PT Campina Ice Cream Industry Tbk (ISX:CAMP) Receivables Turnover : 2.00 (As of Mar. 2024)

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What is PT Campina Ice Cream Industry 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 Campina Ice Cream Industry Tbk's Revenue for the three months ended in Mar. 2024 was Rp256,841 Mil. PT Campina Ice Cream Industry Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp128,551 Mil. Hence, PT Campina Ice Cream Industry Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 2.00.

PT Campina Ice Cream Industry Tbk Receivables Turnover Historical Data

The historical data trend for PT Campina Ice Cream Industry 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 Campina Ice Cream Industry Tbk Receivables Turnover Chart

PT Campina Ice Cream Industry Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.47

6.23

8.68

9.52

8.97

PT Campina Ice Cream Industry 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															2.13	2.36	2.15	2.07	2.00

Competitive Comparison of PT Campina Ice Cream Industry Tbk's Receivables Turnover

For the Packaged Foods subindustry, PT Campina Ice Cream Industry 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 Campina Ice Cream Industry Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Campina Ice Cream Industry Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Campina Ice Cream Industry Tbk's Receivables Turnover falls into.

PT Campina Ice Cream Industry Tbk Receivables Turnover Calculation

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

PT Campina Ice Cream Industry 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 )
=	1135790.49	/ (	(126820.875	+	126327.084)	/	2 )
=	1135790.49	/	126573.9795
=	8.97

PT Campina Ice Cream Industry 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 )
=	256840.768	/ (	(126327.084	+	130774.104)	/	2 )
=	256840.768	/	128550.594
=	2.00

PT Campina Ice Cream Industry Tbk (ISX:CAMP) 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 Campina Ice Cream Industry Tbk Receivables Turnover Related Terms

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PT Campina Ice Cream Industry Tbk (ISX:CAMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Campina Ice Cream Industry Tbk (ISX:CAMP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Rungkut Industri II/15-17, Kel. Tenggilis Mejoyo Kec. Tenggilis, Mejoyo, Surabaya, IDN, 60293

Website

https://www.campina.co.id

PT Campina Ice Cream Industry Tbk is an Indonesia-based company engaged in manufacturing ice cream. It offers the portfolio of various types of ice cream products in the form of cake, cone, cup, pack, Bulk, Es Potong and stick. It brands manufactured and marketed by the company consist of Tropicana, Chocolate Vanilla Choco Chunk, Concerto Olympia Cup, Hula Durian Cup and Concerto Bold Choco Brownie, and others.