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PT Adhi Karya (Persero) Tbk (ISX:ADHI) Receivables Turnover : 0.23 (As of Jun. 2024)


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What is PT Adhi Karya (Persero) Tbk Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. PT Adhi Karya (Persero) Tbk's Revenue for the three months ended in Jun. 2024 was Rp3,045,091 Mil. PT Adhi Karya (Persero) Tbk's average Accounts Receivable for the three months ended in Jun. 2024 was Rp13,026,356 Mil. Hence, PT Adhi Karya (Persero) Tbk's Receivables Turnover for the three months ended in Jun. 2024 was 0.23.

PT Adhi Karya (Persero) Tbk Receivables Turnover Historical Data

The historical data trend for PT Adhi Karya (Persero) Tbk's Receivables Turnover 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 Adhi Karya (Persero) Tbk Receivables Turnover Chart

PT Adhi Karya (Persero) Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.59 0.70 0.91 1.33

PT Adhi Karya (Persero) Tbk Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover 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 0.26 0.36 0.56 0.18 0.23

Competitive Comparison of PT Adhi Karya (Persero) Tbk's Receivables Turnover

For the Engineering & Construction subindustry, PT Adhi Karya (Persero) Tbk's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PT Adhi Karya (Persero) Tbk's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Adhi Karya (Persero) Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Adhi Karya (Persero) Tbk's Receivables Turnover falls into.


PT Adhi Karya (Persero) Tbk Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

PT Adhi Karya (Persero) Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=20072993.428 / ((13921181.714 + 16269939.477) / 2 )
=20072993.428 / 15095560.5955
=1.33

PT Adhi Karya (Persero) Tbk's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=3045091.264 / ((13533372.053 + 12519340.115) / 2 )
=3045091.264 / 13026356.084
=0.23

* 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 Adhi Karya (Persero) Tbk  (ISX:ADHI) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

PT Adhi Karya (Persero) Tbk Receivables Turnover Related Terms

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PT Adhi Karya (Persero) Tbk Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PT Adhi Karya (Persero) Tbk (ISX:ADHI) » Definitions » Receivables Turnover
Comparable Companies
ISX:WIKA ISX:PTPP ISX:BUKK ISX:BDKR ISX:ACST ISX:SSIA ISX:TOPS ISX:TOTL ISX:PBSA ISX:PPRE XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
N/A
Address
Jalan Raya Pasar Minggu Km. 18, South Jakarta, Jakata, IDN, 12510
Website
https://www.adhi.co.id
PT Adhi Karya (Persero) Tbk is an Indonesia-based company that provides construction services. The company operates through segments namely the Engineering and Infrastructure segment, Property and Hospitality, Manufacturing, Investments and Concessions.