PTlim Ivomas Pratama Tbk (ISX:SIMP) Receivables Turnover : 4.35 (As of Mar. 2024)

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What is PTlim Ivomas Pratama 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. PTlim Ivomas Pratama Tbk's Revenue for the three months ended in Mar. 2024 was Rp3,745,861 Mil. PTlim Ivomas Pratama Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp861,425 Mil. Hence, PTlim Ivomas Pratama Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 4.35.

PTlim Ivomas Pratama Tbk Receivables Turnover Historical Data

The historical data trend for PTlim Ivomas Pratama 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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PTlim Ivomas Pratama Tbk Receivables Turnover Chart

PTlim Ivomas Pratama Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

14.30

12.04

14.79

13.36

16.41

PTlim Ivomas Pratama 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															3.56	3.94	5.69	5.58	4.35

Competitive Comparison of PTlim Ivomas Pratama Tbk's Receivables Turnover

For the Packaged Foods subindustry, PTlim Ivomas Pratama 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.

PTlim Ivomas Pratama Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PTlim Ivomas Pratama Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PTlim Ivomas Pratama Tbk's Receivables Turnover falls into.

PTlim Ivomas Pratama Tbk Receivables Turnover Calculation

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

PTlim Ivomas Pratama 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 )
=	16002643	/ (	(1200214	+	750139)	/	2 )
=	16002643	/	975176.5
=	16.41

PTlim Ivomas Pratama 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 )
=	3745861	/ (	(750139	+	972710)	/	2 )
=	3745861	/	861424.5
=	4.35

PTlim Ivomas Pratama Tbk (ISX:SIMP) 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.

PTlim Ivomas Pratama Tbk Receivables Turnover Related Terms

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PTlim Ivomas Pratama Tbk (ISX:SIMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Salim Ivomas Pratama Tbk (ISX:SIMP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jenderal Sudirman Kav. 76-78, Sudirman Plaza, Indofood Tower, 11th Floor, Jakarta, IDN, 12910

Website

https://www.simp.co.id

PT Salim Ivomas Pratama Tbk is an agribusiness in Southeast Asia that focuses on cultivating and processing palm oil. It invests in oil palm seed breeding and the development of oil palm seedlings to raise various plantations. The company owns several mills to produce crude palm oil and other derivative products such as palm kernel. Products are transported to subsidiaries to manufacture and package edible oils and fats. Additionally, its plantations produce sugar, rubber, and other plant products for sale and distribution. Packaged goods are sold through national, regional, and local distributors, as well as through a direct sales method under the company's own brands. It operates in two segments: Plantations and Edible Oil and Fats.

PTlim Ivomas Pratama Tbk (ISX:SIMP) Headlines

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