PT Siantar Top Tbk (ISX:STTP) Receivables Turnover : 2.11 (As of Mar. 2025)

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What is PT Siantar Top 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 Siantar Top Tbk's Revenue for the three months ended in Mar. 2025 was Rp1,264,389 Mil. PT Siantar Top Tbk's average Accounts Receivable for the three months ended in Mar. 2025 was Rp598,594 Mil. Hence, PT Siantar Top Tbk's Receivables Turnover for the three months ended in Mar. 2025 was 2.11.

PT Siantar Top Tbk Receivables Turnover Historical Data

The historical data trend for PT Siantar Top 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 Siantar Top Tbk Receivables Turnover Chart

PT Siantar Top Tbk Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.77

9.19

10.29

10.47

10.09

PT Siantar Top Tbk Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.44	1.95	2.23	2.18	2.11

Competitive Comparison of PT Siantar Top Tbk's Receivables Turnover

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

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

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

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PT Siantar Top Tbk Receivables Turnover Calculation

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

PT Siantar Top Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	4959939.533	/ (	(427853.321	+	555028.474)	/	2 )
=	4959939.533	/	491440.8975
=	10.09

PT Siantar Top Tbk's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	1264389	/ (	(555028.474	+	642159.8)	/	2 )
=	1264389	/	598594.137
=	2.11

PT Siantar Top Tbk (ISX:STTP) 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 Siantar Top Tbk Receivables Turnover Related Terms

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PT Siantar Top Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Siantar Top Tbk (ISX:STTP) » Definitions » Receivables Turnover

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N/A

Address

Jalan Tambak Sawah No. 21-23, Waru, Sidoarjo, IDN, 61256

Website

https://www.siantartop.co.id

PT Siantar Top Tbk is a snack manufacturing company. It is principally engaged in the manufacturing of snacks such as crackers, noodles, candies, biscuits, and wafers. It has two operating segments include the food processing segment primarily from the sales of rice, crackers, biscuits, wafers, and candy, and other segments arise primarily from the sales of flour and seasoning. The majority of the revenue is made from the food processing segment.

PT Siantar Top Tbk Headlines

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