r\n\t\tpadding-top: 2px;\r\n\t\tpadding-bottom: 2px;\r\n\t\ttransition: all 0.2s ease-in-out;\r\n\t\tfont-size: 15px;\r\n\t\tline-height: 18px;\r\n\t}\r\n\t#list_toc_float li{list-style:none;list-style-position:inside; margin-left:0;}\r\n\t#list_toc_float a:hover{color:#b1252d;}\r\n\t\r\n\t#toc_group_float{\r\n\t\tline-height: 24px;\r\n\t\tmax-height: calc(100vh - 100px);\r\n\t\toverflow: auto;\r\n\t\tz-index: 99;\r\n\t\tdisplay:none!important;\r\n\t\tbackground:#fff;\r\n\t\ttransition:all 0.5s linear\r\n\t}\r\n\t\r\n\t@media (min-width:1019px){\r\n\t\t#toc_group_float {\r\n\t\t\tdisplay:block!important;\r\n\t\t\t}\r\n\t\t\t\t#toc_group_article {\r\n\t\t\tdisplay:none;\r\n\t\t}\r\n\t}\r\n\r\n<\/style>\r\n\r\n<!-- ToC styling  -->\r\n<style>\r\n\t\/* Simple styling for the TOC *\/\r\n\t\r\n\t#toc ul li:last-child {\r\n    padding-bottom: 16px; \/* Adjust the value as needed *\/\r\n}\r\n\r\n.td-fix-index {\r\n\t transform: unset !important;\r\n     -webkit-transform: unset !important; \r\n}\r\n.footer-contact .td-fix-index {\r\n\t transform: translateZ(0) !important;\r\n     -webkit-transform: translateZ(0) !important; \r\n}\r\n\t.tdb_single_content .tdb-block-inner.td-fix-index{\r\n\t\tposition: static;\r\n\t}\r\n\t\r\n\r\n\t\r\n#toc {\r\n  background-color: #FFF;\r\n\tpadding: 17px 24px 0px 24px !important;\r\n  margin-bottom: 20px;\r\n\/*   border: 1px solid #9C171E; *\/\r\n  border-radius: 6px;\r\n\tdisplay: none;\r\n  max-width: 100%;\r\n  transition: .4s ease height;\r\n\tmargin-left: 0;\r\n\toverflow: hidden;\r\n}\r\n\r\n#toc .header{\r\n  display: flex;\r\n  align-items: center;\r\n  justify-content: space-between;\r\n\tbackground-color: transparent;\r\n}\r\n\t\r\n\t#toc.sticky .header{\r\n\t\tpadding: 4px 0;\r\n\t}\r\n\t\r\n.header p{\r\n  font-size: 18px !important;\r\n  font-weight: 600 !important;\r\n  color: #393939;\r\n   margin-bottom: 0;\r\n  \/* margin-top: 20px; *\/\r\n}\r\n\r\n.toc-icon{\r\n  float: right;\r\n\/*   visibility: hidden; *\/\r\n}\r\n\r\n\t.toc-title{\r\n\t\tmargin-right: auto;\r\n\/* \t\tpadding-left: 20px; *\/\r\n\t\tfont-weight: 600;\r\n\t\talign-self: center;\t}\t\r\n\r\n#toc ul {\r\n  list-style-type: none;\r\n  padding-left: 0;\r\n}\r\n\t\r\n#toc.sticky ul{\r\n\toverflow-y: auto;\r\n\tmax-height: 250px;\r\n\tmargin-top: 0px;\r\n\tpadding-top: 20px;\r\n\/* \tborder-top: 1px solid #d3d3d3; *\/\r\n}\r\n\t\r\n#toc ul li {\r\n\/*   margin-bottom: 10px; *\/\r\n  margin-bottom: 10px;\r\n\tmargin-left: 0;\r\n\ttransition: .2s ease;\r\n\tcursor: pointer;\r\n}\r\n\t\r\n\t#toc.sticky ul li {\r\n\t  margin-right: 10px;\r\n\t}\r\n\t\r\n.td-post-content #toc-list li a:hover, .td-post-content #toc-list a.active{\r\n\tbackground-color: #FFF;\r\n\/* \tpadding: 8px 16px 8px 16px; *\/\r\n\tpadding: 4px 16px 4px 16px;\r\n\tborder-radius: 6px;\r\n\tcolor: #9c171e !important;\r\n\tfont-weight: 600 !important;\r\n}\r\n\t\r\n\t.td-post-content #toc-list li:hover a, .td-post-content #toc-list a.active{\r\n\t\tcolor: #9C171E !important;\r\n\t\tfont-weight: 600 !important;\r\n\t}\r\n\t\r\n.td-post-content #toc-list a.active{\r\n\tfont-weight: bold !important;\r\n\tcolor: #9C171E !important;\r\n}\r\n\t\r\n#toc a, .td-post-content #toc-list a {\r\n  text-decoration: none;\r\n  color: #ea1717 !important;\r\n  transition: .2s ease;\r\n\tfont-weight: 400 !important;\r\n\tdisplay: block;\r\n\t\r\n\tpadding: 4px 16px 4px 0;\r\n}\r\n\r\n#toc.sticky {\r\n  position: fixed;\r\n\/*   top: 73px; *\/\r\n\tbottom: 0;\r\n  z-index: 100; \r\n  box-shadow: 0 2px 5px rgba(0,0,0,0.1); \r\n\twidth: 100%; \r\n\tbackground-color: #FFF;\r\n\/* \tbackground-color: #FFF1F1; *\/\r\n\tborder-bottom: 1px solid #ea1717;\r\n\/*   border: 1px solid #393939; *\/\r\n  box-shadow: 0px 0px 14px 0px #00000040;\r\n  cursor: pointer;\r\n\tanimation: fadein .3s ease;\r\n\tpadding: 12px 16px !important;\r\n}\r\n\t\r\n\t.fadein{\r\n\t\tanimation: fadein .3s ease;\r\n\t}\r\n\t\r\n\t.fadeout{\r\n\t\tanimation: fadeout .3s ease;\r\n\t}\r\n\t\r\n\t\r\n\t@keyframes fadein{\r\n\t\t0% {\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@keyframes fadeout{\r\n\t\t0% {\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t}\r\n\r\n\t\r\n#toc.sticky .header p{\r\n\tmargin-bottom: 10px;\r\n\tmargin-top: 10px;\r\n}\r\n\r\n#toc.sticky .toc-icon{\r\n  visibility: visible;\r\n\/* \ttransition: 0.4s ease; *\/\r\n}\r\n\t\r\n\t.toc-icon{\r\n\t\talign-items: center;\r\n    \tdisplay: flex;\r\n\t}\r\n\t\r\n\tsvg.header-icon{\r\n\/* \t\tbackground-color: #9c171e; *\/\r\n\t\tbackground-color: #FFF;\r\n\t\tborder-radius: 30px;\r\n\t\tpadding: 5px;\r\n\t}\r\n\r\n#toc.sticky .list{\r\n\/*   max-height: 0; *\/\r\n  transition: height 0.4s ease;\r\n}\r\n\t\r\n\t#toc .list{\r\n\/*   max-height: 0; *\/\r\n  transition: height 0.4s ease;\r\n}\r\n\r\n#toc .header.active .toc-icon{\r\n\ttransform: rotate(0deg); \r\n\topacity: 1;\r\n}\r\n\r\n\t#toc .header.active + .list {\r\n\t  max-height: 200px; \/* Adjust this value as needed *\/\r\n\t  opacity: 1;\r\n\t}\r\n\t\r\n\t#placeholder-toc{\r\n\/* \t\tdisplay: none; *\/\r\n\t}\r\n\t\r\n\t@media (min-width: 768px) and (max-width: 991px){\r\n\t\t#toc.sticky{\r\n\/* \t\t\ttop: 104px; *\/\r\n\t\t\tbottom: 0px;\r\n\t\t}\r\n\t\t\r\n\t\t#toc{\r\n\t\t\twidth: unset !important;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@media (max-width: 767px){\r\n\t\t#toc{\r\n\t\t\twidth: 100% !important;\r\n\t\t\tdisplay: inline-block;\r\n\t\t}\r\n\t\t\r\n\t\t#toc.sticky{\r\n\t\t\twidth: 90% !important;\r\n\/* \t\t\ttop: 81px; *\/\r\n\t\t\tbottom: 60px;\r\n\t\t\tmargin-left: auto;\r\n\t\t\tmargin-right: auto;\r\n\t\t\tpadding: 0 16px;\r\n\t\t\tright: 5%;\r\n\t\t}\r\n\t}\r\n\t\r\n\t<\/style>\r\n\r\n<!-- ToC List for mobile -->\r\n<script>\r\n \/\/ Generate TOC based on headings\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  \/\/ Get the element that will contain the TOC\r\n  const tocList = document.getElementById('toc-list');\r\n\r\n  \/\/ Get the element with the ID 'article-left'\r\n  const article = document.querySelector('.td-post-content');\r\n\r\n  \/\/ Find all h2 elements within 'myarticle'\r\n  const headers = article.getElementsByTagName('h2');\r\n\r\n  \/\/ Loop through the h2 elements and create a list item for each one\r\n  for (let i = 0; i < headers.length; i++) {\r\n    const header = headers[i];\r\n    const headerText = header.textContent;\r\n\/\/     const headerId = 'header-' + i;\r\n    const headerId = headerText\r\n    .toLowerCase()\r\n    .trim()\r\n    .replace(\/[^\\w\\s-]\/g, '')  \/\/ hapus tanda baca\r\n    .replace(\/\\s+\/g, '-'); \/\/ ganti spasi jadi \"-\"\r\n\r\n    \/\/ Set an ID for the header if it doesn't have one\r\n    header.setAttribute('id', headerId);\r\n\r\n    \/\/ Create a list item for the TOC\r\n    const listItem = document.createElement('li');\r\n\r\n    \/\/ Create a link for the list item\r\n    const link = document.createElement('a');\r\n    link.setAttribute('href', '#' + headerId);\r\n    link.textContent = headerText;\r\n\r\n    \/\/ Append the link to the list item\r\n    