PT Rimo International Lestari Tbk (ISX:RIMO) Receivables Turnover: 6.32 (As of Sep. 2019)

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ISX:RIMO PT Rimo International Lestari Tbk ISX:RIMO
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What is PT Rimo International Lestari Tbk Receivables Turnover?

PT Rimo International Lestari Tbk ISX:RIMO 4 Receivables Turnover is 6.32 as of Sep. 2019. GuruFocus rates ISX:RIMO with a GF Score™ of 4/100.

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 Rimo International Lestari Tbk's Revenue for the three months ended in Sep. 2019 was Rp320,800 Mil. PT Rimo International Lestari Tbk's average Accounts Receivable for the three months ended in Sep. 2019 was Rp50,748 Mil. Hence, PT Rimo International Lestari Tbk's Receivables Turnover for the three months ended in Sep. 2019 was 6.32.


PT Rimo International Lestari Tbk  (ISX:RIMO) 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 Rimo International Lestari Tbk Receivables Turnover Related Terms


PT Rimo International Lestari Tbk Receivables Turnover Historical Data

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The historical data trend for PT Rimo International Lestari 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.

PT Rimo International Lestari Tbk Receivables Turnover Chart

PT Rimo International Lestari Tbk Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Receivables Turnover
Get a 7-Day Free Trial 2.45 0.03 2.19 27.23 5.26

PT Rimo International Lestari Tbk Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.92 0.61 0.41 0.91 6.32

PT Rimo International Lestari Tbk Receivables Turnover Competitor Comparison

For the Real Estate - Development subindustry, PT Rimo International Lestari 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 Rimo International Lestari Tbk Receivables Turnover vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Rimo International Lestari Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Rimo International Lestari Tbk's Receivables Turnover falls into.


ISX:RIMO
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PT Rimo International Lestari Tbk ISX:RIMO
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PT Rimo International Lestari Tbk Receivables Turnover Calculation

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

PT Rimo International Lestari Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

Receivables Turnover (A: Dec. 2018 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2018 ) / ((Accounts Receivable (A: Dec. 2017 ) + Accounts Receivable (A: Dec. 2018 )) / count )
=509524.574 / ((15859.342 + 178026.361) / 2 )
=509524.574 / 96942.8515
=5.26

PT Rimo International Lestari Tbk's Receivables Turnover for the quarter that ended in Sep. 2019 is calculated as

Receivables Turnover (Q: Sep. 2019 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Sep. 2019 ) / ((Accounts Receivable (Q: Jun. 2019 ) + Accounts Receivable (Q: Sep. 2019 )) / count )
=320799.976 / ((78799.419 + 22695.938) / 2 )
=320799.976 / 50747.6785
=6.32

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 6.32 mean?
PT Rimo International Lestari Tbk (ISX:RIMO) has a Receivables Turnover of 6.32 as of Sep. 2019. The accounts 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. View historical data on PT Rimo International Lestari Tbk and its competitors.
Is PT Rimo International Lestari Tbk's Receivables Turnover too high?
PT Rimo International Lestari Tbk's current Receivables Turnover is 6.32. The Real Estate industry median Receivables Turnover is 10.46. PT Rimo International Lestari Tbk's value of 6.32 is 39.6% below this industry median. Overall, PT Rimo International Lestari Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Rimo International Lestari Tbk's Receivables Turnover compare to competitors?
PT Rimo International Lestari Tbk's Receivables Turnover of 6.32 can be compared against companies in the Real Estate industry. The industry median Receivables Turnover is 10.46. PT Rimo International Lestari Tbk's value of 6.32 is 39.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Real Estate company?
The median Receivables Turnover among Real Estate companies is 10.46, based on 1,670 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Rimo International Lestari Tbk's current Receivables Turnover of 6.32 is 39.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on PT Rimo International Lestari Tbk and its competitors. For the Real Estate industry, the median Receivables Turnover is 10.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Rimo International Lestari Tbk's current Receivables Turnover is 6.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Rimo International Lestari Tbk stock overvalued right now?
PT Rimo International Lestari Tbk (ISX:RIMO) has a current Receivables Turnover of 6.32. The current Receivables Turnover is 6.32 and 39.6% below the Real Estate industry median of 10.46. PT Rimo International Lestari Tbk's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For PT Rimo International Lestari Tbk (ISX:RIMO), the current Receivables Turnover is 6.32 as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PT Rimo International Lestari Tbk Business Description

Address Jalan Jenderal Sudirman Kav.27, Mayapada Tower II Lantai 22, Jakarta, IDN, 12920
PT Rimo International Lestari Tbk is involved in the property business. It seeks to develop high quality integrated townships with modern infrastructure and amenities. The group is also involved in developing a diverse range of products from affordable to premium housing in order to reach out to a wide variety of customers, whilst assisting the government to realize its aspiration in making housing more accessible to the general public. It operates in three segments Department Store, Real Estate, and Service. The portfolio of the group includes various project such as South Hills Apartment, Puncak golf and resort, Kota Olympia, Gangnam Townhouse, Puuwatu Hills, Maestro Hotel and others. Geographically the activities are carried out through Indonesia.
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