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PT Sinergi Megah Internusa Tbk (ISX:NUSA) Accounts Receivable : Rp17 Mil (As of Sep. 2019)


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What is PT Sinergi Megah Internusa Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Sinergi Megah Internusa Tbk's accounts receivables for the quarter that ended in Sep. 2019 was Rp17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Sinergi Megah Internusa Tbk's Days Sales Outstanding for the quarter that ended in Sep. 2019 was 0.44.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Sinergi Megah Internusa Tbk's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was Rp-8.05.


PT Sinergi Megah Internusa Tbk Accounts Receivable Historical Data

The historical data trend for PT Sinergi Megah Internusa 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.

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PT Sinergi Megah Internusa Tbk Accounts Receivable Chart

PT Sinergi Megah Internusa Tbk Annual Data
Trend Dec17 Dec18
Accounts Receivable
955.40 340.55

PT Sinergi Megah Internusa Tbk Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Accounts Receivable Get a 7-Day Free Trial Premium Member Only 635.97 340.55 190.27 272.57 16.95

PT Sinergi Megah Internusa Tbk Accounts Receivable Calculation

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


PT Sinergi Megah Internusa 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 Sinergi Megah Internusa Tbk's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=16.951/3510.394*91
=0.44

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

PT Sinergi Megah Internusa Tbk's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 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)
=(3544.003+0.75 * 16.951+0.5 * 472.908-64765.34
-0-1038.652)/7700
=-8.05

* 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 Sinergi Megah Internusa Tbk Accounts Receivable Related Terms

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PT Sinergi Megah Internusa Tbk (ISX:NUSA) Business Description

Traded in Other Exchanges
N/A
Address
Ring Road Utara, Jalan.Padjajaran No.409, Yogyakarta, IDN, 55281
PT Sinergi Megah Internusa Tbk operates in the hotel industry. It services include restaurant, a business center, a fitness center and spa, Swimming pool, and a sky lounge. It operates through two segments: hotels and real estate. The firm generates majority revenue the Hotel segment.

PT Sinergi Megah Internusa Tbk (ISX:NUSA) Headlines