PT Indo Straits Tbk (ISX:PTIS) Receivables Turnover : 1.04 (As of Jun. 2024)

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What is PT Indo Straits 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 Indo Straits Tbk's Revenue for the three months ended in Jun. 2024 was Rp43,889 Mil. PT Indo Straits Tbk's average Accounts Receivable for the three months ended in Jun. 2024 was Rp42,340 Mil. Hence, PT Indo Straits Tbk's Receivables Turnover for the three months ended in Jun. 2024 was 1.04.

PT Indo Straits Tbk Receivables Turnover Historical Data

The historical data trend for PT Indo Straits 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 Indo Straits Tbk Receivables Turnover Chart

PT Indo Straits Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.34

4.49

4.92

5.26

2.60

PT Indo Straits Tbk Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.46	0.60	1.37	1.06	1.04

Competitive Comparison of PT Indo Straits Tbk's Receivables Turnover

For the Marine Shipping subindustry, PT Indo Straits 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 Indo Straits Tbk's Receivables Turnover Distribution in the Transportation Industry

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

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

PT Indo Straits Tbk Receivables Turnover Calculation

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

PT Indo Straits 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 )
=	215577.244	/ (	(83657.523	+	82120.994)	/	2 )
=	215577.244	/	82889.2585
=	2.60

PT Indo Straits Tbk's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	43889.332	/ (	(60214.868	+	24465.181)	/	2 )
=	43889.332	/	42340.0245
=	1.04

PT Indo Straits Tbk (ISX:PTIS) 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 Indo Straits Tbk Receivables Turnover Related Terms

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PT Indo Straits Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Indo Straits Tbk (ISX:PTIS) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Yos Sudarso Kav.88, Graha Kirana Building, 15th Floor, Suite 1501, Jakarta, IDN, 14350

Website

https://www.indostraits.co.id

PT Indo Straits Tbk is an Indonesian-based firm. The company with its subsidiaries engaged in providing marine engineering solutions and related services. It operates in three segments namely; the Integrated Marine Engineering service segment which covers dredging, reclamation, port construction, installation of the pile, wave breaker, and coastal protection; the Marine Logistics Support service segment includes transshipment and sea transportation services.; Mining Contracting Services segment providing mining, excavating, hauling, and contracting services.

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