PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Receivables Turnover : 17.28 (As of Dec. 2010)

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What is PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk's Revenue for the six months ended in Dec. 2010 was Rp928,527 Mil. PT Prasidha Aneka Niaga Tbk's average Accounts Receivable for the six months ended in Dec. 2010 was Rp53,724 Mil. Hence, PT Prasidha Aneka Niaga Tbk's Receivables Turnover for the six months ended in Dec. 2010 was 17.28.

PT Prasidha Aneka Niaga Tbk Receivables Turnover Historical Data

The historical data trend for PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk Receivables Turnover Chart

PT Prasidha Aneka Niaga Tbk Annual Data

Trend

Dec08

Dec09

Dec10

Receivables Turnover

39.64

21.79

17.28

PT Prasidha Aneka Niaga Tbk Semi-Annual Data
	Dec08	Dec09	Dec10
Receivables Turnover	39.64	21.79	17.28

Competitive Comparison of PT Prasidha Aneka Niaga Tbk's Receivables Turnover

For the Packaged Foods subindustry, PT Prasidha Aneka Niaga 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 Prasidha Aneka Niaga Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Prasidha Aneka Niaga Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Prasidha Aneka Niaga Tbk's Receivables Turnover falls into.

PT Prasidha Aneka Niaga Tbk Receivables Turnover Calculation

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

PT Prasidha Aneka Niaga Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2010 is calculated as

	Receivables Turnover (A: Dec. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2010 )	/ (	(Accounts Receivable (A: Dec. 2009 )	+	Accounts Receivable (A: Dec. 2010 ))	/	count )
=	928526.979	/ (	(36367.451	+	71081.263)	/	2 )
=	928526.979	/	53724.357
=	17.28

PT Prasidha Aneka Niaga Tbk's Receivables Turnover for the quarter that ended in Dec. 2010 is calculated as

	Receivables Turnover (Q: Dec. 2010 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2010 )	/ (	(Accounts Receivable (Q: Dec. 2009 )	+	Accounts Receivable (Q: Dec. 2010 ))	/	count )
=	928526.979	/ (	(36367.451	+	71081.263)	/	2 )
=	928526.979	/	53724.357
=	17.28

PT Prasidha Aneka Niaga Tbk (ISX:PSDN) 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 Prasidha Aneka Niaga Tbk Receivables Turnover Related Terms

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PT Prasidha Aneka Niaga Tbk (ISX:PSDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Prasidha Aneka Niaga Tbk (ISX:PSDN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jend. Sudirman No. 47, Plaza Sentral Building, 20th Floor, Jakarta, IDN, 12930

Website

https://www.prasidha.co.id

PT Prasidha Aneka Niaga Tbk is a company engaged in the agricultural products industry. Its primary business activities are processing and trading agricultural commodities like crumb rubber and coffee. The company's operating segment includes Agricultural products processing and trading; Roasted and instant coffee manufacturing and Plantations and processing of agricultural products. It generates maximum revenue from the Roasted and instant coffee manufacturing segment. The company has operations in Indonesia and foreign countries.