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PT Golden Energy Mines Tbk (ISX:GEMS) Receivables Turnover : 3.26 (As of Dec. 2023)


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What is PT Golden Energy Mines 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 Golden Energy Mines Tbk's Revenue for the three months ended in Dec. 2023 was Rp13,055,203 Mil. PT Golden Energy Mines Tbk's average Accounts Receivable for the three months ended in Dec. 2023 was Rp4,004,262 Mil. Hence, PT Golden Energy Mines Tbk's Receivables Turnover for the three months ended in Dec. 2023 was 3.26.

PT Golden Energy Mines Tbk Receivables Turnover Historical Data

The historical data trend for PT Golden Energy Mines 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.

* Premium members only.

PT Golden Energy Mines Tbk Receivables Turnover Chart

PT Golden Energy Mines Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.73 9.70 13.13 18.20 11.86

PT Golden Energy Mines Tbk Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.36 3.49 2.29 2.62 3.26

Competitive Comparison of PT Golden Energy Mines Tbk's Receivables Turnover

For the Thermal Coal subindustry, PT Golden Energy Mines 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 Golden Energy Mines Tbk's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Golden Energy Mines Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Golden Energy Mines Tbk's Receivables Turnover falls into.


PT Golden Energy Mines Tbk Receivables Turnover Calculation

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

PT Golden Energy Mines 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 )
=44734683.055 / ((3042755.318 + 4500036.228) / 2 )
=44734683.055 / 3771395.773
=11.86

PT Golden Energy Mines Tbk's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=13055203.129 / ((3508487.287 + 4500036.228) / 2 )
=13055203.129 / 4004261.7575
=3.26

* 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.

PT Golden Energy Mines Tbk  (ISX:GEMS) 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 Golden Energy Mines Tbk Receivables Turnover Related Terms

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PT Golden Energy Mines Tbk (ISX:GEMS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Golden Energy Mines Tbk (ISX:GEMS) » Definitions » Receivables Turnover
Comparable Companies
ISX:DSSA ISX:PTBA ISX:ITMG ISX:BUMI ISX:ADMR ISX:HRUM ISX:MCOL ISX:ABMM ISX:BSSR ISX:INDY SHSE:601088 ISX:BYAN BOM:512599 SHSE:601225 NSE:COALINDIA SHSE:600188 SHSE:601898 SHSE:601699 SZSE:000983 SHSE:600925
Traded in Other Exchanges
N/A
Address
Jalan MH Thamrin No. 51, Sinar Mas Land Plaza, Tower II, 6th Floor, Jakarta Pusat, Jakarta, IDN, 10350
Website
https://www.goldenenergymines.com
PT Golden Energy Mines Tbk is engaged in the mining and coal trading business. The company is structured in two segments namely, Coal Mining Segment and Coal Trading Segment. Its principal activities include the exploration, mining, processing, and marketing of thermal coal. The company operates in three concession areas: South Kalimantan, Jambi and Central Kalimantan. Most of its revenue is derived from Indonesia.

PT Golden Energy Mines Tbk (ISX:GEMS) Headlines

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