PT Kirana Megatara Tbk (ISX:KMTR) Accounts Receivable : Rp906,894 Mil (As of Mar. 2024)

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What is PT Kirana Megatara Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Kirana Megatara Tbk's accounts receivables for the quarter that ended in Mar. 2024 was Rp906,894 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Kirana Megatara Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 30.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Kirana Megatara Tbk's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was Rp-223.33.

PT Kirana Megatara Tbk Accounts Receivable Historical Data

The historical data trend for PT Kirana Megatara Tbk's Accounts Receivable 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 Kirana Megatara Tbk Accounts Receivable Chart

PT Kirana Megatara Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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428,769.13

778,659.14

646,550.83

319,710.43

569,454.57

PT Kirana Megatara Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															539,726.70	743,498.23	402,997.83	569,454.57	906,894.14

PT Kirana Megatara Tbk Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

PT Kirana Megatara Tbk Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

PT Kirana Megatara Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	906894.141	/	2709387.374	*	91
=	30.54

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), PT Kirana Megatara Tbk's accounts receivable are only considered to be worth 75% of book value:

PT Kirana Megatara Tbk's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(240711.834	+	0.75 * 906894.141	+	0.5 * 1474734.473	-	3437497.337
-	0	-	55517.526)	/	8215.37
=	-223.33

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

PT Kirana Megatara Tbk Accounts Receivable Related Terms

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PT Kirana Megatara Tbk (ISX:KMTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Kirana Megatara Tbk (ISX:KMTR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Dr. Ide Anak Agung Gde Agung, (Lingkar Mega Kuningan) Kav E.3.2 No. 1, Menara The East 21st Floor, Jakarta, Selatan, IDN, 12950

Website

https://www.kiranamegatara.com

PT Kirana Megatara Tbk is a producer of crumb rubber in Indonesia. It is engaged in the production and sales of crumb rubber of the type SIR-10, SIR-20, and SIR-20VK, to fulfill the demand of international and domestic tire industries. The company exports its products to Apollo, Bridgestone, Continental, Cooper Tires, Fate, Good Year, Gajah Tunggal, Hankook, Kumho Tyres, Michelin, Nexen, Pirelli, Sumitomo, Toyo Tires, and Yokohama Rubber. The company has operating segments into two groups: crumb rubber factory and agro business.

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