diff --git a/erpnext/stock/report/stock_ageing/stock_ageing.py b/erpnext/stock/report/stock_ageing/stock_ageing.py
index 97a740e1844..7ca40033edb 100644
--- a/erpnext/stock/report/stock_ageing/stock_ageing.py
+++ b/erpnext/stock/report/stock_ageing/stock_ageing.py
@@ -12,7 +12,7 @@ from frappe.utils import cint, date_diff, flt
 from erpnext.stock.doctype.serial_no.serial_no import get_serial_nos
 
 Filters = frappe._dict
-precision = cint(frappe.db.get_single_value("System Settings", "float_precision"))
+
 
 def execute(filters: Filters = None) -> Tuple:
 	to_date = filters["to_date"]
@@ -30,6 +30,8 @@ def format_report_data(filters: Filters, item_details: Dict, to_date: str) -> Li
 	_func = itemgetter(1)
 	data = []
 
+	precision = cint(frappe.db.get_single_value("System Settings", "float_precision", cache=True))
+
 	for item, item_dict in item_details.items():
 		earliest_age, latest_age = 0, 0
 		details = item_dict["details"]
@@ -76,6 +78,9 @@ def get_average_age(fifo_queue: List, to_date: str) -> float:
 	return flt(age_qty / total_qty, 2) if total_qty else 0.0
 
 def get_range_age(filters: Filters, fifo_queue: List, to_date: str, item_dict: Dict) -> Tuple:
+
+	precision = cint(frappe.db.get_single_value("System Settings", "float_precision", cache=True))
+
 	range1 = range2 = range3 = above_range3 = 0.0
 
 	for item in fifo_queue: