PT Wijaya Karya (Persero) Tbk (ISX:WIKA) Receivables Turnover : 0.50 (As of Mar. 2024)

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What is PT Wijaya Karya (Persero) 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 Wijaya Karya (Persero) Tbk's Revenue for the three months ended in Mar. 2024 was Rp3,531,654 Mil. PT Wijaya Karya (Persero) Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp7,055,136 Mil. Hence, PT Wijaya Karya (Persero) Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 0.50.

PT Wijaya Karya (Persero) Tbk Receivables Turnover Historical Data

The historical data trend for PT Wijaya Karya (Persero) 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 Wijaya Karya (Persero) Tbk Receivables Turnover Chart

PT Wijaya Karya (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.58

1.30

2.26

2.65

2.82

PT Wijaya Karya (Persero) 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															0.51	0.56	0.67	0.96	0.50

Competitive Comparison of PT Wijaya Karya (Persero) Tbk's Receivables Turnover

For the Engineering & Construction subindustry, PT Wijaya Karya (Persero) 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 Wijaya Karya (Persero) Tbk's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Wijaya Karya (Persero) Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Wijaya Karya (Persero) Tbk's Receivables Turnover falls into.

PT Wijaya Karya (Persero) Tbk Receivables Turnover Calculation

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

PT Wijaya Karya (Persero) 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 )
=	22530355.784	/ (	(8630529.644	+	7345467.029)	/	2 )
=	22530355.784	/	7987998.3365
=	2.82

PT Wijaya Karya (Persero) 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 )
=	3531653.909	/ (	(7345467.029	+	6764805.467)	/	2 )
=	3531653.909	/	7055136.248
=	0.50

PT Wijaya Karya (Persero) Tbk (ISX:WIKA) 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 Wijaya Karya (Persero) Tbk Receivables Turnover Related Terms

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PT Wijaya Karya (Persero) Tbk (ISX:WIKA) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PT Wijaya Karya (Persero) Tbk (ISX:WIKA) » Definitions » Receivables Turnover

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Address

Jalan D.I. Panjaitan Kav. 9-10, WIKA Tower 1 & 2, Jakarta, IDN, 13340

Website

https://www.wika.co.id

PT Wijaya Karya (Persero) Tbk is an engineering and construction firm focusing on construction, large infrastructure projects, energy plants, real estate, and other developments. It constructs transportation networks for public systems and builds residential and commercial buildings for various end markets. The company works throughout the entire construction process, from planning and design to building and repairing existing structures. Wijaya Karya has five business segments: infrastructure and buildings, energy and industrial plants, Investment, realty and property, and industry. The company is controlled by the Indonesian government.

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