listItem.appendChild(link);\r\n\r\n    \/\/ Append the list item to the TOC list\r\n    tocList.appendChild(listItem);\r\n  }\r\n});\r\n\r\n\/\/ Keep height and placement of content using placeholder in place of TOC\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  const toc = document.querySelector('#toc');\r\n  const placeholderToc = document.querySelector('#placeholder-toc');\r\n\r\n  function setPlaceholderHeight() {\r\n    placeholderToc.style.height = `${toc.offsetHeight}px`;\r\n  }\r\n\r\n  \/\/ Set the initial height of the placeholder\r\n  setPlaceholderHeight();\r\n\r\n  \/\/ Update the height on window resize\r\n  window.addEventListener('resize', setPlaceholderHeight);\r\n});\r\n  const tocTitle = document.querySelector('#toc-title'); \/\/ Assuming header-faq is the element for TOC title\r\n\r\n\/\/ Sticky TOC and update heading\r\ndocument.addEventListener(\"DOMContentLoaded\", function() {\r\n  const toc = document.querySelector('#toc');\r\n  const footer = document.querySelector('.td-footer-template-wrap');\r\n  const tocParent = toc.parentElement;\r\n  const divTop = tocParent.getBoundingClientRect().top + window.pageYOffset;\r\n  const tocHeight = toc.offsetHeight;\r\n  const triggerPoint = divTop + tocHeight + 700;\r\n  const footerHeight = footer.offsetHeight;\r\n  const triggerFooterPoint = footer.getBoundingClientRect().top + window.pageYOffset - footerHeight - footerHeight - footerHeight;\r\n  const phtoc = document.querySelector('#placeholder-toc');\r\n  const headers = document.querySelectorAll('.td-post-content h2');\r\n  const navLinks = document.querySelectorAll('#toc-list a');\r\n\t\r\n\tconst panel2 = document.querySelector(\"#toc .list\");\r\n\tvar icon = document.querySelector(\".toc-icon\");\r\n\r\n  let activeLink = null; \/\/ Declare activeLink outside the loop\r\n\t\r\n  \/\/ Function to handle scroll and add\/remove .sticky class\r\n  function handleScroll() {\r\n    const windowTop = window.pageYOffset || document.documentElement.scrollTop;\r\n    let currentHeader = '';\r\n\r\n    \/\/ Highlight user progress as the heading comes\r\n    headers.forEach(header => {\r\n\t\tconst headerTop = header.offsetTop;\r\n\t\tconst headerHeight = header.clientHeight;\r\n\t\tif (window.scrollY >= (headerTop - headerHeight + 700)) {\r\n\t\t\tconst currentHeaderId = header.getAttribute('id');\r\n\t\t\tconst currentHeaderText = document.getElementById(currentHeaderId).textContent;\r\n\/\/ \t\t\tconsole.log(\"current header text:\", currentHeaderText);\r\n\t\t\ttocTitle.textContent = currentHeaderText;\r\n\t\t\tcurrentHeader = currentHeaderId;\r\n\t\t\t\r\n\t\t\tif(window.innerWidth < 767){\r\n\t\t\t\ttocTitle.textContent = 'Table of Content';\r\n\t\t\t}\r\n\t\t}\r\n\t});\r\n\r\n    navLinks.forEach(link => {\r\n      link.classList.remove('active');\r\n      if(currentHeader != '') {\r\n\t\t  if (link.getAttribute('href').includes(currentHeader)) {\r\n\t\t\t  link.classList.add('active');\r\n\t\t  }\r\n\t  }\r\n    });\r\n\/\/     if (windowTop < triggerFooterPoint) {\r\n\/\/         toc.style.display = 'block';\r\n\/\/ \t}else{\r\n\/\/         toc.style.display = 'none';\r\n\/\/ \t}\r\n    \/\/ Update TOC title if sticky\r\n    if (windowTop > triggerPoint) {\r\n      if (!toc.classList.contains('sticky')) {\r\n        phtoc.style.display = \"block\";\r\n        toc.classList.add('sticky');\r\n        toc.style.width = `${tocParent.offsetWidth}px`; \/\/ Set width to match the parent element\r\n        toc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n        toc.style.backgroundColor = \"#FFF\";\r\n\t\tpanel2.style.height = '0px';\r\n\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t  if(window.innerWidth < 767){\r\n\/\/ \t\t\t  const tocs = document.querySelector('#toc.sticky');\r\n\t\t\t  tocTitle.textContent = 'Table of Content'; \/\/ Reset title\r\n       \t\t  toc.style.width = '150px'; \/\/ Set width to match the parent element\r\n\t\t  }\r\n      }\r\n      if (currentHeader) {\r\n\/\/         console.log(\"activeLink:\", activeLink);\r\n        if (activeLink) {\r\n\/\/           tocTitle.textContent = activeLink.textContent; \/\/ Update TOC title\r\n          tocTitle.textContent = activeLink ? activeLink.textContent : \"\"; \/\/ Update title only if activeLink exists\r\n        }\r\n      }\r\n    } else {\r\n      toc.classList.remove('sticky');\r\n      phtoc.style.display = \"none\";\r\n      toc.style.width = 'unset'; \/\/ Reset to original width\r\n      toc.style.backgroundColor = \"#FFF\";\r\n      tocTitle.textContent = 'Table of Content'; \/\/ Reset title\r\n\t\tpanel2.style.height = panel2.scrollHeight + \"px\";\r\n\t\ticon.style.transform = \"rotate(180deg)\";\r\n    }\r\n  }\r\n\r\n    \/\/ Attach the scroll event listener to the window\r\n    window.addEventListener('scroll', handleScroll);\r\n\r\n    \/\/ Initial call to handleScroll to set the correct state on load\r\n    handleScroll();\r\n});\r\n\t\r\n\t\/\/ Open toggle TOC\r\n\t  document.addEventListener(\"DOMContentLoaded\", function() {\r\n\t\tvar tocHeader = document.querySelector(\"#toc .header\");\r\n\t\tvar toc = document.querySelector(\"#toc\");\r\n\t\tvar icon = document.querySelector(\".toc-icon\");\r\n\t\tconst tocTitle = document.querySelector('#toc-title');\r\n\t\tconst tocs = document.querySelector('#toc.sticky');\r\n \t\tconst tocParent = toc.parentElement;\t\t  \r\n\r\n\t\t  tocHeader.addEventListener(\"click\", function() {\r\n\t\t\tvar panel = this.nextElementSibling;\r\n\t\t\tif (panel.style.height !== '0px') { \/\/ Check if height is not 0px\r\n\t\t\t  panel.style.height = '0px'; \/\/ Set height to 0 for full collapse\r\n\t\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\/\/ 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(headerHeight); \/\/ Calculate the scroll position to center the target element\r\n\r\n\/\/                 \/\/ Scroll to the calculated position smoothly\r\n\/\/                 window.scrollTo({\r\n\/\/                     top: scrollTo,\r\n\/\/                     behavior: 'smooth'\r\n\/\/                 });\r\n\/\/             }\r\n\/\/         });\r\n\/\/     });\r\n\/\/ });\r\n<\/script>\r\n\r\n<!-- START script lama -->\r\n<!