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PT Menteng Heritage Realty Tbk (ISX:HRME) Receivables Turnover : 3.66 (As of Mar. 2024)


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What is PT Menteng Heritage Realty 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 Menteng Heritage Realty Tbk's Revenue for the three months ended in Mar. 2024 was Rp26,225 Mil. PT Menteng Heritage Realty Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp7,169 Mil. Hence, PT Menteng Heritage Realty Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 3.66.


PT Menteng Heritage Realty Tbk Receivables Turnover Historical Data

The historical data trend for PT Menteng Heritage Realty 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 Menteng Heritage Realty Tbk Receivables Turnover Chart

PT Menteng Heritage Realty 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 25.52 9.73 13.09 10.54 11.75

PT Menteng Heritage Realty 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 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 2.30 2.24 2.51 3.34 3.66

Competitive Comparison of PT Menteng Heritage Realty Tbk's Receivables Turnover

For the Lodging subindustry, PT Menteng Heritage Realty 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 Menteng Heritage Realty Tbk's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Menteng Heritage Realty Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Menteng Heritage Realty Tbk's Receivables Turnover falls into.



PT Menteng Heritage Realty Tbk Receivables Turnover Calculation

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

PT Menteng Heritage Realty 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 )
=109799.074 / ((10822.872 + 7858.63) / 2 )
=109799.074 / 9340.751
=11.75

PT Menteng Heritage Realty 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 )
=26225.115 / ((7858.63 + 6478.843) / 2 )
=26225.115 / 7168.7365
=3.66

* 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 Menteng Heritage Realty Tbk  (ISX:HRME) 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 Menteng Heritage Realty Tbk Receivables Turnover Related Terms

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PT Menteng Heritage Realty Tbk (ISX:HRME) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Cilacap No. 1, Menteng, Jakarta Pusat, Jakarta, IDN, 10310
PT Menteng Heritage Realty Tbk is an Indonesia based engaged in the hotel business. The company's operating segment includes Hotel; Investment and Ship Service. It generates maximum revenue from the Hotel segment. It primarily offers Deluxe Room, Executive Room, Studio Suite, President Suite, and various other room facilities.

PT Menteng Heritage Realty Tbk (ISX:HRME) Headlines

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