PT Indonesia Kendaraan Terminal Tbk (ISX:IPCC) Receivables Turnover : 2.44 (As of Mar. 2024)

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What is PT Indonesia Kendaraan Terminal 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 Indonesia Kendaraan Terminal Tbk's Revenue for the three months ended in Mar. 2024 was Rp175,638 Mil. PT Indonesia Kendaraan Terminal Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp72,083 Mil. Hence, PT Indonesia Kendaraan Terminal Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 2.44.

PT Indonesia Kendaraan Terminal Tbk Receivables Turnover Historical Data

The historical data trend for PT Indonesia Kendaraan Terminal 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 Indonesia Kendaraan Terminal Tbk Receivables Turnover Chart

PT Indonesia Kendaraan Terminal Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.43

4.75

8.82

12.38

11.53

PT Indonesia Kendaraan Terminal 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															2.71	2.37	2.50	2.81	2.44

Competitive Comparison of PT Indonesia Kendaraan Terminal Tbk's Receivables Turnover

For the Integrated Freight & Logistics subindustry, PT Indonesia Kendaraan Terminal 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 Indonesia Kendaraan Terminal Tbk's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT Indonesia Kendaraan Terminal Tbk's Receivables Turnover distribution charts can be found below:

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

PT Indonesia Kendaraan Terminal Tbk Receivables Turnover Calculation

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

PT Indonesia Kendaraan Terminal 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 )
=	735204.94	/ (	(65853.462	+	61624.447)	/	2 )
=	735204.94	/	63738.9545
=	11.53

PT Indonesia Kendaraan Terminal 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 )
=	175637.819	/ (	(61624.447	+	82540.825)	/	2 )
=	175637.819	/	72082.636
=	2.44

PT Indonesia Kendaraan Terminal Tbk (ISX:IPCC) 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 Indonesia Kendaraan Terminal Tbk Receivables Turnover Related Terms

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PT Indonesia Kendaraan Terminal Tbk (ISX:IPCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Indonesia Kendaraan Terminal Tbk (ISX:IPCC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sindang Laut No.100, Cilincing, Jakarta Utara, IDN, 14110

Website

https://www.indonesiacarterminal.co.id

PT Indonesia Kendaraan Terminal Tbk is an Indonesia-based company that engages in the provision of vehicle terminal services and goods services. The company offers stevedoring, cargodoring, receiving, delivery, terminal Handling, value-added services, sea toll Services, and other loading and unloading services. The company operates in two segments namely terminal services & cargo services and miscellaneous, facilities & utility services from which, terminal services & cargo services account for the majority of the revenue. The company's geographical segments include Tanjung Priok, Panjang, Makassar, Belawan, Gresik, and Pontianak, out of which the majority of the revenue is generated from Tanjung Priok.

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