PT Waskita Karya (Persero) Tbk (ISX:WSKT) Receivables Turnover : 0.26 (As of Mar. 2024)

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What is PT Waskita 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 Waskita Karya (Persero) Tbk's Revenue for the three months ended in Mar. 2024 was Rp2,177,893 Mil. PT Waskita Karya (Persero) Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp8,485,429 Mil. Hence, PT Waskita Karya (Persero) Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 0.26.

PT Waskita Karya (Persero) Tbk Receivables Turnover Historical Data

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

PT Waskita Karya (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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1.16

1.06

0.88

1.22

1.16

PT Waskita 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															0.24	0.24	0.26	0.36	0.26

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

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

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

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

PT Waskita Karya (Persero) Tbk Receivables Turnover Calculation

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

PT Waskita 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 )
=	10954693.035	/ (	(11208711.42	+	7637300.265)	/	2 )
=	10954693.035	/	9423005.8425
=	1.16

PT Waskita 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 )
=	2177892.693	/ (	(7637300.265	+	9333558.253)	/	2 )
=	2177892.693	/	8485429.259
=	0.26

PT Waskita Karya (Persero) Tbk (ISX:WSKT) 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 Waskita Karya (Persero) Tbk Receivables Turnover Related Terms

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PT Waskita Karya (Persero) Tbk (ISX:WSKT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Letjen M.T. Haryono Kav. 10, RT 11/RW 11, Cawang, Kramat Jati, Cipinang Cempedak, Jatinegara, Kota Jakarta Timur, Daerah Khusus Ibuk, Jakarta, IDN, 13340

Website

https://www.waskita.co.id

PT Waskita Karya (Persero) Tbk is a state-owned enterprise (Indonesia) that provides services for construction, toll roads, property development, and the energy industry. In the construction sector, services are related to building projects, civil projects, engineering, procurement, and construction. Waskita Karya operates five Constructions, Building Rental, Toll, Property and Hotel, Precast, and Others Infrastructure.

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