PT Multi Spunindo Jaya Tbk (ISX:MSJA) Accounts Receivable : Rp144,505 Mil (As of Jun. 2023)

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What is PT Multi Spunindo Jaya Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Multi Spunindo Jaya Tbk's accounts receivables for the quarter that ended in Jun. 2023 was Rp144,505 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Multi Spunindo Jaya Tbk's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 48.15.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Multi Spunindo Jaya Tbk's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was Rp-35.94.

PT Multi Spunindo Jaya Tbk Accounts Receivable Historical Data

The historical data trend for PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk Accounts Receivable Chart

PT Multi Spunindo Jaya Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Receivable

118,961.65

153,734.20

133,084.36

PT Multi Spunindo Jaya Tbk Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Accounts Receivable	118,961.65	153,734.20	-	133,084.36	144,505.07

PT Multi Spunindo Jaya Tbk Accounts Receivable Calculation

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

PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	144505.066	/	547712.817	*	91
=	48.15

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

PT Multi Spunindo Jaya Tbk's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 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)
=	(75400.481	+	0.75 * 144505.066	+	0.5 * 116947.377	-	413831.135
-	0	-	39833.933)	/	5882.353
=	-35.94

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 Multi Spunindo Jaya Tbk Accounts Receivable Related Terms

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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Multi Spunindo Jaya Tbk (ISX:MSJA) » Definitions » Accounts Receivable

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Address

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PT MultiSpunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors.

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