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PT Triputra Agro Persada Tbk (ISX:TAPG) Accounts Receivable : Rp65,369 Mil (As of Mar. 2024)


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What is PT Triputra Agro Persada Tbk Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PT Triputra Agro Persada Tbk's accounts receivables for the quarter that ended in Mar. 2024 was Rp65,369 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PT Triputra Agro Persada Tbk's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 3.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PT Triputra Agro Persada Tbk's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was Rp-43.65.


PT Triputra Agro Persada Tbk Accounts Receivable Historical Data

The historical data trend for PT Triputra Agro Persada 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 Triputra Agro Persada Tbk Accounts Receivable Chart

PT Triputra Agro Persada Tbk Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 117,044.00 120,009.00 59,756.00 121,265.00 85,020.00

PT Triputra Agro Persada Tbk Quarterly Data
Dec17 Dec18 Sep19 Dec19 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 59,955.00 56,901.00 50,023.00 85,020.00 65,369.00

PT Triputra Agro Persada Tbk Accounts Receivable Calculation

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


PT Triputra Agro Persada 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 Triputra Agro Persada 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
=65369/1912011*91
=3.12

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

PT Triputra Agro Persada 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)
=(1120749+0.75 * 65369+0.5 * 1179866-2167903
-0-458332)/19852.5
=-43.65

* 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 Triputra Agro Persada Tbk Accounts Receivable Related Terms

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PT Triputra Agro Persada Tbk (ISX:TAPG) Business Description

Traded in Other Exchanges
N/A
Address
Jalan DR. Ide Anak Agung Gde Agung, Kav. E.3-2, No. 1, The East Building, 23rd Floor, Kelurahan Kuningan Timur, Kecamatan Setiabudi, Jakarta Selatan, Jakarta, IDN, 12950
PT Triputra Agro Persada Tbk is a palm oil and rubber company located in Sumatera and Kalimantan. Together with its subsidiaries, it is committed towards producing high-quality crude palm oil and palm kernel products to meet domestic and foreign market needs. The company's operating segment includes Crude Palm oil and palm kernel and Rubber. It generates maximum revenue from the Crude Palm oil and palm kernel segment.

PT Triputra Agro Persada Tbk (ISX:TAPG) Headlines

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