PT Arkora Hydro Tbk (ISX:ARKO) Receivables Turnover : 3.82 (As of Jun. 2024)

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What is PT Arkora Hydro 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 Arkora Hydro Tbk's Revenue for the three months ended in Jun. 2024 was Rp54,434 Mil. PT Arkora Hydro Tbk's average Accounts Receivable for the three months ended in Jun. 2024 was Rp14,241 Mil. Hence, PT Arkora Hydro Tbk's Receivables Turnover for the three months ended in Jun. 2024 was 3.82.

PT Arkora Hydro Tbk Receivables Turnover Historical Data

The historical data trend for PT Arkora Hydro 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.

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PT Arkora Hydro Tbk Receivables Turnover Chart

PT Arkora Hydro Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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67.00

10.30

17.31

19.89

18.96

PT Arkora Hydro Tbk Quarterly Data
	Dec18	Dec19	Dec20	Nov21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial									1.88	2.08	5.88	4.96	3.82

Competitive Comparison of PT Arkora Hydro Tbk's Receivables Turnover

For the Utilities - Renewable subindustry, PT Arkora Hydro 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 Arkora Hydro Tbk's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PT Arkora Hydro Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Arkora Hydro Tbk's Receivables Turnover falls into.

PT Arkora Hydro Tbk Receivables Turnover Calculation

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

PT Arkora Hydro 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 )
=	178790.287	/ (	(10467.345	+	8392.433)	/	2 )
=	178790.287	/	9429.889
=	18.96

PT Arkora Hydro 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 )
=	54434.129	/ (	(10116.173	+	18366.433)	/	2 )
=	54434.129	/	14241.303
=	3.82

PT Arkora Hydro Tbk (ISX:ARKO) 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 Arkora Hydro Tbk Receivables Turnover Related Terms

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PT Arkora Hydro Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PT Arkora Hydro Tbk (ISX:ARKO) » Definitions » Receivables Turnover

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Address

Jl. Jend. Sudirman Kav. 52-53, Lot 28 SCBD, 21st Floor Unit C & D, Office 8 Building, Jakarta, IDN, 12190

Website

https://www.arkora-hydro.com

PT Arkora Hydro Tbk is dedicated to the development and operation of hydropower plants in Indonesia. It owns and develops hydropower plant facilities that operate in a run-of-river fashion throughout Indonesia. The run-of-river hydropower plant is the type of power plant whereby little or no water storage is needed. Several projects of the company are: Cikopo MHPP; Tomasa MHPP; Yaentu MHPP and Kukusan 2 MHPP. The Company consists of three reportable segments: the 7.4 MW mini hydro powerplant in Cikopo (West Java), the 10 MW mini hydro power plant in Tomasa (Sulawesi Tengah), and the 10 MW mini hydro power plant in Yaentu (Central Sulawesi).