PT Xl Axiata Tbk (PT Xl Axiata Tbk) Receivables Turnover : 5.52 (As of Mar. 2024)

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What is PT Xl Axiata 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 Xl Axiata Tbk's Revenue for the three months ended in Mar. 2024 was $547 Mil. PT Xl Axiata Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was $99 Mil. Hence, PT Xl Axiata Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 5.52.

PT Xl Axiata Tbk Receivables Turnover Historical Data

The historical data trend for PT Xl Axiata 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 Xl Axiata Tbk Receivables Turnover Chart

PT Xl Axiata Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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41.56

46.32

54.59

44.28

30.65

PT Xl Axiata 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															8.46	7.56	7.07	6.67	5.52

Competitive Comparison of PT Xl Axiata Tbk's Receivables Turnover

For the Telecom Services subindustry, PT Xl Axiata 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 Xl Axiata Tbk's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Xl Axiata Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Xl Axiata Tbk's Receivables Turnover falls into.

PT Xl Axiata Tbk Receivables Turnover Calculation

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

PT Xl Axiata 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 )
=	2096.695	/ (	(46.924	+	89.893)	/	2 )
=	2096.695	/	68.4085
=	30.65

PT Xl Axiata 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 )
=	547.372	/ (	(89.893	+	108.562)	/	2 )
=	547.372	/	99.2275
=	5.52

PT Xl Axiata Tbk (OTCPK:PTXKY) 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 Xl Axiata Tbk Receivables Turnover Related Terms

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PT Xl Axiata Tbk (PT Xl Axiata Tbk) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Xl Axiata Tbk (OTCPK:PTXKY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EXCL:Indonesia E5F:Germany

Address

Jalan HR Rasuna Said X5, Kavling 11-12, XL Axiata Tower, Kuningan Timur, Setiabudi, Jakarta Selatan, Jakarta, IDN, 12950

Website

https://www.xl.co.id

PT XL Axiata TBK is a telecommunications company. The company generates revenue from the provision of mobile services. Within mobile services, the products offered are SMS, data, and voice, with data and voice comprising the bulk of overall company revenue. The majority of PT XL Axiata's subscriber base is on the 2G spectrum. Additionally, it is an owner of the telecommunications infrastructure, specifically mobile base stations and fiber networks. It also derives revenue from renting out the telecommunication towers. The company generates the vast majority of its revenue in Indonesia.

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