PT Sumber Tani Agung Resources Tbk (ISX:STAA) Receivables Turnover : 10.56 (As of Mar. 2024)

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What is PT Sumber Tani Agung Resources 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 Sumber Tani Agung Resources Tbk's Revenue for the three months ended in Mar. 2024 was Rp1,276,635 Mil. PT Sumber Tani Agung Resources Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp120,897 Mil. Hence, PT Sumber Tani Agung Resources Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 10.56.

PT Sumber Tani Agung Resources Tbk Receivables Turnover Historical Data

The historical data trend for PT Sumber Tani Agung Resources 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 Sumber Tani Agung Resources Tbk Receivables Turnover Chart

PT Sumber Tani Agung Resources Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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36.40

43.69

90.22

94.51

57.28

PT Sumber Tani Agung Resources Tbk Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												17.49	21.79	20.66	16.58	10.56

Competitive Comparison of PT Sumber Tani Agung Resources Tbk's Receivables Turnover

For the Farm Products subindustry, PT Sumber Tani Agung Resources 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 Sumber Tani Agung Resources Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Sumber Tani Agung Resources Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Sumber Tani Agung Resources Tbk's Receivables Turnover falls into.

PT Sumber Tani Agung Resources Tbk Receivables Turnover Calculation

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

PT Sumber Tani Agung Resources 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 )
=	5285201	/ (	(90798	+	93729)	/	2 )
=	5285201	/	92263.5
=	57.28

PT Sumber Tani Agung Resources 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 )
=	1276635	/ (	(93729	+	148064)	/	2 )
=	1276635	/	120896.5
=	10.56

PT Sumber Tani Agung Resources Tbk (ISX:STAA) 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 Sumber Tani Agung Resources Tbk Receivables Turnover Related Terms

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PT Sumber Tani Agung Resources Tbk (ISX:STAA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sumber Tani Agung Resources Tbk (ISX:STAA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Pangeran Diponegoro No. 51, Sumatra Utara, Medan, IDN, 20152

Website

https://www.sta.co.id

PT Sumber Tani Agung Resources Tbk is an oil palm plantation company. The company manages approximately 13 oil palm estates, 9 palm oil mills, 1 Kernel Crushing Facility, and 1 solvent extraction plant powered by a biogas power plant, all of which situated in 4 provinces in Indonesia: North Sumatera, South Sumatera, West Kalimantan and Central Kalimantan.