PT Bakrie Sumatera Plantations Tbk (ISX:UNSP) Receivables Turnover : 8.62 (As of Mar. 2024)

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What is PT Bakrie Sumatera Plantations 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 Bakrie Sumatera Plantations Tbk's Revenue for the three months ended in Mar. 2024 was Rp474,467 Mil. PT Bakrie Sumatera Plantations Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp55,063 Mil. Hence, PT Bakrie Sumatera Plantations Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 8.62.

PT Bakrie Sumatera Plantations Tbk Receivables Turnover Historical Data

The historical data trend for PT Bakrie Sumatera Plantations 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 Bakrie Sumatera Plantations Tbk Receivables Turnover Chart

PT Bakrie Sumatera Plantations Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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13.05

34.24

112.86

152.51

103.64

PT Bakrie Sumatera Plantations 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															35.87	28.08	20.50	20.71	8.62

Competitive Comparison of PT Bakrie Sumatera Plantations Tbk's Receivables Turnover

For the Farm Products subindustry, PT Bakrie Sumatera Plantations 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 Bakrie Sumatera Plantations Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Bakrie Sumatera Plantations Tbk's Receivables Turnover falls into.

PT Bakrie Sumatera Plantations Tbk Receivables Turnover Calculation

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

PT Bakrie Sumatera Plantations 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 )
=	2405153	/ (	(25064	+	21348)	/	2 )
=	2405153	/	23206
=	103.64

PT Bakrie Sumatera Plantations 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 )
=	474467	/ (	(21348	+	88778)	/	2 )
=	474467	/	55063
=	8.62

PT Bakrie Sumatera Plantations Tbk (ISX:UNSP) 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 Bakrie Sumatera Plantations Tbk Receivables Turnover Related Terms

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PT Bakrie Sumatera Plantations Tbk (ISX:UNSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Bakrie Sumatera Plantations Tbk (ISX:UNSP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

OSW:Germany

Address

Jalan Ir. H. Juanda Kelurahan, Kisaran Timur Kecamatan Kota Kisaran, Timur Kabupaten Asahan, Sumatera Utara, Medan, IDN, 21222

Website

https://www.bakriesumatera.com

PT Bakrie Sumatera Plantations Tbk is engaged in plantations, processing and trading agricultural and industrial products. Its segments include Palm oil and derivatives, Rubber, and Oleochemical. Oleochemicals segment is mainly involved in the business activities relating to oleochemical processing, marketing, and selling. Rubber segment is mainly involved in the development and maintenance of rubber and other business activities relating to rubber processing, marketing, and selling. Palm oil and derivatives segment is mainly involved in the development and maintenance of palm oil and other business activities relating to palm oil processing, marketing, and selling. The company generates majority of the revenue from palm oil and derivatives segment.

PT Bakrie Sumatera Plantations Tbk (ISX:UNSP) Headlines

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