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PT Adirana Armada Tbk (ISX:ASSA) Accounts Receivable : Rp426,153 Mil (As of Mar. 2024)


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What is PT Adirana Armada Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Adirana Armada Tbk's accounts receivables for the quarter that ended in Mar. 2024 was Rp426,153 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Adirana Armada Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 32.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Adirana Armada Tbk's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was Rp-1,190.85.


PT Adirana Armada Tbk Accounts Receivable Historical Data

The historical data trend for PT Adirana Armada Tbk's Accounts Receivable 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.

* Premium members only.

PT Adirana Armada Tbk Accounts Receivable Chart

PT Adirana Armada Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 286,266.31 338,124.61 330,636.96 305,195.20 310,714.42

PT Adirana Armada Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 363,529.88 382,102.20 358,558.72 310,714.42 426,153.20

PT Adirana Armada Tbk Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


PT Adirana Armada Tbk Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

PT Adirana Armada Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=426153.198/1181858.146*91
=32.90

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), PT Adirana Armada Tbk's accounts receivable are only considered to be worth 75% of book value:

PT Adirana Armada Tbk's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(968564.669+0.75 * 426153.198+0.5 * 101392.377-4979500.732
-0-754986.65)/3691.14
=-1,190.85

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


PT Adirana Armada Tbk Accounts Receivable Related Terms

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PT Adirana Armada Tbk (ISX:ASSA) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expedition, and warehouses, and provides long and short-term rental services. The company's segment includes Vehicle lease, Autopool and Driver; Sale of the used vehicles; Logistics; Express; Auction, and others.

PT Adirana Armada Tbk (ISX:ASSA) Headlines

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