PT Mitra Pack Tbk (ISX:PTMP) Receivables Turnover : 1.25 (As of Sep. 2024)

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What is PT Mitra Pack 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 Mitra Pack Tbk's Revenue for the three months ended in Sep. 2024 was Rp49,849 Mil. PT Mitra Pack Tbk's average Accounts Receivable for the three months ended in Sep. 2024 was Rp39,800 Mil. Hence, PT Mitra Pack Tbk's Receivables Turnover for the three months ended in Sep. 2024 was 1.25.

PT Mitra Pack Tbk Receivables Turnover Historical Data

The historical data trend for PT Mitra Pack 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 Mitra Pack Tbk Receivables Turnover Chart

PT Mitra Pack Tbk Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

6.06

4.90

PT Mitra Pack Tbk Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial							1.28	1.46	1.09	1.01	1.25

Competitive Comparison of PT Mitra Pack Tbk's Receivables Turnover

For the Specialty Industrial Machinery subindustry, PT Mitra Pack 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 Mitra Pack Tbk's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PT Mitra Pack Tbk's Receivables Turnover distribution charts can be found below:

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

PT Mitra Pack Tbk Receivables Turnover Calculation

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

PT Mitra Pack 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 )
=	152990.934	/ (	(25191.014	+	37215.321)	/	2 )
=	152990.934	/	31203.1675
=	4.90

PT Mitra Pack Tbk's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	49849.229	/ (	(38395.719	+	41203.443)	/	2 )
=	49849.229	/	39799.581
=	1.25

PT Mitra Pack Tbk (ISX:PTMP) 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 Mitra Pack Tbk Receivables Turnover Related Terms

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PT Mitra Pack Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PT Mitra Pack Tbk (ISX:PTMP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Pangeran Jayakarta No. 135, Komplek Prima Jayakarta Blok B-20, Mangga Dua Selatan, Sawah Besar, Jakarta Pusat, Jakarta, IDN, 10730

Website

https://www.mitrapack.co.id

PT Mitra Pack Tbk specializes in Coding, Marking, Product Inspection Systems, and Food Packaging. The company engages in trading of product inspection systems such as metal detectors, X-ray inspection systems, check-weighers, and provides food and industrial goods packaging services. It is also engaged in trading of spare parts and chemicals, and providing related after-sales services. Its business segments are; Parts, Machines, Rental income, and Engineering income. The firm derives a majority of its revenue from the Parts, and Machines segment.

PT Mitra Pack Tbk Headlines

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