PT Sekar Laut Tbk (ISX:SKLT) Receivables Turnover : 2.42 (As of Mar. 2024)

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What is PT Sekar Laut 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 Sekar Laut Tbk's Revenue for the three months ended in Mar. 2024 was Rp518,476 Mil. PT Sekar Laut Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp214,475 Mil. Hence, PT Sekar Laut Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 2.42.

PT Sekar Laut Tbk Receivables Turnover Historical Data

The historical data trend for PT Sekar Laut 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 Sekar Laut Tbk Receivables Turnover Chart

PT Sekar Laut Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.30

7.38

8.55

9.07

9.80

PT Sekar Laut Tbk Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								2.58	2.26	2.36	2.31	2.42

Competitive Comparison of PT Sekar Laut Tbk's Receivables Turnover

For the Packaged Foods subindustry, PT Sekar Laut 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 Sekar Laut Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sekar Laut Tbk's Receivables Turnover distribution charts can be found below:

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

PT Sekar Laut Tbk Receivables Turnover Calculation

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

PT Sekar Laut 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 )
=	1794345.307	/ (	(179530.243	+	186648.84)	/	2 )
=	1794345.307	/	183089.5415
=	9.80

PT Sekar Laut 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 )
=	518475.863	/ (	(186648.84	+	242300.437)	/	2 )
=	518475.863	/	214474.6385
=	2.42

PT Sekar Laut Tbk (ISX:SKLT) 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 Sekar Laut Tbk Receivables Turnover Related Terms

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PT Sekar Laut Tbk (ISX:SKLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sekar Laut Tbk (ISX:SKLT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Darmo 23-25, Jawa Timur, Surabaya, IDN, 60265

Website

https://www.sekarlaut.com

PT Sekar Laut Tbk produces and develops crackers, tomato and chili sauces, and ready to use seasonings in Indonesia and internationally. It products include Crackers, Condiment, Cooking Spices, Melinjo. and Sauce products under the Finna brand name. In addition, it is involved in the trading of consumer goods, shrimp feed, and others; and restaurant business. It has a geographical presence in Netherland, Korea, England, Oceania, China and other regions of which Netherland generates maximum revenue.

PT Sekar Laut Tbk (ISX:SKLT) Headlines

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