-- <script>\r\n\/\/ \tvar pilihDaftarIsi = document.getElementById('pilihDaftarIsi');\r\n\t\r\n\/\/ \tdocument.addEventListener('DOMContentLoaded', function() {\r\n\/\/ \t\tvar dropdownFixedTop = document.querySelector('.dropdown-fixed-top');\r\n\r\n\/\/ \t\tdropdownFixedTop.addEventListener('click', function() {\r\n\/\/ \t\t\tvar dropdownContent = this.querySelector('.list_toc');\r\n\/\/ \t\t\tdropdownContent.classList.toggle('show');\r\n\/\/ \t\t});\r\n\r\n\/\/ \t\twindow.addEventListener('click', function(event) {\r\n\/\/ \t\t\tvar listTocTop = 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return;\r\n      const href = a.getAttribute('href');\r\n      const targetId = href.substring(1); \/\/ Remove the '#' from the href to get the target ID\r\n      const targetElement = document.getElementById(targetId);\r\n      if (!targetElement) return;\r\n\r\n      const targetTop = targetElement.getBoundingClientRect().top + scrollPosition;\r\n      const nextItem = item.nextElementSibling;\r\n      const nextTop = nextItem ? nextItem.getBoundingClientRect().top + scrollPosition : Infinity;\r\n\r\n      if (targetTop <= scrollPosition + 150) {\r\n        if (a.parentElement.parentElement === tocItems) {\r\n          \/\/ The h2 heading is at the root level of the TOC\r\n          activeH2 = { id: targetId, level: 'h2' };\r\n        } else {\r\n          \/\/ The h3 heading is nested under an h2 heading\r\n          const parentH2 = a.parentElement.parentElement.previousElementSibling;\r\n          if (parentH2) {\r\n            const h2Link = parentH2.querySelector('a');\r\n       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a.textContent;\r\n        }\r\n      }\r\n    });\r\n  }\r\n\r\n  \/\/ Call scrollSpy for each TOC on window scroll\r\n  const tocClasses = ['list_toc', 'list_toc_float', 'list_toc_top']; \/\/ Add other TOC class names here if you have more than two instances\r\n  tocClasses.forEach(tocClass => {\r\n    window.addEventListener('scroll', () => scrollSpy(tocClass));\r\n  });\r\n<\/script> -->\r\n<!-- END script lama -->\r\n\t\r\n<script>\r\n    \/\/ Scrollspy function to highlight the active TOC item based on the scroll position\r\n  function scrollSpy(tocClass) {\r\n    const scrollPosition = window.scrollY;\r\n\r\n    \/\/ Find the active h2 and h3 headings based on their position in the corresponding TOC\r\n    let activeH2 = null;\r\n    let activeH3 = null;\r\n\r\n    const tocItems = document.querySelectorAll(`.${tocClass} li`);\r\n    tocItems.forEach(item => {\r\n      const a = item.querySelector('a');\r\n      if (!a) return;\r\n      const href = a.getAttribute('href');\r\n    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scroll\r\n  const tocClasses = ['list_toc', 'list_toc_float']; \/\/ Add other TOC class names here if you have more than two instances\r\n  tocClasses.forEach(tocClass => {\r\n    window.addEventListener('scroll', () => scrollSpy(tocClass));\r\n  });\r\n<\/script>\r\n\t\r\n\r\n<!-- ToC List for desktop side bar, diganti jadi inject by php, di code snippet \"Sidebar Accordion\" -->\r\n<!--  <script>\r\n\tdocument.addEventListener(\"DOMContentLoaded\", function() {\r\nToC List for desktop side bar, diganti jadi inject by php, di code snippet \"Sidebar Accordion\"\r\n        Fungsi untuk mengubah teks menjadi format id\r\n        function formatId(text) {\r\n            return text.trim().replace(\/[^\\w\\d]+\/g, '_');\r\n        }\r\n\r\n        \/\/ Fungsi untuk membuat nested list\r\n        function createNestedList(parentNode, children) {\r\n            if (children.length === 0) return;\r\n\r\n            const nestedUl = document.createElement('ul');\r\n            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formatId(element.textContent);\r\n                element.id = id;\r\n\t\t\t\tif (element.textContent.toLowerCase() === \"key takeaways\") {return;} \/\/ Kalau Key Takeaways, jangan dimasukin\r\n                headings.push({ level: 'h2', id: id, title: element.textContent, children: [] });\r\n            } else if (element.tagName === 'H3') {\r\n                const id = formatId(element.textContent);\r\n                element.id = id;\r\n                if (headings.length > 0) {\r\n                    headings[headings.length - 1].children.push({ level: 'h3', id: id, title: element.textContent, children: [] });\r\n                }\r\n            }\r\n        });\r\n\r\n        \/\/ Membuat list HTML dari objek headings\r\n        const ul = document.getElementById('list_toc');\r\n        let currentUl = ul;\r\n        headings.forEach(heading => {\r\n            const li = document.createElement('li');\r\n            const a = document.createElement('a');\r\n            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document.getElementById('list_journey');\r\n\r\nDapatkan isi (child elements) dari ul dengan id 'list_toc_float'\r\n\tif (ulFloat !== null) {\r\n\t\tconst clonedChildren = ulFloat.cloneNode(true).children;\r\n\t\tconst ulToc = document.getElementById('list_toc_float');\r\n\t\tconst ulTocTop = document.getElementById('list_toc_top');\r\n\t\tif ((ulToc !== null || ulToc !== undefined) && window.innerWidth > 1018){\r\n\t\t\tulToc.append(...clonedChildren);\r\n\t\t} else {\r\n\t\t\tulTocTop.append(...clonedChildren);\r\n\t\t}\r\n\t} \r\n\r\n\tif (ulJourney !== null) {\r\n\t\tconst clonedChildrenJourney = ulJourney.cloneNode(true).children;\r\n\t\tconst ulTocJourney = document.getElementById('list_toc_journey');\r\n\t\tulTocJourney.append(...clonedChildrenJourney);\r\n\t} \r\n\t\r\n        Fungsi untuk mengambil tinggi navbar\r\n        function getNavbarHeight() {\r\n            const navbar = document.getElementById('tdi_34');\r\n            return navbar ? navbar.offsetHeight : 0;\r\n        }\r\n\r\n        \/\/ Fungsi untuk menambahkan offset posisi scroll\r\n        function scrollToElementWithOffset(elementId) {\r\n            const element = document.getElementById(elementId);\r\n            if (element) {\r\n                const offset = getNavbarHeight();\r\n                const elementPosition = element.getBoundingClientRect().top;\r\n                const offsetPosition = elementPosition - offset-40;\r\n\r\n                window.scrollBy({\r\n                    top: offsetPosition,\r\n                    behavior: 'smooth'\r\n                });\r\n            }\r\n        }\r\n\r\n        \/\/ Fungsi untuk menangani klik pada tautan judul\r\n        function handleTitleClick(event) {\r\n            event.preventDefault();\r\n            const href = event.target.getAttribute('href').substr(1);\r\n            scrollToElementWithOffset(href);\r\n        }\r\n\r\n        \/\/ Tambahkan event listener untuk semua tautan judul\r\n        const titleLinks = document.querySelectorAll('a[href^=\"#\"]');\r\n        titleLinks.forEach(link => {\r\n            link.addEventListener('click', handleTitleClick);\r\n        });\r\n\t});\r\n    <\/script> -->\r\n<\/span><\/p>\n<table style=\"border-collapse: coacllapse; background-color: #fffacd; border-radius: 25px 25px 25px 25px;\" width=\"100%\">\n<tbody>\n<tr>\n<td style=\"padding: 15px; border: none;\">\n<h3 style=\"margin-bottom: 10px;\"><span style=\"background-color: #990000; color: #ffffff; padding: 5px;\"><b>Key Takeaways<\/b><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\">An <a href=\"#aging\">inventory aging report<\/a> effectively categorizes stock by age, enabling businesses to optimize sales strategies and manage inventory health efficiently.<\/li>\n<li><a href=\"#tips\">Tips for effective inventory aging management<\/a> include strategic inventory planning, regular pricing reviews, enhanced warehouse organization, and investing in inventory automation tools to optimize stock levels and improve profitability.