PT Pertamina Geothermal Energy Tbk (FRA:NJ9) Receivables Turnover : 0.74 (As of Jun. 2023)

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What is PT Pertamina Geothermal Energy 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 Pertamina Geothermal Energy Tbk's Revenue for the three months ended in Jun. 2023 was €96.1 Mil. PT Pertamina Geothermal Energy Tbk's average Accounts Receivable for the three months ended in Jun. 2023 was €129.7 Mil. Hence, PT Pertamina Geothermal Energy Tbk's Receivables Turnover for the three months ended in Jun. 2023 was 0.74.

PT Pertamina Geothermal Energy Tbk Receivables Turnover Historical Data

The historical data trend for PT Pertamina Geothermal Energy 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 Pertamina Geothermal Energy Tbk Receivables Turnover Chart

PT Pertamina Geothermal Energy Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.61

2.64

2.91

3.22

3.09

PT Pertamina Geothermal Energy Tbk Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							0.74	0.74	0.79	0.74	-

Competitive Comparison of PT Pertamina Geothermal Energy Tbk's Receivables Turnover

For the Utilities - Renewable subindustry, PT Pertamina Geothermal Energy 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 Pertamina Geothermal Energy Tbk's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PT Pertamina Geothermal Energy Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Pertamina Geothermal Energy Tbk's Receivables Turnover falls into.

PT Pertamina Geothermal Energy Tbk Receivables Turnover Calculation

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

PT Pertamina Geothermal Energy 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 )
=	372.566	/ (	(116.323	+	124.979)	/	2 )
=	372.566	/	120.651
=	3.09

PT Pertamina Geothermal Energy Tbk's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	96.099	/ (	(127.707	+	131.696)	/	2 )
=	96.099	/	129.7015
=	0.74

PT Pertamina Geothermal Energy Tbk (FRA:NJ9) 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 Pertamina Geothermal Energy Tbk Receivables Turnover Related Terms

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PT Pertamina Geothermal Energy Tbk (FRA:NJ9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PT Pertamina Geothermal Energy Tbk (FRA:NJ9) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PGEO:Indonesia

Address

Jalan Medan Merdeka Timur No. 11-13, Grha Pertamina – Tower Pertamax, 7th Floor, Gambir, Jakarta Pusat, Jakarta, IDN, 10110

Website

https://www.pge.pertamina.com

PT Pertamina Geothermal Energy Tbk is engaged in geothermal activities, including in the upstream and or downstream sectors, in Indonesia and abroad, and other related or supporting business activities in the field of geothermal energy.

PT Pertamina Geothermal Energy Tbk (FRA:NJ9) Headlines

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