PT Multi Spunindo Jaya Tbk (ISX:MSJA) Receivables Turnover : 3.95 (As of Jun. 2023)

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What is PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Revenue for the six months ended in Jun. 2023 was Rp547,713 Mil. PT Multi Spunindo Jaya Tbk's average Accounts Receivable for the six months ended in Jun. 2023 was Rp138,795 Mil. Hence, PT Multi Spunindo Jaya Tbk's Receivables Turnover for the six months ended in Jun. 2023 was 3.95.

PT Multi Spunindo Jaya Tbk Receivables Turnover Historical Data

The historical data trend for PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk Receivables Turnover Chart

PT Multi Spunindo Jaya Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

8.70

8.15

8.66

PT Multi Spunindo Jaya Tbk Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	-	-	4.14	4.27	3.95

Competitive Comparison of PT Multi Spunindo Jaya Tbk's Receivables Turnover

For the Textile Manufacturing subindustry, PT Multi Spunindo Jaya 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 Multi Spunindo Jaya Tbk's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Multi Spunindo Jaya Tbk's Receivables Turnover distribution charts can be found below:

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

PT Multi Spunindo Jaya Tbk Receivables Turnover Calculation

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

PT Multi Spunindo Jaya Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1242514.005	/ (	(153734.197	+	133084.364)	/	2 )
=	1242514.005	/	143409.2805
=	8.66

PT Multi Spunindo Jaya Tbk's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	547712.817	/ (	(133084.364	+	144505.066)	/	2 )
=	547712.817	/	138794.715
=	3.95

PT Multi Spunindo Jaya Tbk (ISX:MSJA) 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 Multi Spunindo Jaya Tbk Receivables Turnover Related Terms

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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Multi Spunindo Jaya Tbk (ISX:MSJA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

PT MultiSpunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors.

PT Multi Spunindo Jaya Tbk (ISX:MSJA) Headlines

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