<\/li>\n<li>Using <a href=\"https:\/\/www.hashmicro.com\/inventory\">HashMicro Inventory Management Software<\/a> may enhance inventory management and automate report generation.<\/li>\n<\/ul>\n<p><span id=\"aging\"><style>\r\n.button-cta-custom {\r\n    background-color: #8a0e19;\r\n    color: #fff !important;\r\n    -webkit-transition: all .3s ease;\r\n    transition: all .3s ease;\r\n    padding: 8px 24px;\r\n    display: inline-block;\r\n    border-radius: 8px;\r\n    font-size: 16px;\r\n    font-weight: bold;\r\n}\r\n.button-cta-custom:hover{\r\n\tbackground-color:#991b26\t\t\r\n}\r\n<\/style>\r\n<a class=\"button-cta-custom\" href=\"https:\/\/www.hashmicro.com\/free-product-tour\/?medium=cta-button\" target=\"_blank\">Click Here to Get Free Demo<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b>What is an Inventory Aging Report?<\/b><\/h2>\n<p>An inventory aging report helps me track how long items have been in stock by grouping them into time periods like 30, 60, or 90 days. With this insight, I can identify <a href=\"https:\/\/www.hashmicro.com\/blog\/slow-moving-inventory\/\">slow-moving inventory<\/a> early, reduce holding costs, and make better purchasing or sales decisions.<\/p>\n<p>By using an automated <a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-management-system\/\">inventory system<\/a>, I can generate these reports with high accuracy and efficiency. It saves time, improves cash flow, and keeps my inventory management running smoothly.<\/p>\n<h2><b>Why You Need Inventory Aging Reports for Your Business<\/b><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-60090 size-full\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business.webp\" alt=\"inventory aging report\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business.webp 1200w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business-300x169.webp 300w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business-768x432.webp 768w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business-747x420.webp 747w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business-150x84.webp 150w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business-696x392.webp 696w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/why-you-need-inventory-aging-reports-for-your-business-1068x601.webp 1068w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>An inventory aging report is a crucial tool I use to manage and optimize my business\u2019s stock levels. It gives me valuable insights into the age of my inventory, helping me identify potential issues before they affect operations.<\/p>\n<p>By understanding how long items have been sitting in my stock, I can make data-driven decisions to improve efficiency, reduce waste, and boost profitability through <a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-aging\/\">inventory aging analysis<\/a>.<\/p>\n<h2><strong>What are the Benefits of Inventory Aging Reports?<\/strong><\/h2>\n<p>From my experience, an inventory aging report isn\u2019t just about tracking old stock\u2014it reveals inefficiencies and hidden opportunities. By analyzing item age, I can optimize stock levels, reduce waste, and improve cash flow for better business performance.<\/p>\n<p><span style=\"font-weight: 400;\">Here are the key benefits of using inventory aging reports:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>Identify slow-moving inventory: <\/b><span style=\"font-weight: 400;\">This report helps identify slow-moving inventory. By spotting items that are not selling well, you can take action to discount or promote these products before they become obsolete.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Disconnect between sales and inventory: <\/b><span style=\"font-weight: 400;\">These aging<\/span><a href=\"https:\/\/www.hashmicro.com\/blog\/essential-inventory-reports\/\"> <span style=\"font-weight: 400;\">inventory report<\/span><\/a><span style=\"font-weight: 400;\"> reveal the disconnect between sales and inventory. If sales data doesn\u2019t match up with what\u2019s in stock, it highlights inefficiencies and areas that need attention.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Dead inventory strategy: <\/b><span style=\"font-weight: 400;\">An inventory aging report aids in developing a strategy for dead inventory. Items stuck in stock for too long can be labeled dead stock and managed through offers like bundling, clearance sales, or special promotions. In the food industry, goods that go beyond a few weeks can be marked as dead or expired and require immediate action.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Carrying, overhead, and opportunity costs:<\/b><span style=\"font-weight: 400;\"> These aging inventory reports help manage carrying, overhead, and opportunity costs. Reducing excess stock lowers storage costs and frees up capital for other business opportunities.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Reduced liquidity &amp; margins: <\/b><span style=\"font-weight: 400;\">They assist in identifying reduced liquidity and margins. Old inventory ties up funds that could be used elsewhere, impacting your business\u2019s financial health.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Waste and environmental impact:<\/b><span style=\"font-weight: 400;\"> Inventory aging reports can reduce waste and environmental impact. By managing stock more efficiently, you minimize the risk of disposing of unsold goods, contributing to a more sustainable business practice.<\/span><\/li>\n<\/ol>\n<h2><strong>The Pros and Cons of Using an Inventory Aging Report<\/strong><\/h2>\n<p>An inventory aging report is an essential tool I use to monitor my stock\u2019s health. It gives me valuable insights into inventory turnover and helps me make smarter business decisions. However, like any analytical tool, it has both benefits and limitations, so understanding them is key to using the report effectively.<\/p>\n<p><strong>Advantages:<\/strong><\/p>\n<ul>\n<li>Monitors product longevity: The report helps you track how long items stay in your inventory, making it easier to identify products that have been in stock for too long.<\/li>\n<li>Identifies slow-moving items: It highlights items that are not selling as quickly, giving you the opportunity to adjust pricing, promotions, or reorder strategies.<\/li>\n<li>Informs future purchasing decisions: By assessing inventory age, you can make more informed decisions about what to order, ensuring you\u2019re meeting demand without overstocking.<\/li>\n<li>Assesses holding costs: The report helps assess the cost of maintaining stock, enabling you to make strategic decisions about inventory management to avoid excessive expenses.<\/li>\n<\/ul>\n<p><strong>Disadvantages:<\/strong><\/p>\n<ul>\n<li>Limited view of total inventory costs: While the report tracks the age of stock, it does not provide a comprehensive view of your overall inventory expenses.<\/li>\n<li>Doesn\u2019t track the slowest-moving products: The report may not offer insights into the specific items that are the slowest to move through your inventory, making it harder to address potential issues effectively.