PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) Receivables Turnover : 1.89 (As of Mar. 2024)

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What is PT Pelayaran Nasional Ekalya Purnamasari 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 Pelayaran Nasional Ekalya Purnamasari Tbk's Revenue for the three months ended in Mar. 2024 was Rp300,629 Mil. PT Pelayaran Nasional Ekalya Purnamasari Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp158,927 Mil. Hence, PT Pelayaran Nasional Ekalya Purnamasari Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 1.89.

PT Pelayaran Nasional Ekalya Purnamasari Tbk Receivables Turnover Historical Data

The historical data trend for PT Pelayaran Nasional Ekalya Purnamasari 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 Pelayaran Nasional Ekalya Purnamasari Tbk Receivables Turnover Chart

PT Pelayaran Nasional Ekalya Purnamasari Tbk Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

7.56

11.48

12.14

7.68

9.94

PT Pelayaran Nasional Ekalya Purnamasari Tbk Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								1.77	1.56	2.03	1.57	1.89

Competitive Comparison of PT Pelayaran Nasional Ekalya Purnamasari Tbk's Receivables Turnover

For the Marine Shipping subindustry, PT Pelayaran Nasional Ekalya Purnamasari 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 Pelayaran Nasional Ekalya Purnamasari Tbk's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Pelayaran Nasional Ekalya Purnamasari Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Pelayaran Nasional Ekalya Purnamasari Tbk's Receivables Turnover falls into.

PT Pelayaran Nasional Ekalya Purnamasari Tbk Receivables Turnover Calculation

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

PT Pelayaran Nasional Ekalya Purnamasari 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 )
=	1078642	/ (	(105762	+	111320)	/	2 )
=	1078642	/	108541
=	9.94

PT Pelayaran Nasional Ekalya Purnamasari 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 )
=	300629	/ (	(111320	+	206533)	/	2 )
=	300629	/	158926.5
=	1.89

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) 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 Pelayaran Nasional Ekalya Purnamasari Tbk Receivables Turnover Related Terms

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PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. W.R. Supratman No.23, Graha KCT, Surabaya, Jawa Timur, IDN

Website

https://www.pnep.co.id

PT Pelayaran Nasional Ekalya Purnamasari Tbk is engaged in sea transportation and transportation support activities. The main business activities of the company include shipping and freight services, shipping agent of shipping company, oil and gas services, marine vessel rental and shipping equipment voyage, voyage representative, and sea shipping voyage business. The segments of the business are own vessel, chartered vessel, and other services, out of which the majority is from the own vessel.

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) Headlines

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