PT Adirana Armada Tbk (ISX:ASSA) Receivables Turnover : 3.21 (As of Mar. 2024)

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What is PT Adirana Armada 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 Adirana Armada Tbk's Revenue for the three months ended in Mar. 2024 was Rp1,181,858 Mil. PT Adirana Armada Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp368,434 Mil. Hence, PT Adirana Armada Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 3.21.

PT Adirana Armada Tbk Receivables Turnover Historical Data

The historical data trend for PT Adirana Armada 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 Adirana Armada Tbk Receivables Turnover Chart

PT Adirana Armada Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.29

9.73

15.22

18.46

14.41

PT Adirana Armada 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															3.43	3.33	2.89	2.92	3.21

Competitive Comparison of PT Adirana Armada Tbk's Receivables Turnover

For the Rental & Leasing Services subindustry, PT Adirana Armada 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 Adirana Armada Tbk's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Adirana Armada Tbk's Receivables Turnover falls into.

PT Adirana Armada Tbk Receivables Turnover Calculation

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

PT Adirana Armada 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 )
=	4438522.306	/ (	(305195.2	+	310714.419)	/	2 )
=	4438522.306	/	307954.8095
=	14.41

PT Adirana Armada 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 )
=	1181858.146	/ (	(310714.419	+	426153.198)	/	2 )
=	1181858.146	/	368433.8085
=	3.21

PT Adirana Armada Tbk (ISX:ASSA) 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 Adirana Armada Tbk Receivables Turnover Related Terms

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PT Adirana Armada Tbk (ISX:ASSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PT Adi Sarana Armada Tbk (ISX:ASSA) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350

Website

https://www.assarent.co.id

PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expedition, and warehouses, and provides long and short-term rental services. The company's segment includes Vehicle lease, Autopool and Driver; Sale of the used vehicles; Logistics; Express; Auction, and others.

PT Adirana Armada Tbk (ISX:ASSA) Headlines

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