PT Citra Tubindo Tbk (ISX:CTBN) Receivables Turnover : 2.50 (As of Sep. 2024)

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What is PT Citra Tubindo 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 Citra Tubindo Tbk's Revenue for the three months ended in Sep. 2024 was Rp822,135 Mil. PT Citra Tubindo Tbk's average Accounts Receivable for the three months ended in Sep. 2024 was Rp328,923 Mil. Hence, PT Citra Tubindo Tbk's Receivables Turnover for the three months ended in Sep. 2024 was 2.50.

PT Citra Tubindo Tbk Receivables Turnover Historical Data

The historical data trend for PT Citra Tubindo 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 Citra Tubindo Tbk Receivables Turnover Chart

PT Citra Tubindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.50

5.56

5.75

8.93

12.02

PT Citra Tubindo 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															2.29	2.38	2.08	2.71	2.50

Competitive Comparison of PT Citra Tubindo Tbk's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, PT Citra Tubindo 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 Citra Tubindo Tbk's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PT Citra Tubindo Tbk's Receivables Turnover distribution charts can be found below:

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

PT Citra Tubindo Tbk Receivables Turnover Calculation

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

PT Citra Tubindo 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 )
=	3210226.353	/ (	(208719.071	+	325477.857)	/	2 )
=	3210226.353	/	267098.464
=	12.02

PT Citra Tubindo 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 )
=	822134.899	/ (	(419484.582	+	238362.082)	/	2 )
=	822134.899	/	328923.332
=	2.50

PT Citra Tubindo Tbk (ISX:CTBN) 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 Citra Tubindo Tbk Receivables Turnover Related Terms

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PT Citra Tubindo Tbk Business Description

Industry

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Address

Jalan Hang Kesturi I Number 2, Kawasan Industri Terpadu Kabil, Batam, IDN, 29467

Website

https://www.citratubindo.com

PT Citra Tubindo Tbk is engaged in the business activities of manufacturing, providing services, repairing equipment, and accessories to support the oil and gas industry. Its services include finishing and threading of pipes, Heat Treatment Facility, Testing and Inspection Facility, Production Process, Technical Support, and Port Management and Logistic Services. The company's operating segment includes Pipe Processing; Transportation services and others and Technical support. It generates maximum revenue from the Pipe Processing segment. Geographically, it derives a majority of revenue from Indonesia and also has a presence in Asia; Europe; America, and Africa.

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