PT Bumi Resources Minerals Tbk (ISX:BRMS) Receivables Turnover : 147.29 (As of Mar. 2024)

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What is PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk's Revenue for the three months ended in Mar. 2024 was Rp313,345 Mil. PT Bumi Resources Minerals Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp2,127 Mil. Hence, PT Bumi Resources Minerals Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 147.29.

PT Bumi Resources Minerals Tbk Receivables Turnover Historical Data

The historical data trend for PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk Receivables Turnover Chart

PT Bumi Resources Minerals Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.17

19.46

370.14

PT Bumi Resources Minerals 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															-	-	9.17	14.02	147.29

Competitive Comparison of PT Bumi Resources Minerals Tbk's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, PT Bumi Resources Minerals 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 Bumi Resources Minerals Tbk's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Bumi Resources Minerals Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Bumi Resources Minerals Tbk's Receivables Turnover falls into.

PT Bumi Resources Minerals Tbk Receivables Turnover Calculation

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

PT Bumi Resources Minerals 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 )
=	718971.075	/ (	(0	+	1942.415)	/	1 )
=	718971.075	/	1942.415
=	370.14

PT Bumi Resources Minerals 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 )
=	313345.471	/ (	(1942.415	+	2312.399)	/	2 )
=	313345.471	/	2127.407
=	147.29

PT Bumi Resources Minerals Tbk (ISX:BRMS) 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 Bumi Resources Minerals Tbk Receivables Turnover Related Terms

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PT Bumi Resources Minerals Tbk (ISX:BRMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PT Bumi Resources Minerals Tbk (ISX:BRMS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BUR:Germany

Address

Jalan H.R. Rasuna Said Kuningan, Bakrie Tower, 6th and 10th Floors, Complex Rasuna Epicentrum, Kuningan, Jakarta, IDN, 12940

Website

https://www.bumiresourcesminerals.com

PT Bumi Resources Minerals Tbk is an Indonesia-based company primarily engaged in mining. The company's assets include copper, gold, zinc, lead, and other valuable metals. The group classifies its mining business into three core business segments which include Mining and services, investments, and holding companies. The investments segment consists of investment in shares of stock, funding, and financing. The holding company's activities include the setup of joint capital for the development of mines. Its mining and services segment of metal minerals is under exploration and development stages.

PT Bumi Resources Minerals Tbk (ISX:BRMS) Headlines

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