<\/li>\n<li>Lacks detailed expense breakdown: It does not highlight which products are costing the most to store or maintain, which could lead to missed opportunities for cost-saving.<\/li>\n<li>Potentially higher maintenance costs: Relying solely on the aging report without considering other factors could lead to increased costs for preserving the quality of slow-moving items.<\/li>\n<\/ul>\n<p>By carefully balancing the benefits and limitations of the inventory aging report, businesses can leverage this tool to optimize stock management, reduce waste, and improve overall profitability.<\/p>\n<h2><b>How to Calculate Inventory Aging<\/b><\/h2>\n<p>Calculating an aging inventory report involves several key formulas that give me valuable insights into my inventory management. By understanding these calculations, I can manage my stock more effectively and enhance overall business efficiency.<\/p>\n<p><span style=\"font-weight: 400;\">Here are the essential calculations you need to know, along with the inventory aging report formula:<\/span><\/p>\n<h3><strong>1. Average Inventory Cost<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The average inventory cost shows the value of your stock over a certain period. It helps balance out the ups and downs in inventory due to seasonal changes or different shipping schedules, giving a clear view of your overall inventory value.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To calculate average inventory cost, use this formula:\u00a0<\/span><\/p>\n<blockquote><p><b>Average inventory cost = annual COGS \/ total ending inventory<\/b><\/p><\/blockquote>\n<h3><strong>2. Cost of Goods Sold (COGS)<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">COGS represents the total cost of producing a business&#8217;s goods. This includes direct costs like materials and labor and indirect costs such as overhead.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To calculate COGS, use this formula:\u00a0<\/span><\/p>\n<blockquote><p><b>COGS = (beginning inventory + purchases) \u2013 ending inventory<\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The beginning inventory is the stock you have at the start of the period, and the ending inventory is what remains unsold at the end.<\/span><\/p>\n<h3><strong>3. Inventory Turnover Ratio (ITR)<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The ITR shows how often a business sells and replaces its inventory within a certain period, usually a year. This ratio helps businesses decide on pricing, marketing, and restocking strategies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To calculate ITR, use the following inventory aging report formula:\u00a0<\/span><\/p>\n<blockquote><p><b>ITR = COGS \/ average inventory value<\/b><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">A lower ITR might mean you have too much stock or weak sales, while a higher ITR could indicate strong sales or not enough inventory.<\/span><\/p>\n<h3><strong>4. Average Inventory Age<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Average inventory age measures how long it takes, on average, to sell your inventory. This metric, also known as days sales in inventory (DSI), helps you understand your stock turnover rate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To calculate the average inventory age, use this formula:\u00a0<\/span><\/p>\n<blockquote><p><b>Average inventory age = (average inventory cost \/ COGS) x 365 days<\/b><\/p><\/blockquote>\n<h2><b>Inventory Aging Report Example<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">An inventory aging report is an essential tool in inventory management that provides a detailed overview of the age of stock items. Before I go any further, let&#8217;s look at the following example of an inventory aging report table.\u00a0<\/span><\/p>\n<!-- shortcode CTA download new -->\r\n\r\n<div class=\"download-wrapper new\">\r\n\t<p class=\"download-desc\"><\/p>\r\n\t\r\n\t<div class=\"download-top\" style=\"position: relative;\">\r\n\t\t<div class=\"opacity-ef\"><\/div>\r\n\t\t<img decoding=\"async\" class=\"download-img\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/inventory-aging-report.png\">\r\n\t<\/div>\r\n\t\r\n\t<div class=\"button-wrapper\">\r\n\t\t<button \r\n\t\t\tclass=\"downloadBtn\" \r\n\t\t\tpopup-content=\"\" \r\n\t\t\tdata-link=\"https:\/\/docs.google.com\/spreadsheets\/d\/15VbbfS4ideQxu2CNAupk6Ml5t8jifev6nfR797C2K3U\/copy\"\r\n\t\t\tdata-format=\"sheet\">\r\n\t\t\t<div class=\"icon-unduh\"><\/div>\r\n\t\t\t<p class=\"download-text\">Download Now<\/p>\r\n\t\t<\/button>\r\n\r\n\t\t<button \r\n\t\t\tclass=\"downloadBtn\" \r\n\t\t\tpopup-content=\"\" \r\n\t\t\tdata-link=\"\"\r\n\t\t\tdata-format=\"\">\r\n\t\t\t<div class=\"icon-unduh\"><\/div>\r\n\t\t\t<p class=\"download-text\">Download Now<\/p>\r\n\t\t<\/button>\r\n\r\n\t\t<button \r\n\t\t\tclass=\"downloadBtn\" \r\n\t\t\tpopup-content=\"\" \r\n\t\t\tdata-link=\"\"\r\n\t\t\tdata-format=\"\">\r\n\t\t\t<div class=\"icon-unduh\"><\/div>\r\n\t\t\t<p class=\"download-text\">Download Now<\/p>\r\n\t\t<\/button>\r\n\t<\/div>\r\n\t\r\n\t<div class=\"download-bottom\" style=\"position: relative;\">\r\n\t\t<div class=\"opacity-ef\"><\/div>\r\n\t\t<img decoding=\"async\" class=\"download-img\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/07\/inventory-aging-report.png\" alt=\"\">\r\n\t<\/div>\r\n<\/div>\r\n\r\n<style>\r\n\t.button-wrapper{\r\n\t\tdisplay: flex;\r\n\t\talign-items: center;\r\n\t\tjustify-content: center;\r\n\t}\r\n\t\r\n\t.new p.download-text{\r\n\t\tmargin-bottom: 0;\r\n\t\tcolor: #FFF;\r\n\t\ttext-align: center;\r\n\t\tfont-family: 'Roboto';\r\n\t}\r\n\t\r\n\t.download-bottom, .download-top{\r\n\t\tmargin-top: 32px;\r\n\t\theight: 250px;\r\n\t\toverflow: hidden;\r\n\t\tborder-radius: 8px 8px 0 0;\r\n\t}\r\n\t\r\n\t.download-top{\r\n\t\tdisplay: none;\r\n\t}\r\n\t\r\n\t.download-img{\r\n\t\twidth: 100%;\r\n\/* \t\tfilter: blur(1px); 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\r\n\t\t\tbtnText.innerHTML = \"Download PDF\";\r\n\t\t\ticonUnduh.style.backgroundImage = \"url('https:\/\/www.hashmicro.com\/id\/blog\/wp-content\/uploads\/2024\/12\/teenyicons_pdf-solid.webp')\"\r\n\t\t}\r\n\t\tif(formatData == 'word'){\r\n\t\t\tbutton.classList.add('btn-word'); \r\n\t\t\tbtnText.innerHTML = \"Download Word\";\r\n\t\t\ticonUnduh.style.backgroundImage = \"url('https:\/\/www.hashmicro.com\/id\/blog\/wp-content\/uploads\/2024\/12\/file-icons_microsoft-word.webp')\"\r\n\t\t}\r\n\t\tif(formatData == 'excel'){\r\n\t\t\tbutton.classList.add('btn-excel'); \r\n\t\t\tbtnText.innerHTML = \"Download Excel\";\r\n\t\t\ticonUnduh.style.backgroundImage = \"url('https:\/\/www.hashmicro.com\/id\/blog\/wp-content\/uploads\/2024\/12\/vscode-icons_file-type-excel2.webp')\"\r\n\t\t}\r\n\t\tif(formatData == 'docs'){\r\n\t\t\tbutton.classList.add('btn-word'); \r\n\t\t\tbtnText.innerHTML = \"Download Docs\";\r\n\t\t\ticonUnduh.style.backgroundImage = \"url('https:\/\/www.hashmicro.com\/id\/blog\/wp-content\/uploads\/2024\/12\/simple-icons_googledocs.webp')\"\r\n\t\t}\r\n\t\tif(formatData == 'sheet'){\r\n\t\t\tbutton.classList.add('btn-excel'); \r\n\t\t\tbtnText.innerHTML = \"Download Sheet\";\r\n\t\t\ticonUnduh.style.backgroundImage = \"url('https:\/\/www.hashmicro.com\/id\/blog\/wp-content\/uploads\/2024\/12\/simple-icons_googlesheets.webp')\"\r\n\t\t}\r\n\t\t\r\n\t\tif(linkData == ''){\r\n\t\t\tbutton.classList.add('d-none');\r\n\t\t}\r\n\t})\r\n<\/script>\n<p><span style=\"font-weight: 400;\">The table above clearly shows how the inventory aging report helps identify items that need priority management. With this information, businesses <span id=\"tips\"><br \/>\ncan optimize stock management and prevent losses due to obsolete items.