PT Golden Flower Tbk (ISX:POLU) Receivables Turnover : 1.99 (As of Sep. 2023)

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What is PT Golden Flower 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 Golden Flower Tbk's Revenue for the three months ended in Sep. 2023 was Rp20,038 Mil. PT Golden Flower Tbk's average Accounts Receivable for the three months ended in Sep. 2023 was Rp10,064 Mil. Hence, PT Golden Flower Tbk's Receivables Turnover for the three months ended in Sep. 2023 was 1.99.

PT Golden Flower Tbk Receivables Turnover Historical Data

The historical data trend for PT Golden Flower 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 Golden Flower Tbk Receivables Turnover Chart

PT Golden Flower Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.18

6.26

3.13

2.22

4.24

PT Golden Flower Tbk Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.69	1.00	1.54	1.81	1.99

Competitive Comparison of PT Golden Flower Tbk's Receivables Turnover

For the Apparel Manufacturing subindustry, PT Golden Flower 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 Golden Flower Tbk's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where PT Golden Flower Tbk's Receivables Turnover falls into.

PT Golden Flower Tbk Receivables Turnover Calculation

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

PT Golden Flower 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 )
=	126547.486	/ (	(43684.596	+	16047.489)	/	2 )
=	126547.486	/	29866.0425
=	4.24

PT Golden Flower Tbk's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	20038.018	/ (	(12938.655	+	7189.274)	/	2 )
=	20038.018	/	10063.9645
=	1.99

PT Golden Flower Tbk (ISX:POLU) 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 Golden Flower Tbk Receivables Turnover Related Terms

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PT Golden Flower Tbk (ISX:POLU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Golden Flower Tbk (ISX:POLU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Karimunjawa, Gedanganak Ungaran, Jawa Tengah, Kab. Semarang, IDN, 50519

Website

https://www.goldenflower.co.id

PT Golden Flower Tbk is a garment manufacturer and exporter in Indonesia. The company's operating segment includes Ladies' blouses and Man shirts. It generates maximum revenue from the Ladies' blouse segment. Some of its products include Non-Iron Shirt; Casual shirts; Skirt; Dresses; Night Wear and others.

PT Golden Flower Tbk (ISX:POLU) Headlines

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