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PT Adirana Armada Tbk (ISX:ASSA) Receivables Turnover : 3.09 (As of Sep. 2024)


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What is PT Adirana Armada 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 Adirana Armada Tbk's Revenue for the three months ended in Sep. 2024 was Rp1,273,571 Mil. PT Adirana Armada Tbk's average Accounts Receivable for the three months ended in Sep. 2024 was Rp412,196 Mil. Hence, PT Adirana Armada Tbk's Receivables Turnover for the three months ended in Sep. 2024 was 3.09.


PT Adirana Armada Tbk Receivables Turnover Historical Data

The historical data trend for PT Adirana Armada 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 Adirana Armada Tbk Receivables Turnover Chart

PT Adirana Armada 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 9.29 9.73 15.22 18.46 14.41

PT Adirana Armada Tbk Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.89 2.92 3.21 2.81 3.09

Competitive Comparison of PT Adirana Armada Tbk's Receivables Turnover

For the Rental & Leasing Services subindustry, PT Adirana Armada 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 Adirana Armada Tbk's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Receivables Turnover distribution charts can be found below:

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



PT Adirana Armada Tbk Receivables Turnover Calculation

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

PT Adirana Armada 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 )
=4438522.306 / ((305195.2 + 310714.419) / 2 )
=4438522.306 / 307954.8095
=14.41

PT Adirana Armada Tbk's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1273570.595 / ((418402.408 + 405989.192) / 2 )
=1273570.595 / 412195.8
=3.09

* 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 Adirana Armada Tbk  (ISX:ASSA) 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 Adirana Armada Tbk Receivables Turnover Related Terms

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PT Adirana Armada Tbk Business Description

Traded in Other Exchanges
N/A
Address
Jalan Yos Sudarso No. 88 Sunter, Jakarta Utara, Jakarta, IDN, 14350
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Vehicle lease, Autopool and Driver; Sale of used vehicles; Logistics; Express; Auction, and others.

PT Adirana Armada Tbk Headlines

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