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PT Abadi Nusantara Hijau Investama Tbk (ISX:PACK) Receivables Turnover : 3.97 (As of Dec. 2024)


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What is PT Abadi Nusantara Hijau Investama 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 Abadi Nusantara Hijau Investama Tbk's Revenue for the six months ended in Dec. 2024 was Rp54,702 Mil. PT Abadi Nusantara Hijau Investama Tbk's average Accounts Receivable for the six months ended in Dec. 2024 was Rp13,793 Mil. Hence, PT Abadi Nusantara Hijau Investama Tbk's Receivables Turnover for the six months ended in Dec. 2024 was 3.97.

PT Abadi Nusantara Hijau Investama Tbk Receivables Turnover Historical Data

The historical data trend for PT Abadi Nusantara Hijau Investama 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 Abadi Nusantara Hijau Investama Tbk Receivables Turnover Chart

PT Abadi Nusantara Hijau Investama Tbk Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Receivables Turnover
16.42 10.53 6.38 3.97

PT Abadi Nusantara Hijau Investama Tbk Semi-Annual Data
Dec21 Dec22 Dec23 Dec24
Receivables Turnover 16.42 10.53 6.38 3.97

Competitive Comparison of PT Abadi Nusantara Hijau Investama Tbk's Receivables Turnover

For the Packaging & Containers subindustry, PT Abadi Nusantara Hijau Investama 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 Abadi Nusantara Hijau Investama Tbk's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Abadi Nusantara Hijau Investama Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Abadi Nusantara Hijau Investama Tbk's Receivables Turnover falls into.


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PT Abadi Nusantara Hijau Investama Tbk Receivables Turnover Calculation

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

PT Abadi Nusantara Hijau Investama Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=54702.368 / ((10412.813 + 17173.361) / 2 )
=54702.368 / 13793.087
=3.97

PT Abadi Nusantara Hijau Investama Tbk's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=54702.368 / ((10412.813 + 17173.361) / 2 )
=54702.368 / 13793.087
=3.97

* 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 Abadi Nusantara Hijau Investama Tbk  (ISX:PACK) 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 Abadi Nusantara Hijau Investama Tbk Receivables Turnover Related Terms

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PT Abadi Nusantara Hijau Investama Tbk Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » PT Abadi Nusantara Hijau Investama Tbk (ISX:PACK) » Definitions » Receivables Turnover
Comparable Companies
ISX:PBID ISX:PDPP ISX:TRST ISX:IPOL ISX:APLI ISX:BRNA ISX:SMKL ISX:IGAR ISX:AKPI ISX:PPRI IP SW PKG BALL AMCR AVY CCK TSX:CCL.A BERY GPK
Traded in Other Exchanges
N/A
Address
Jalan Jababeka 2 Block C/11-D, Jababeka Industrial Estate, Cikarang Utara, West Java, Bekasi Regency, IDN, 17530
Website
https://www.flexypack.com
PT Abadi Nusantara Hijau Investama Tbk Formerly PT Solusi Kemasan Digital Tbk is engaged in the field of Retail trade of plastic packaging and Manufacturing of plastic goods for packaging. The company helps business owners of all sizes, from SMEs to large businesses, to maximize the selling power of their products quickly through effective packaging that provides protection, hygiene, low minimum orders, and affordable prices which are supported by novel designs. The company operates only in one business segment, namely plastic packaging trading.