<\/span><\/span><\/p>\n<h2><b>5 KPIs for Inventory Aging<\/b><\/h2>\n<p>Tracking the right key performance indicators (KPIs) is crucial for me to manage inventory efficiently. Here are five essential KPIs that I use to gauge the health of my inventory aging:<\/p>\n<h3><strong>1. Inventory turnover ratio<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">This KPI measures how often your inventory is sold and replaced over a period. A higher turnover ratio indicates efficient inventory management, showing that items are sold quickly and restocked efficiently.<\/span><\/p>\n<h3><strong>2. Percentage of inventory aging<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">This metric shows the percentage of your inventory that has been in stock for a long period. It helps identify products at risk of becoming obsolete, enabling proactive management decisions.<\/span><\/p>\n<h3><strong>3. Carrying costs<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">These are the total costs of holding inventory, including storage, insurance, and employee costs. Monitoring these costs ensures they do not excessively eat into your profit margins.<\/span><\/p>\n<h3><strong>4. Percentage of slow-moving inventory<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">This indicates the proportion of inventory that moves slower than expected. It is calculated with the formula:<\/span><\/p>\n<blockquote><p><b>(Value of Slow-Moving Inventory \/ Total Inventory Value) x 100<\/b><\/p><\/blockquote>\n<h3><strong>5. Inventory carrying cost as a percentage of revenue<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">This KPI helps you understand how much of your revenue is spent on carrying inventory. It is especially important to assess whether the cost of holding stock is aligned with your business revenues. Formula:<\/span><\/p>\n<blockquote><p><b>(Inventory Carrying Cost \/ Total Revenue) x 100<\/b><\/p><\/blockquote>\n<style>\r\n\t.container-box-section .row {\r\n      display: flex;\r\n    }\r\n\r\n    .container-box-section {\r\n      background: #f2f8ff;\r\n      border-radius: 10px;\r\n      padding: 0 32px 24px 32px;\r\n\t  margin-top: 48px;\r\n\t  border: 2px solid #497ECD;\r\n    }\r\n\r\n    .container-box-section .row-link {\r\n      color: #9C171E;\r\n      font-weight: 600;\r\n      text-decoration: underline;\r\n    }\r\n\r\n    .container-box-section .image-overflow {\r\n      position: absolute;\r\n      transform: translate(-10px, -30px);\r\n    }\r\n\t\r\n\t.container-box-section .box-heading {\r\n\t\tfont-size: 27px;\r\n\t\tline-height: 38px;\r\n\t\tmargin-top: 30px;\r\n\t\tmargin-bottom: 20px;\r\n\t\tmargin-left: 90px;\r\n\t\tfont-weight: 600;\r\n\t}\r\n\t\r\n\t@media only screen and (max-width: 767px) {\r\n\t\t.container-box-section .image-overflow {\r\n\t\t\twidth: 45px;\r\n\t\t\ttransform: translate(0, 16px) !important;\r\n\t\t}\r\n\t\t\r\n\t\t.container-box-section .box-heading {\r\n\t\t\tmargin-left: 64px;\r\n\t\t}\r\n\t\t\r\n\t\t.container-box-section {\r\n\t\t  margin-top: 24px;\r\n\t\t}\r\n\t\t\r\n\t\t.container-box-section .box-heading {\r\n\t\t\tfont-size: 22px;\r\n\t\t}\r\n\t\t\r\n\t\t.container-box-section p:not(.box-heading), .container-box-section a {\r\n\t\t\tfont-size: 16px;\r\n\t\t}\r\n\t}\r\n<\/style>\r\n\r\n<div class=\"container-box-section\">\r\n    <div class=\"row\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.hashmicro.com\/assets\/article\/2bulb-snippet.webp\" alt=\"\" class=\"image-overflow\" loading=\"lazy\">\r\n      <p class=\"box-heading\">Need to Know<\/p>    <\/div>\r\n\r\n    <div class=\"row\">\r\n\t\t<p style=\"margin-bottom: 16px; display: none;\" class=\"description\">In Singapore, inventory aging analysis shows that approximately 40% of retail businesses experience overstock issues, which results in products remaining unsold beyond the ideal 90-day threshold, directly impacting their liquidity and space management.<\/p>\t\t<p class=\"desc-clone\"><\/p>\r\n\t<\/div>\r\n\r\n    <div class=\"row-link\">\r\n      <a target=\"_blank\" style=\"display: none; width: fit-content\" class=\"link-fakta-unik\" href=\"\"><\/a>    <\/div>\r\n<\/div>\r\n\r\n<script>\r\n\tdocument.addEventListener('DOMContentLoaded', function() {\r\n        const descriptions = document.querySelectorAll('.container-box-section .description');\r\n        const descClones = document.querySelectorAll('.container-box-section .desc-clone');\r\n\t\tconst links = document.querySelectorAll('.container-box-section .link-fakta-unik');\r\n        const toggleButtons = document.querySelectorAll('.container-box-section .toggleButton');\r\n\t\t\r\n\t\t\/\/ maxLength for the character limit\r\n        const maxLength = 140;\r\n\t\t\r\n\t\tfor (let i = 0; i < descriptions.length; i++) {\r\n\t\t\tconst fullText = descriptions[i].textContent.trim();\r\n\t\t\tconst clonedText = fullText.slice(0, maxLength);\r\n\t\t\t\r\n\t\t\tconst textContent = descriptions[i].textContent.trim();\r\n\t\t\tconst characterCount = textContent.length;\r\n\t\t\tif (characterCount < maxLength) {\r\n\t\t\t\tdescriptions[i].style.display = 'block';\r\n\t\t\t\tlinks[i].style.display = \"block\";\r\n\t\t\t\tcontinue;\r\n\t\t\t}\r\n\r\n\t\t\t\/\/ Create a span element for the toggleButton\r\n\t\t\tconst spanToggleButton = document.createElement('span');\r\n\t\t\tspanToggleButton.classList.add('toggleButton');\r\n\t\t\tspanToggleButton.style.cursor = \"pointer\";\r\n\t\t\tspanToggleButton.innerHTML = '<strong> (Read More)<\/strong>';\r\n\r\n\t\t\t\/\/ Set the cloned text to the desc-clone paragraph\r\n\t\t\tdescClones[i].innerHTML = clonedText + '...';\r\n\t\t\tdescClones[i].appendChild(spanToggleButton); \/\/ Append the spanToggleButton after the triple dots\r\n\r\n\t\t\t\/\/ Toggle visibility of elements\r\n\t\t\tspanToggleButton.addEventListener('click', function() {\r\n\t\t\t\tdescClones[i].style.display = 'none'; \/\/ Hide desc-clone\r\n\t\t\t\tspanToggleButton.style.display = 'none'; \/\/ Hide toggleButton\r\n\t\t\t\tdescriptions[i].style.display = 'block'; \/\/ Show original text\r\n\t\t\t\tlinks[i].style.display = \"block\"; \/\/Show links\r\n\t\t\t});\r\n\t\t}\r\n\t});\r\n<\/script>\n<h2><b>Tips for Reducing Aging Inventory<\/b><\/h2>\n<p>Reducing aging inventory is crucial for maintaining my operational efficiency and profitability. By applying the right strategies, I can minimize the financial impact of unsold stock. Here are some practical tips I use to manage and reduce aging inventory:<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Generate accurate demand forecasts:<\/b><span style=\"font-weight: 400;\"> Use historical sales data, market trends, and seasonal fluctuations to predict future product demand accurately. This helps maintain optimal stock levels and reduce excess inventory.