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PT Bakrie & Brothers Tbk (FRA:LFU2) Receivables Turnover : 1.31 (As of Mar. 2024)


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What is PT Bakrie & Brothers Tbk Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. PT Bakrie & Brothers Tbk's Revenue for the three months ended in Mar. 2024 was €50.8 Mil. PT Bakrie & Brothers Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was €38.7 Mil. Hence, PT Bakrie & Brothers Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.

PT Bakrie & Brothers Tbk Receivables Turnover Historical Data

The historical data trend for PT Bakrie & Brothers Tbk's Receivables Turnover 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 Bakrie & Brothers Tbk Receivables Turnover Chart

PT Bakrie & Brothers Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.73 2.51 2.56 4.09 5.32

PT Bakrie & Brothers Tbk Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover 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 0.88 0.96 1.06 0.84 1.31

Competitive Comparison of PT Bakrie & Brothers Tbk's Receivables Turnover

For the Conglomerates subindustry, PT Bakrie & Brothers Tbk's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PT Bakrie & Brothers Tbk's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, PT Bakrie & Brothers Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Bakrie & Brothers Tbk's Receivables Turnover falls into.


PT Bakrie & Brothers Tbk Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

PT Bakrie & Brothers Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=223.628 / ((44.206 + 39.821) / 2 )
=223.628 / 42.0135
=5.32

PT Bakrie & Brothers Tbk's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=50.819 / ((39.821 + 37.647) / 2 )
=50.819 / 38.734
=1.31

* 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.

PT Bakrie & Brothers Tbk  (FRA:LFU2) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

PT Bakrie & Brothers Tbk Receivables Turnover Related Terms

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PT Bakrie & Brothers Tbk (FRA:LFU2) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » PT Bakrie & Brothers Tbk (FRA:LFU2) » Definitions » Receivables Turnover
Comparable Companies
ISX:WMPP ISX:JKON ISX:BMSR ISX:KINO ISX:IMJS ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002 TSE:8053 TSE:4901 HKSE:00001 TSE:8015 TSE:6971
Traded in Other Exchanges
BNBR:Indonesia
Address
Jalan HR Rasuna Said, Bakrie Tower, 35th, 36th, 37th Floor, Rasuna Epicentrum Complex, Jakarta, IDN, 12940
Website
https://www.bakrie-brothers.com
PT Bakrie & Brothers Tbk is an investment holding company. Its activities comprise general trading, construction, agriculture, mining, steel pipe manufacturing, building materials and other construction products, telecommunication systems, electronic and electrical goods, and investment including equity investment in other companies. The company's operating segment includes Infrastructure and Manufacturing, Fabrication and Construction services, Services, Trading, and Investment. It generates maximum revenue from the Infrastructure and Manufacturing segment.

PT Bakrie & Brothers Tbk (FRA:LFU2) Headlines

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