PT Elnusa Tbk (ISX:ELSA) Receivables Turnover : 3.55 (As of Mar. 2024)

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What is PT Elnusa 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 Elnusa Tbk's Revenue for the three months ended in Mar. 2024 was Rp3,107,783 Mil. PT Elnusa Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp874,432 Mil. Hence, PT Elnusa Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 3.55.

PT Elnusa Tbk Receivables Turnover Historical Data

The historical data trend for PT Elnusa 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 Elnusa Tbk Receivables Turnover Chart

PT Elnusa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.88

5.66

3.67

7.71

13.24

PT Elnusa Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.74	3.55	3.59	3.62	3.55

Competitive Comparison of PT Elnusa Tbk's Receivables Turnover

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

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

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

PT Elnusa Tbk Receivables Turnover Calculation

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

PT Elnusa 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 )
=	12564391	/ (	(902358	+	994942)	/	2 )
=	12564391	/	948650
=	13.24

PT Elnusa Tbk's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3107783	/ (	(994942	+	753922)	/	2 )
=	3107783	/	874432
=	3.55

PT Elnusa Tbk (ISX:ELSA) 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 Elnusa Tbk Receivables Turnover Related Terms

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PT Elnusa Tbk (ISX:ELSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Elnusa Tbk (ISX:ELSA) » Definitions » Receivables Turnover

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Address

Jalan T.B. Simatupang Kav. 1 B, Graha Elnusa, 16th Floor, Jakarta, IDN, 12560

Website

https://www.elnusa.co.id

PT Elnusa Tbk is an Indonesian company which provides oil and gas services. The business activities of the group are operated through Upstream oil and gas service, Oil and gas support service, and Energy distribution and logistics services segments. The Upstream oil and gas services segment provides geophysical/seismic data services, oil, and gas drilling service and oilfield services; Oil and gas support services segment provides threading services, threading for oil and gas drilling, data and information on energy and mineral resources management services, oil and gas data management services and others; and Energy distribution and logistics services segment is a key revenue driver that provides storage services, trading, distribution and marketing of oil and gas products in Indonesia.

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