PT Budi Starch & Sweetener Tbk (ISX:BUDI) Receivables Turnover : 0.67 (As of Jun. 2024)

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What is PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk's Revenue for the three months ended in Jun. 2024 was Rp883,999 Mil. PT Budi Starch & Sweetener Tbk's average Accounts Receivable for the three months ended in Jun. 2024 was Rp1,324,776 Mil. Hence, PT Budi Starch & Sweetener Tbk's Receivables Turnover for the three months ended in Jun. 2024 was 0.67.

PT Budi Starch & Sweetener Tbk Receivables Turnover Historical Data

The historical data trend for PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk Receivables Turnover Chart

PT Budi Starch & Sweetener Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.02

4.50

4.51

3.89

3.86

PT Budi Starch & Sweetener 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															0.98	1.22	0.70	0.79	0.67

Competitive Comparison of PT Budi Starch & Sweetener Tbk's Receivables Turnover

For the Packaged Foods subindustry, PT Budi Starch & Sweetener 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 Budi Starch & Sweetener Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Budi Starch & Sweetener Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Budi Starch & Sweetener Tbk's Receivables Turnover falls into.

PT Budi Starch & Sweetener Tbk Receivables Turnover Calculation

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

PT Budi Starch & Sweetener 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 )
=	3944953	/ (	(885434	+	1157964)	/	2 )
=	3944953	/	1021699
=	3.86

PT Budi Starch & Sweetener 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 )
=	883999	/ (	(1286542	+	1363010)	/	2 )
=	883999	/	1324776
=	0.67

PT Budi Starch & Sweetener Tbk (ISX:BUDI) 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 Budi Starch & Sweetener Tbk Receivables Turnover Related Terms

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PT Budi Starch & Sweetener Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Budi Starch & Sweetener Tbk (ISX:BUDI) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jalan H.R. Rasuna Said Kav. C-6, Wisma Budi 8th - 9th Floor, Jakarta, IDN, 12940

Website

https://www.budistarchsweetener.com

PT Budi Starch & Sweetener Tbk is an Indonesia-based company involved in the packaged food business sector. The Company's primary activities include industrial food processing and chemicals, and all derivative products produced from cassava, sweet potato, palm oil, copra, and other agricultural products and a wide variety of industries, especially the plastics industry. The segments of the company are tapioca starch, sweeteners, PP Woven Bags, Sulphuric Acid, and Other Chemical Products. The company generates maximum revenue from Tapioca starch products.

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