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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 Golden Plantation Tbk's Revenue for the
three
months ended in Sep. 2021 was Rp969 Mil. PT Golden Plantation Tbk's average Accounts Receivable for the
three
months ended in Sep. 2021 was Rp644 Mil.
Hence, PT Golden Plantation Tbk's Receivables Turnover for the
three
months ended in Sep. 2021 was 1.50.
PT Golden Plantation Tbk (ISX:GOLL) 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 Golden Plantation Tbk Receivables Turnover Related Terms
PT Golden Plantation Tbk Receivables Turnover Historical Data
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The historical data trend for PT Golden Plantation 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.
PT Golden Plantation Tbk Receivables Turnover Chart
PT Golden Plantation Tbk Receivables Turnover Competitor Comparison
For the Farm Products subindustry, PT Golden Plantation 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 Golden Plantation Tbk Receivables Turnover vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Golden Plantation Tbk's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where PT Golden Plantation Tbk's Receivables Turnover falls into.
* 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 Golden Plantation Tbk (ISX:GOLL) has a Receivables Turnover of 1.50 as of Sep. 2021. The accounts 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. View historical data on PT Golden Plantation Tbk and its competitors.
Is PT Golden Plantation Tbk's Receivables Turnover too high?
PT Golden Plantation Tbk's current Receivables Turnover is 1.50. The Consumer Packaged Goods industry median Receivables Turnover is 9.33. PT Golden Plantation Tbk's value of 1.50 is 83.9% below this industry median.
How does PT Golden Plantation Tbk's Receivables Turnover compare to competitors?
PT Golden Plantation Tbk's Receivables Turnover of 1.50 can be compared against companies in the Consumer Packaged Goods industry. The industry median Receivables Turnover is 9.33. PT Golden Plantation Tbk's value of 1.50 is 83.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Consumer Packaged Goods company?
The median Receivables Turnover among Consumer Packaged Goods companies is 9.33, based on 1,946 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Golden Plantation Tbk's current Receivables Turnover of 1.50 is 83.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on PT Golden Plantation Tbk and its competitors. For the Consumer Packaged Goods industry, the median Receivables Turnover is 9.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Golden Plantation Tbk's current Receivables Turnover is 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Golden Plantation Tbk stock overvalued right now?
PT Golden Plantation Tbk (ISX:GOLL) has a current Receivables Turnover of 1.50. The current Receivables Turnover is 1.50 and 83.9% below the Consumer Packaged Goods industry median of 9.33. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For PT Golden Plantation Tbk (ISX:GOLL), the current Receivables Turnover is 1.50 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
AddressJalan Dr. Ide Anak Agung Gde Agung Kav.E.1.2 No.1 & 2, Plaza Mutiara building 8th Floor, Suite 801, Mega Kuningan, East Kuningan, Setiabudi, South Jakarta, Jakarta, IDN, 12950
PT Golden Plantation Tbk is engaged in the manufacturing of palm oil. The company's operating segment is palm oil plantations located in several areas in Indonesia. The company has around nine oil palm plantations, located in South Kalimantan, Central Kalimantan, West Kalimantan, Riau, South Sumatra, and Jambi. The sale of crude palm oil generates maximum revenue for the company. The company sells three products as principal sales, namely Crude Palm Oil, Fresh Fruit Bunches, and Palm Kernel.
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