PTrana Mitra Luas TBK (ISX:SMIL) Receivables Turnover : 0.69 (As of Mar. 2024)

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What is PTrana Mitra Luas 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. PTrana Mitra Luas TBK's Revenue for the three months ended in Mar. 2024 was Rp97,498 Mil. PTrana Mitra Luas TBK's average Accounts Receivable for the three months ended in Mar. 2024 was Rp141,341 Mil. Hence, PTrana Mitra Luas TBK's Receivables Turnover for the three months ended in Mar. 2024 was 0.69.

PTrana Mitra Luas TBK Receivables Turnover Historical Data

The historical data trend for PTrana Mitra Luas 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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PTrana Mitra Luas TBK Receivables Turnover Chart

PTrana Mitra Luas TBK Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.11

4.43

3.38

2.40

2.77

PTrana Mitra Luas TBK Quarterly Data
	Dec19	Dec20	Dec21	Oct22	Mar23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	-	-	-	0.69

Competitive Comparison of PTrana Mitra Luas TBK's Receivables Turnover

For the Rental & Leasing Services subindustry, PTrana Mitra Luas 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.

PTrana Mitra Luas TBK's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PTrana Mitra Luas TBK's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PTrana Mitra Luas TBK's Receivables Turnover falls into.

PTrana Mitra Luas TBK Receivables Turnover Calculation

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

PTrana Mitra Luas 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 )
=	356997.789	/ (	(104637.442	+	152869.247)	/	2 )
=	356997.789	/	128753.3445
=	2.77

PTrana Mitra Luas 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 )
=	97497.745	/ (	(152869.247	+	129812.275)	/	2 )
=	97497.745	/	141340.761
=	0.69

PTrana Mitra Luas TBK (ISX:SMIL) 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.

PTrana Mitra Luas TBK Receivables Turnover Related Terms

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PTrana Mitra Luas TBK (ISX:SMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PT Sarana Mitra Luas TBK (ISX:SMIL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Gemalapik Pasirsari, Raya No. 130 – 111, Cikarang Selatan, Jawa Barat, Bekasi, IDN, 17530

Website

https://www.sml.co.id

PT Sarana Mitra Luas TBK is a forklift rental company. PT. Sarana Mitra Luas has become one of the leading forklift rental companies in Indonesia with a total fleet of more than 3,000 units. Apart from rental, It also provides other material handling solutions such as selling and servicing forklifts. The company only has one business segment, namely forklift rental services.

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