PT MNC Asia Holding Tbk (ISX:BHIT) Receivables Turnover : 0.86 (As of Dec. 2023)

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What is PT MNC Asia Holding 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 MNC Asia Holding Tbk's Revenue for the three months ended in Dec. 2023 was Rp3,451,956 Mil. PT MNC Asia Holding Tbk's average Accounts Receivable for the three months ended in Dec. 2023 was Rp4,025,606 Mil. Hence, PT MNC Asia Holding Tbk's Receivables Turnover for the three months ended in Dec. 2023 was 0.86.

PT MNC Asia Holding Tbk Receivables Turnover Historical Data

The historical data trend for PT MNC Asia Holding 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 MNC Asia Holding Tbk Receivables Turnover Chart

PT MNC Asia Holding Tbk Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.84

4.49

3.95

4.49

4.61

PT MNC Asia Holding Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.07	1.19	1.05	0.85	0.86

Competitive Comparison of PT MNC Asia Holding Tbk's Receivables Turnover

For the Entertainment subindustry, PT MNC Asia Holding 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 MNC Asia Holding Tbk's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT MNC Asia Holding Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT MNC Asia Holding Tbk's Receivables Turnover falls into.

PT MNC Asia Holding Tbk Receivables Turnover Calculation

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

PT MNC Asia Holding Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	18083695	/ (	(3904975	+	3942522)	/	2 )
=	18083695	/	3923748.5
=	4.61

PT MNC Asia Holding Tbk's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3451956	/ (	(4043579	+	4007633)	/	2 )
=	3451956	/	4025606
=	0.86

PT MNC Asia Holding Tbk (ISX:BHIT) 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 MNC Asia Holding Tbk Receivables Turnover Related Terms

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PT MNC Asia Holding Tbk (ISX:BHIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PT MNC Asia Holding Tbk (ISX:BHIT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Kebon Sirih Timur No. 21-27, MNC Financial Center, 21st Floor, MNC Center, Jakarta Pusat, Jakarta, IDN, 10340

Website

https://www.mncgroup.com

PT MNC Asia Holding Tbk is an investment company that primarily operates in the diversified media industry. The company has three primary business segments: media, financial services, and entertainment, lifestyle property, and the hospitality industry. The company's media business operates and creates content for several television stations, generating revenue through advertising. The financial services business segment offers asset management, insurance, and leasing services. The entertainment, lifestyle property, and hospitality industry generates revenue through resort and residence projects. The company generates the vast majority of its revenue in Indonesia.

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