PT Indocement Tunggal Prakarsa Tbk (ISX:INTP) Receivables Turnover : 1.53 (As of Mar. 2024)

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What is PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk's Revenue for the three months ended in Mar. 2024 was Rp4,082,568 Mil. PT Indocement Tunggal Prakarsa Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp2,671,864 Mil. Hence, PT Indocement Tunggal Prakarsa Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 1.53.

PT Indocement Tunggal Prakarsa Tbk Receivables Turnover Historical Data

The historical data trend for PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk Receivables Turnover Chart

PT Indocement Tunggal Prakarsa Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.36

5.09

5.71

6.23

6.66

PT Indocement Tunggal Prakarsa 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															1.61	1.37	1.74	1.79	1.53

Competitive Comparison of PT Indocement Tunggal Prakarsa Tbk's Receivables Turnover

For the Building Materials subindustry, PT Indocement Tunggal Prakarsa 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 Indocement Tunggal Prakarsa Tbk's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Indocement Tunggal Prakarsa Tbk's Receivables Turnover distribution charts can be found below:

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

PT Indocement Tunggal Prakarsa Tbk Receivables Turnover Calculation

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

PT Indocement Tunggal Prakarsa 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 )
=	17949756	/ (	(2651672	+	2741975)	/	2 )
=	17949756	/	2696823.5
=	6.66

PT Indocement Tunggal Prakarsa 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 )
=	4082568	/ (	(2741975	+	2601752)	/	2 )
=	4082568	/	2671863.5
=	1.53

PT Indocement Tunggal Prakarsa Tbk (ISX:INTP) 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 Indocement Tunggal Prakarsa Tbk Receivables Turnover Related Terms

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PT Indocement Tunggal Prakarsa Tbk (ISX:INTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Indocement Tunggal Prakarsa Tbk (ISX:INTP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ITP:Germany

Address

Jalan Jenderal Sudirman Kavling 70-71, Wisma Indocement, 13th Floor, Jakarta, IDN, 12910

Website

https://www.indocement.co.id

PT Indocement Tunggal Prakarsa Tbk manufactures and sells cement, concrete, and cement-related products. The firm operates in three segments cement, ready-mix concrete, and aggregates quarries. The Cement segment, which generates the vast majority of revenue, sells cement under the Tiga Roda brand, primarily to retailers and the residential construction industry. The Ready-Mix Concrete segment sells concrete to the building and construction industries.