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PT ICTSI Jasa Prima Tbk (ISX:KARW) Accounts Receivable : Rp15,031 Mil (As of Mar. 2024)


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What is PT ICTSI Jasa Prima Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT ICTSI Jasa Prima Tbk's accounts receivables for the quarter that ended in Mar. 2024 was Rp15,031 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT ICTSI Jasa Prima Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 77.03.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT ICTSI Jasa Prima Tbk's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was Rp-1,129.78.


PT ICTSI Jasa Prima Tbk Accounts Receivable Historical Data

The historical data trend for PT ICTSI Jasa Prima 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 ICTSI Jasa Prima Tbk Accounts Receivable Chart

PT ICTSI Jasa Prima 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 12,010.48 23,456.63 14,968.18 28,142.78 20,965.75

PT ICTSI Jasa Prima 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 21,749.54 30,097.08 19,019.35 20,965.75 15,030.59

PT ICTSI Jasa Prima Tbk Accounts Receivable Calculation

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


PT ICTSI Jasa Prima 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 ICTSI Jasa Prima 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
=15030.593/17805.472*91
=77.03

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

PT ICTSI Jasa Prima 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)
=(10991.603+0.75 * 15030.593+0.5 * 4331.894-687738.273
-0-46.248)/587.153
=-1,129.78

* 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 ICTSI Jasa Prima Tbk Accounts Receivable Related Terms

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PT ICTSI Jasa Prima Tbk (ISX:KARW) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Yos Sudarso Number 88, Suite 701, 7th Floor, Graha Kirana Building, Jakarta Utara, Jakarta, IDN, 14350
PT ICTSI Jasa Prima Tbk is engaged in an operating container terminal. The services provided by the company include maintenance, upkeep, operation and utilization of maritime facilities. It also offers infrastructure facilities such as concession of berth and terminal, container yard. The company is also involved in the operation of machinery and technical, mechanical, electronic equipment, special scales, computer software and hardware related to facilities and infrastructure of maritime logistics and stevedoring services. The other business activities of the company include facilities and infrastructures development for maritime logistics, trading of various goods related to maritime logistics facilities and infrastructure, freight forwarding and warehousing.

PT ICTSI Jasa Prima Tbk (ISX:KARW) Headlines

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