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Master strategic inventory planning:<\/b><span style=\"font-weight: 400;\"> Develop a robust inventory plan that aligns with your sales goals and market demand. This involves scheduling purchases wisely and considering lead times to prevent overstocking.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Optimize retail prices:<\/b><span style=\"font-weight: 400;\"> Regularly review and adjust your pricing strategy based on inventory age and market demand. Promotional pricing or discounts can help move older stock faster and free up warehouse space.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Optimize warehouse management:<\/b><span style=\"font-weight: 400;\"> Enhance your warehouse layout and organization to facilitate easy access and movement of older stock. This includes better shelf labeling, improved inventory grouping, and regular audits to identify slow-moving items.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Invest in inventory information tools:<\/b><span style=\"font-weight: 400;\"> Implement an advanced <a href=\"https:\/\/www.hashmicro.com\/blog\/cloud-based-inventory\/\">cloud based inventory<\/a> management system to gain real-time insights into your inventory levels. This technology helps in making informed decisions and improves overall inventory turnover. Download the price scheme of the<\/span><a href=\"https:\/\/www.hashmicro.com\/blog\/inventory-management-software-singapore\/\"> <span style=\"font-weight: 400;\">best inventory software<\/span><\/a><span style=\"font-weight: 400;\"> in Singapore below.<\/span><\/li>\n<\/ul>\n<style>\r\n.cta-in-article-image .desktop-banner{\r\n    display: none;\r\n    text-align: center;\r\n}\r\n.cta-in-article-image .desktop-mobile{\r\n    display: block;\r\n    text-align: center;\r\n    width: 100%;\r\n}\r\n@media (min-width: 650px) {\r\n    .cta-in-article-image .desktop-banner {\r\n        display: block!important;\r\n    }\r\n}\r\n@media (min-width: 650px) {\r\n   .cta-in-article-image .desktop-mobile {\r\n        display: none!important;\r\n    }\r\n}\r\n<\/style>\r\n<div class=\"cta-in-article-image\">\r\n\t<a href=\"https:\/\/www.hashmicro.com\/grants?utm_source=blog&medium=banner-article\" target=\"_blank\" rel=\"noopener\">\r\n\t\t<div id=\"desktop-banner-container\">\r\n\t\t\t<div class=\"desktop-banner\">\r\n<!-- \tnew CTC Grants Banner\t\t -->\r\n\t\t\t\t<img decoding=\"async\" width='696' height='189' src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/07\/CTC-Grants-scaled.webp\" alt=\"download skema harga software erp\">\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t\t<div id=\"mobile-banner-container\">\r\n\t\t\t<div class=\"desktop-mobile\">\r\n\t\t\t\t<img decoding=\"async\" width='450' height='497' src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2023\/11\/EDG-Banner-Mobile.png.webp\" alt=\"download skema harga software erp\">\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/a>\r\n<\/div>\r\n\r\n\r\n\n<h2><b>Case Study: Tackling Inventory Aging in Singaporean Businesses<\/b><\/h2>\n<p>As a retail chain owner in Singapore specializing in consumer electronics, I faced challenges with inventory aging, which led to tied-up capital and increased storage costs. To overcome this, I adopted inventory aging reports as a strategic solution.<\/p>\n<p>By implementing advanced inventory software, they generated detailed reports that identified slow-moving items and potential dead stock. This allowed them to make smarter decisions on pricing, promotions, and procurement strategies.<\/p>\n<p>Within a year, the company reduced inventory holding costs by 30% and improved overall turnover. This case shows how Singaporean businesses can leverage inventory aging reports to enhance efficiency and minimize financial losses.<\/p>\n<h2><b>Simplify Inventory Aging Reports with HashMicro Inventory System<\/b><\/h2>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-58281 size-full\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory.webp\" alt=\"software inventory hashmicro\" width=\"1470\" height=\"900\" srcset=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory.webp 1470w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory-300x184.webp 300w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory-1024x627.webp 1024w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory-768x470.webp 768w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory-686x420.webp 686w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory-150x92.webp 150w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory-696x426.webp 696w, https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2024\/05\/Software-Inventory-1068x654.webp 1068w\" sizes=\"auto, (max-width: 1470px) 100vw, 1470px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">HashMicro is an ERP software company that has garnered the trust of over 1,750 clients across various industries. With a strong presence in Singapore, HashMicro is recognized for its robust software solutions that cater to the diverse needs of modern enterprises.<\/span><\/p>\n<p>I trust<b> HashMicro <\/b><a href=\"https:\/\/www.hashmicro.com\/inventory\"><b>Inventory Management Software<\/b><\/a><span style=\"font-weight: 400;\"> has multiple features and benefits designed to optimize aging inventory report management, including automatically generating inventory aging reports.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Those key features eliminate the need for manual interventions, reducing the likelihood of errors and improving accuracy in inventory management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With support from the <a href=\"https:\/\/www.hashmicro.com\/ctc-grants\">CTC Grant<\/a>, I can access up to 70% funding to implement HashMicro\u2019s ERP system. <\/span><span style=\"font-weight: 400;\">We encourage you to use a<\/span><a href=\"https:\/\/www.hashmicro.com\/free-product-tour\/\"> <b>free demo<\/b><\/a><span style=\"font-weight: 400;\"> to experience firsthand how HashMicro can transform your inventory processes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are several standout features of HashMicro Inventory Software:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Fast Moving Slow Moving Stocks Analysis<\/b><span style=\"font-weight: 400;\">: This feature differentiates between fast-moving and slow-moving items, allowing businesses to adjust their strategy accordingly.