PT Buana Lintas Lautan Tbk (ISX:BULL) Receivables Turnover : 1.13 (As of Mar. 2024)

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What is PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk's Revenue for the three months ended in Mar. 2024 was Rp612,169 Mil. PT Buana Lintas Lautan Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp539,899 Mil. Hence, PT Buana Lintas Lautan Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 1.13.

PT Buana Lintas Lautan Tbk Receivables Turnover Historical Data

The historical data trend for PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk Receivables Turnover Chart

PT Buana Lintas Lautan Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.12

7.53

6.04

4.36

4.34

PT Buana Lintas Lautan 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															1.18	1.35	1.53	1.21	1.13

Competitive Comparison of PT Buana Lintas Lautan Tbk's Receivables Turnover

For the Marine Shipping subindustry, PT Buana Lintas Lautan 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 Buana Lintas Lautan Tbk's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Buana Lintas Lautan Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Buana Lintas Lautan Tbk's Receivables Turnover falls into.

PT Buana Lintas Lautan Tbk Receivables Turnover Calculation

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

PT Buana Lintas Lautan 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 )
=	2284865.966	/ (	(422314.756	+	630807.012)	/	2 )
=	2284865.966	/	526560.884
=	4.34

PT Buana Lintas Lautan 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 )
=	612169.076	/ (	(630807.012	+	448990.792)	/	2 )
=	612169.076	/	539898.902
=	1.13

PT Buana Lintas Lautan Tbk (ISX:BULL) 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 Buana Lintas Lautan Tbk Receivables Turnover Related Terms

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PT Buana Lintas Lautan Tbk (ISX:BULL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Buana Lintas Lautan Tbk (ISX:BULL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Mega Kuningan Timur, Block C-6 Kav. 12A, South Jakarta, Mega Kuningan, Jakarta, IDN, 12950

Website

https://www.bull.co.id

PT Buana Lintas Lautan Tbk is a shipping company. The company is engaged in providing services such as Chartering and vessel operations, Shipping agency services, Ship management services, and Crew management services. The group's reportable segments are engaged based on the type of vessels chartered in Gas, Oil, FPSO and FSO, Chemical, and Others. Key revenue is generated from the Gas and Oil, FPSO, and FSO segment. The gas tankers segment of the company provides maritime transportation of liquified gas, which includes LPG, propylene, propane, and LNG. Oil and FPSO tankers provide maritime transportation of lubricating oil, crude oil, and petroleum products, floating tanker facility for production, storage, and off-loading of oil.

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