PT Polaris Investama Tbk (ISX:PLAS) Accounts Receivable: Rp0 Mil (As of Jun. 2020)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:PLAS PT Polaris Investama Tbk ISX:PLAS
4 GF Score
Price Rp50.00
View Full Analysis

What is PT Polaris Investama Tbk Accounts Receivable?

PT Polaris Investama Tbk ISX:PLAS 4 Accounts Receivable is Rp0 Mil as of Jun. 2020. GuruFocus rates ISX:PLAS with a GF Score™ of 4/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Polaris Investama Tbk's accounts receivables for the quarter that ended in Jun. 2020 was Rp0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Polaris Investama Tbk's Days Sales Outstanding for the quarter that ended in Jun. 2020 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Polaris Investama Tbk's Net-Net Working Capital per share for the quarter that ended in Jun. 2020 was Rp-15.03.

PT Polaris Investama 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 Polaris Investama Tbk's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/575.555*91
=0.00

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

PT Polaris Investama Tbk's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2020 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)
=(1408.919+0.75 * 0+0.5 * 5457.881-31266.315
-0--9335.495)/1184.200
=-15.03

* 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.

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 Polaris Investama Tbk Accounts Receivable Related Terms

PT Polaris Investama Tbk Accounts Receivable Historical Data

* Premium members only.

The historical data trend for PT Polaris Investama 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.

PT Polaris Investama Tbk Accounts Receivable Chart

PT Polaris Investama Tbk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Accounts Receivable
Get a 7-Day Free Trial 60,409.73 65,679.05 85,128.84 0.00 0.00

PT Polaris Investama Tbk Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
ISX:PLAS
4GF Score
PT Polaris Investama Tbk ISX:PLAS
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Polaris Investama Tbk Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of Rp0 Mil mean?
PT Polaris Investama Tbk (ISX:PLAS) has a Accounts Receivable of Rp0 Mil as of Jun. 2020. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on PT Polaris Investama Tbk and its competitors.
Is PT Polaris Investama Tbk's Accounts Receivable too high?
PT Polaris Investama Tbk's current Accounts Receivable is Rp0 Mil. Overall, PT Polaris Investama Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Polaris Investama Tbk's Accounts Receivable compare to competitors?
PT Polaris Investama Tbk's Accounts Receivable of Rp0 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Capital Markets company?
A good Accounts Receivable depends on the Capital Markets industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on PT Polaris Investama Tbk and its competitors. PT Polaris Investama Tbk's current Accounts Receivable is Rp0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Polaris Investama Tbk stock overvalued right now?
PT Polaris Investama Tbk (ISX:PLAS) has a current Accounts Receivable of Rp0 Mil. The current Accounts Receivable is Rp0 Mil. PT Polaris Investama Tbk's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For PT Polaris Investama Tbk (ISX:PLAS), the current Accounts Receivable is Rp0 Mil as of Jun. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Polaris Investama Tbk Business Description

Address Mayapada Tower Lt. 11, Jl. Jend. Sudirman Kav. 28, Jakarta, IDN, 12920
PT Polaris Investama Tbk operates in capital markets industry in Indonesia. The company is an investment company operates as a dealer broker and underwriter.
4GF Score

Get the complete analysis for ISX:PLAS

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp50.00
Price