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Stock Forecasting<\/b><span style=\"font-weight: 400;\">: Enhance inventory planning with advanced forecasting tools that predict future demand based on historical data and market trends.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Stock Reservations &amp; Reporting<\/b><span style=\"font-weight: 400;\">: Reserve stock for essential clients or projects and generate detailed reports for better stock management and accountability.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Product Warranty &amp; Expiry Tracking<\/b><span style=\"font-weight: 400;\">: Monitor product warranties and expiration dates with automated reminders and detailed reports to prevent losses and ensure customer satisfaction.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Product Usage Tracking<\/b><span style=\"font-weight: 400;\">: Monitor how and where products are being used within your operations. This can help optimize product allocation and usage efficiency.<\/span><\/li>\n<\/ul>\n<p><em class=\"review-quote\">&#8220;An inventory aging report provides critical visibility into how efficiently a company manages its stock. By identifying slow-moving or obsolete items early, businesses can make smarter purchasing decisions, free up cash flow, and maintain a healthier inventory balance.&#8221;<\/em><\/p>\n<p>\u2014 <strong>Angela Tan<\/strong>, Regional Manager<\/p>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Implementing inventory aging reports is essential for businesses in Singapore. These reports help identify slow-moving or obsolete stock and play a key role in financial planning and decision-making by providing insights into product performance and inventory health.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I trust HashMicro <\/span><a href=\"https:\/\/www.hashmicro.com\/inventory\"><span style=\"font-weight: 400;\">Inventory Management Software<\/span><\/a><span style=\"font-weight: 400;\"> offers robust solutions that simplify the generation of inventory aging reports. This ensures that companies can focus on strategic decision-making rather than manual processes.<\/span><\/p>\n<p>With automated and optimized inventory aging features, I can easily prevent errors and save valuable time on stock assessments. Try the <a href=\"https:\/\/www.hashmicro.com\/free-product-tour\/\">free demo<\/a> today to see how HashMicro\u2019s inventory system can transform your operations!<\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.hashmicro.com\/inventory?medium=moneysite-banner\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" width=\"712\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2025\/06\/Inventory.webp\" alt=\"Inventory Management\"><\/a><\/span><\/p>\n<h2><strong>Questions about Inventory Aging Report<\/strong><\/h2>\n<ul class=\"bottom_faq\">\n<li>\n<details>\n<summary><strong>How do you track inventory aging?<\/strong><\/summary>\n<p>Inventory aging is tracked by categorizing inventory into specific time frames (e.g., 0-30 days, 31-60 days) to show how long items have been in stock, usually using inventory management software.<\/p>\n<\/details>\n<\/li>\n<li>\n<details>\n<summary><strong>What is KPI for aged inventory?<\/strong><\/summary>\n<p>Key performance indicators (KPIs) for aged inventory include inventory turnover ratio, percentage of inventory aging, carrying costs, and inventory carrying cost as a percentage of revenue.<\/p>\n<\/details>\n<\/li>\n<li>\n<details>\n<summary><strong>How to audit inventory aging?<\/strong><\/summary>\n<p>Auditing inventory aging involves regularly reviewing inventory records, comparing physical stock counts to recorded data, and analyzing the time products have been in inventory to identify slow-moving or obsolete items.<\/p>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [{\n    \"@type\": \"Question\",\n    \"name\": \"How do you track inventory aging?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Inventory aging is tracked by categorizing inventory into specific time frames (e.g., 0-30 days, 31-60 days) to show how long items have been in stock, usually using inventory management software.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"What is KPI for aged inventory?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Key performance indicators (KPIs) for aged inventory include inventory turnover ratio, percentage of inventory aging, carrying costs, and inventory carrying cost as a percentage of revenue.\"\n    }\n  },{\n    \"@type\": \"Question\",\n    \"name\": \"How to audit inventory aging?\",\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"Auditing inventory aging involves regularly reviewing inventory records, comparing physical stock counts to recorded data, and analyzing the time products have been in inventory to identify slow-moving or obsolete items.\"\n    }\n  }]\n}\n<\/script><\/p>\n<\/details>\n<\/li>\n<\/ul>\n<p><span data-sheets-root=\"1\"><script>  window._mfq = window._mfq || [];\r\n  (function() {\r\n    var mf = document.createElement(\"script\");\r\n    mf.type = \"text\/javascript\"; mf.defer = true;\r\n    mf.src = \"\/\/cdn.mouseflow.com\/projects\/5e05f34e-ba01-471c-b61c-6edd2d7e05ed.js\";\r\n    document.getElementsByTagName(\"head\")[0].appendChild(mf);\r\n  })();<\/script><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An inventory aging report helps me monitor how long items have been in stock, making it easier to identify slow-moving products before they turn into costly issues. By doing so, I can maintain a more efficient and balanced inventory system. Around 20% of inventory in various industries is considered aging, leading to higher holding costs [&hellip;]<\/p>\n","protected":false},"author":162,"featured_media":60088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[88],"tags":[],"class_list":{"0":"post-60087","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-inventory"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inventory Aging Report: What is it and How to Calculate It<\/title>\n<meta name=\"description\" content=\"An inventory aging report is a helpful solution that shows the age of your stock, helping companies manage their inventory better.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hashmicro.com\/blog\/inventory-aging-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inventory Aging Report: What is it and How to Calculate It\" \/>\n<meta property=\"og:description\" content=\"An inventory aging report is a helpful solution that shows the age of your stock, helping companies manage their inventory better.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hashmicro.com\/blog\/inventory-aging-report\/\" \/>\n<meta property=\"og:site_name\" content=\"BusinessTech\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/hashmicro\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-25T08:00:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-30T01:33:00+00:00\" \/>\n<meta property=\"og:image\" 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