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PT Kencana Energi Lestari Tbk (ISX:KEEN) Receivables Turnover : 2.65 (As of Mar. 2024)


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What is PT Kencana Energi Lestari 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 Kencana Energi Lestari Tbk's Revenue for the three months ended in Mar. 2024 was Rp150,506 Mil. PT Kencana Energi Lestari Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp56,777 Mil. Hence, PT Kencana Energi Lestari Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 2.65.


PT Kencana Energi Lestari Tbk Receivables Turnover Historical Data

The historical data trend for PT Kencana Energi Lestari 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.

* Premium members only.

PT Kencana Energi Lestari Tbk Receivables Turnover Chart

PT Kencana Energi Lestari Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 12.88 11.35 11.59 10.73 11.82

PT Kencana Energi Lestari 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.68 2.77 3.48 4.94 2.65

Competitive Comparison of PT Kencana Energi Lestari Tbk's Receivables Turnover

For the Utilities - Independent Power Producers subindustry, PT Kencana Energi Lestari 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 Kencana Energi Lestari Tbk's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PT Kencana Energi Lestari Tbk's Receivables Turnover distribution charts can be found below:

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



PT Kencana Energi Lestari Tbk Receivables Turnover Calculation

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

PT Kencana Energi Lestari 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 )
=740275.977 / ((77664.008 + 47542.922) / 2 )
=740275.977 / 62603.465
=11.82

PT Kencana Energi Lestari 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 )
=150506.338 / ((47542.922 + 66011.281) / 2 )
=150506.338 / 56777.1015
=2.65

* 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 Kencana Energi Lestari Tbk  (ISX:KEEN) 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 Kencana Energi Lestari Tbk Receivables Turnover Related Terms

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PT Kencana Energi Lestari Tbk (ISX:KEEN) Business Description

Traded in Other Exchanges
N/A
Address
Jl. Meruya Ilir Raya no. 88, Kencana Tower, 11th floor, Business Park Kebon Jeruk, Jakarta Barat, IDN, 11620
PT Kencana Energi Lestari Tbk is a prominent renewable energy provider company in Indonesia. It generates renewable energy for industries and homes in Indonesia. Through subsidiaries, the company operates three hydropower plants located in three separate Indonesian provinces, namely North Sumatra, Bengkulu, and South Sulawesi.

PT Kencana Energi Lestari Tbk (ISX:KEEN) Headlines

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