PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Receivables Turnover : 3.13 (As of Dec. 2023)

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What is PT Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk's Revenue for the three months ended in Dec. 2023 was $548 Mil. PT Indo Tambangraya Megah Tbk's average Accounts Receivable for the three months ended in Dec. 2023 was $175 Mil. Hence, PT Indo Tambangraya Megah Tbk's Receivables Turnover for the three months ended in Dec. 2023 was 3.13.

PT Indo Tambangraya Megah Tbk Receivables Turnover Historical Data

The historical data trend for PT Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk Receivables Turnover Chart

PT Indo Tambangraya Megah Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.77

11.38

15.89

15.56

9.94

PT Indo Tambangraya Megah 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															3.16	2.79	2.99	3.01	3.13

Competitive Comparison of PT Indo Tambangraya Megah Tbk's Receivables Turnover

For the Thermal Coal subindustry, PT Indo Tambangraya Megah 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 Indo Tambangraya Megah Tbk's Receivables Turnover Distribution in the Other Energy Sources Industry

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

* The bar in red indicates where PT Indo Tambangraya Megah Tbk's Receivables Turnover falls into.

PT Indo Tambangraya Megah Tbk Receivables Turnover Calculation

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

PT Indo Tambangraya Megah 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 )
=	2374.315	/ (	(280.482	+	197.449)	/	2 )
=	2374.315	/	238.9655
=	9.94

PT Indo Tambangraya Megah 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 )
=	547.653	/ (	(151.947	+	197.449)	/	2 )
=	547.653	/	174.698
=	3.13

PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) 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 Indo Tambangraya Megah Tbk Receivables Turnover Related Terms

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PT Indo Tambangraya Megah Tbk (PT Indo Tambangraya Megah Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Indo Tambangraya Megah Tbk (OTCPK:ITAYY) » Definitions » Receivables Turnover

Traded in Other Exchanges

PTIZF:USA ITMG:Indonesia 3IB:Germany

Address

Jalan Sultan Iskandar Muda, Pondok Indah Office Tower III, 3rd Floor, Kav V-TA, Jakarta, IDN, 12310

Website

https://www.itmg.co.id

PT Indo Tambangraya Megah Tbk is an Indonesia-based coal mining company. It operates in three segments: Upstream business, which includes coal mining, blending, and sales; Energy supply chain management segment includes fuel distribution, sales, and logistics, as well as empowerment of internal mining contractors; and Downstream segment includes the development of power plants and renewable energy ventures. The company's geographical segments include Taiwan, China, Hong Kong, and Korea; Domestic; South East Asia (excluding Indonesia), India, and Pakistan; Japan; Europe; and Australia & Oceania.

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