PT Ricky Putra Globalindo Tbk (ISX:RICY) Receivables Turnover : 0.54 (As of Mar. 2024)

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What is PT Ricky Putra Globalindo 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 Ricky Putra Globalindo Tbk's Revenue for the three months ended in Mar. 2024 was Rp239,203 Mil. PT Ricky Putra Globalindo Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp443,771 Mil. Hence, PT Ricky Putra Globalindo Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 0.54.

PT Ricky Putra Globalindo Tbk Receivables Turnover Historical Data

The historical data trend for PT Ricky Putra Globalindo 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 Ricky Putra Globalindo Tbk Receivables Turnover Chart

PT Ricky Putra Globalindo Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.47

4.09

3.72

2.97

2.00

PT Ricky Putra Globalindo Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.57	0.36	0.49	0.47	0.54

Competitive Comparison of PT Ricky Putra Globalindo Tbk's Receivables Turnover

For the Apparel Manufacturing subindustry, PT Ricky Putra Globalindo 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 Ricky Putra Globalindo Tbk's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where PT Ricky Putra Globalindo Tbk's Receivables Turnover falls into.

PT Ricky Putra Globalindo Tbk Receivables Turnover Calculation

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

PT Ricky Putra Globalindo 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 )
=	868483.141	/ (	(425959.091	+	440754.168)	/	2 )
=	868483.141	/	433356.6295
=	2.00

PT Ricky Putra Globalindo Tbk's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	239202.627	/ (	(440754.168	+	446788.4)	/	2 )
=	239202.627	/	443771.284
=	0.54

PT Ricky Putra Globalindo Tbk (ISX:RICY) 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 Ricky Putra Globalindo Tbk Receivables Turnover Related Terms

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PT Ricky Putra Globalindo Tbk (ISX:RICY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Ricky Putra Globalindo Tbk (ISX:RICY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sawah Lio II No. 29 - 37, Jembatan Lima, Tambora, Jakarta Barat, Jakarta, IDN, 11250

Website

https://www.rpg.co.id

PT Ricky Putra Globalindo Tbk is primarily engaged in the manufacturing of underwear and fashion wear, trading, and spinning manufacturing. The operating segments of the company are the Manufacturing of underwear, outerwear manufacturing, yarn manufacturing and others. Men's underwear consists of seven main product segments to serve the domestic market under the brands Ricky, GT Man, GT Ladies, Ricsony, GT Man Kid, GT Kid, GTman Sport, and BUM Equipment. Geographically, the group operates in Jakarta and Java, Asia, Sumatera, Kalimantan, Sulawesi, Europe, Africa, the Middle East, Australia, and America, of which key revenue is derived from Jakarta and Java.

PT Ricky Putra Globalindo Tbk (ISX:RICY) Headlines

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