GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PT Perusahaan Gas Negara Tbk (OTCPK:PPAAY) » Definitions » Accounts Receivable

PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Accounts Receivable : $448 Mil (As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is PT Perusahaan Gas Negara Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Perusahaan Gas Negara Tbk's accounts receivables for the quarter that ended in Dec. 2023 was $448 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Perusahaan Gas Negara Tbk's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Perusahaan Gas Negara Tbk's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.66.


PT Perusahaan Gas Negara Tbk Accounts Receivable Historical Data

The historical data trend for PT Perusahaan Gas Negara 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 Perusahaan Gas Negara Tbk Accounts Receivable Chart

PT Perusahaan Gas Negara 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 509.52 472.60 413.26 568.33 448.18

PT Perusahaan Gas Negara Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 568.33 554.24 584.73 629.64 448.18

PT Perusahaan Gas Negara Tbk Accounts Receivable Calculation

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


PT Perusahaan Gas Negara 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 Perusahaan Gas Negara Tbk's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=448.184/955.636*91
=42.80

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

PT Perusahaan Gas Negara Tbk's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(1267.91+0.75 * 448.184+0.5 * 70.981-3058.835
-0-841.549)/484.83
=-4.66

* 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 Perusahaan Gas Negara Tbk Accounts Receivable Related Terms

Thank you for viewing the detailed overview of PT Perusahaan Gas Negara Tbk's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Business Description

Traded in Other Exchanges
Address
Jalan KH. Zainul Arifin Number 20, Jakarta, IDN, 11140
PT Perusahaan Gas Negara Tbk, or PGN, is an Indonesian natural gas company of which the Republic of Indonesia holds a majority stake. PGN is primarily involved in the transmission and distribution of natural gas. The company's segments include Natural gas trading and transmission, Exploration and production of oil and gas, and Other operation.

PT Perusahaan Gas Negara Tbk (PT Perusahaan Gas Negara Tbk) Headlines

From GuruFocus

Matthews Pacific Tiger Fund Q1 2015 Commentary

By Vera Yuan Vera Yuan 04-29-2015