PT Mandala Multifinance Tbk (ISX:MFIN) Receivables Turnover : 0.11 (As of Dec. 2023)

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What is PT Mandala Multifinance 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 Mandala Multifinance Tbk's Revenue for the three months ended in Dec. 2023 was Rp550,190 Mil. PT Mandala Multifinance Tbk's average Accounts Receivable for the three months ended in Dec. 2023 was Rp4,963,488 Mil. Hence, PT Mandala Multifinance Tbk's Receivables Turnover for the three months ended in Dec. 2023 was 0.11.

PT Mandala Multifinance Tbk Receivables Turnover Historical Data

The historical data trend for PT Mandala Multifinance 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 Mandala Multifinance Tbk Receivables Turnover Chart

PT Mandala Multifinance Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.39

0.47

0.46

PT Mandala Multifinance Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.12	0.12	0.10	0.11	0.11

Competitive Comparison of PT Mandala Multifinance Tbk's Receivables Turnover

For the Credit Services subindustry, PT Mandala Multifinance 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 Mandala Multifinance Tbk's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PT Mandala Multifinance Tbk's Receivables Turnover distribution charts can be found below:

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

PT Mandala Multifinance Tbk Receivables Turnover Calculation

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

PT Mandala Multifinance 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 )
=	2170598	/ (	(4742659	+	0)	/	1 )
=	2170598	/	4742659
=	0.46

PT Mandala Multifinance Tbk's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	550190	/ (	(4963488	+	0)	/	1 )
=	550190	/	4963488
=	0.11

PT Mandala Multifinance Tbk (ISX:MFIN) 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 Mandala Multifinance Tbk Receivables Turnover Related Terms

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PT Mandala Multifinance Tbk (ISX:MFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PT Mandala Multifinance Tbk (ISX:MFIN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jl. Menteng Raya No. 24 AB, Central Jakarta, Jakarta Pusat, IDN, 10340

Website

https://www.mandalafinance.com

PT Mandala Multifinance Tbk is engaged in conducting business activities in consumer financing solutions for motorcycles, electronics, furniture, and multipurpose needs. Its segments of the company include Conventional and Sharia. Geographically, the company focuses its activities in Indonesia where the regions include Java, Sumatera, Sulawesi, and Kalimantan. It generates the majority of its revenue from the Conventional segment.