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PT Indo Acidatama Tbk (ISX:SRSN) Accounts Receivable : Rp169,846 Mil (As of Mar. 2024)


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What is PT Indo Acidatama Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Indo Acidatama Tbk's accounts receivables for the quarter that ended in Mar. 2024 was Rp169,846 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Indo Acidatama Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 67.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Indo Acidatama Tbk's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was Rp8.12.


PT Indo Acidatama Tbk Accounts Receivable Historical Data

The historical data trend for PT Indo Acidatama 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.

* Premium members only.

PT Indo Acidatama Tbk Accounts Receivable Chart

PT Indo Acidatama Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 154,767.80 181,455.71 122,670.24 181,007.02 184,270.69

PT Indo Acidatama 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 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 152,634.06 219,799.95 207,788.24 184,270.69 169,845.88

PT Indo Acidatama Tbk Accounts Receivable Calculation

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


PT Indo Acidatama 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 Indo Acidatama 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
=169845.877/228194.939*91
=67.92

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

PT Indo Acidatama 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)
=(17013.814+0.75 * 169845.877+0.5 * 196999.317-194021.727
-0-0)/6020
=8.12

* 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 Indo Acidatama Tbk Accounts Receivable Related Terms

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PT Indo Acidatama Tbk (ISX:SRSN) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Raya Perjuangan 88, Graha Kencana, 9th Floor-Suite A, Jakarta Barat, Jakarta, IDN, 11530
PT Indo Acidatama Tbk is an Indonesian-based company engaged in manufacturing ethanol. The company produces acetic acid, ethyl acetate, bio-organic fertilizers, methylated spirit, and carbonic acid gas. It operates business activity in segments such as Ethanol, Acetic Acid, and Others. The fertilizers of the company are marketed under the brand names Pomi, Randex, Beka, and Alfinas. The company earns the majority of its revenue comes from the Ethanol segment.

PT Indo Acidatama Tbk (ISX:SRSN) Headlines

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