PIKQF (PT Indah Kiat Pulp & Paper Tbk) Receivables Turnover : 0.47 (As of Sep. 2024)

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What is PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk's Revenue for the three months ended in Sep. 2024 was $818 Mil. PT Indah Kiat Pulp & Paper Tbk's average Accounts Receivable for the three months ended in Sep. 2024 was $1,746 Mil. Hence, PT Indah Kiat Pulp & Paper Tbk's Receivables Turnover for the three months ended in Sep. 2024 was 0.47.

PT Indah Kiat Pulp & Paper Tbk Receivables Turnover Historical Data

The historical data trend for PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk Receivables Turnover Chart

PT Indah Kiat Pulp & Paper Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.85

2.42

2.60

2.48

1.98

PT Indah Kiat Pulp & Paper Tbk Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.38	0.44	0.47	0.47	0.47

Competitive Comparison of PT Indah Kiat Pulp & Paper Tbk's Receivables Turnover

For the Paper & Paper Products subindustry, PT Indah Kiat Pulp & Paper 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 Indah Kiat Pulp & Paper Tbk's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, PT Indah Kiat Pulp & Paper Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Indah Kiat Pulp & Paper Tbk's Receivables Turnover falls into.

PT Indah Kiat Pulp & Paper Tbk Receivables Turnover Calculation

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

PT Indah Kiat Pulp & Paper 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 )
=	3479.018	/ (	(1819.927	+	1695.343)	/	2 )
=	3479.018	/	1757.635
=	1.98

PT Indah Kiat Pulp & Paper Tbk's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	817.786	/ (	(1676.426	+	1815.734)	/	2 )
=	817.786	/	1746.08
=	0.47

PT Indah Kiat Pulp & Paper Tbk (OTCPK:PIKQF) 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 Indah Kiat Pulp & Paper Tbk Receivables Turnover Related Terms

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PT Indah Kiat Pulp & Paper Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » PT Indah Kiat Pulp & Paper Tbk (OTCPK:PIKQF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

INKP:Indonesia IKP:Germany

Address

Jalan M.H. Thamrin No. 51, Gedung Sinar Mas Land Plaza, Tower 2, 9th Floor, Gondangdia, Mentang, Jakarta Pusat, Jakarta, IDN, 10350

Website

https://www.asiapulppaper.com

PT Indah Kiat Pulp & Paper Tbk manufactures paper, pulp, and packaging paper. The company's operating segment includes cultural paper and pulp and industrial paper and tissue products. Its cultural paper and pulp products segment consists of cultural paper and other related cultural paper products and pulp. The industrial paper products segment consists of linerboard, corrugating medium, corrugated shipping containers, and boxboard. Geographically, it derives a majority of its revenue from Asia and also has a presence in Europe; America; the Middle East; Africa, and Australia. It generates maximum revenue from the cultural paper and pulp segment.

PT Indah Kiat Pulp & Paper Tbk Headlines

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