PT Adaro Minerals Indonesia Tbk (ISX:ADMR) Receivables Turnover : 1.80 (As of Mar. 2024)

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What is PT Adaro Minerals Indonesia 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 Adaro Minerals Indonesia Tbk's Revenue for the three months ended in Mar. 2024 was Rp4,232,245 Mil. PT Adaro Minerals Indonesia Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp2,352,982 Mil. Hence, PT Adaro Minerals Indonesia Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 1.80.

PT Adaro Minerals Indonesia Tbk Receivables Turnover Historical Data

The historical data trend for PT Adaro Minerals Indonesia 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 Adaro Minerals Indonesia Tbk Receivables Turnover Chart

PT Adaro Minerals Indonesia Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.15

22.07

9.85

12.59

8.76

PT Adaro Minerals Indonesia Tbk Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											2.63	2.58	4.24	2.97	1.80

Competitive Comparison of PT Adaro Minerals Indonesia Tbk's Receivables Turnover

For the Thermal Coal subindustry, PT Adaro Minerals Indonesia 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 Adaro Minerals Indonesia Tbk's Receivables Turnover Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Adaro Minerals Indonesia Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Adaro Minerals Indonesia Tbk's Receivables Turnover falls into.

PT Adaro Minerals Indonesia Tbk Receivables Turnover Calculation

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

PT Adaro Minerals Indonesia 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 )
=	16741182.437	/ (	(1009742.216	+	2812493.737)	/	2 )
=	16741182.437	/	1911117.9765
=	8.76

PT Adaro Minerals Indonesia 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 )
=	4232245.016	/ (	(2812493.737	+	1893469.323)	/	2 )
=	4232245.016	/	2352981.53
=	1.80

PT Adaro Minerals Indonesia Tbk (ISX:ADMR) 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 Adaro Minerals Indonesia Tbk Receivables Turnover Related Terms

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PT Adaro Minerals Indonesia Tbk (ISX:ADMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » PT Adaro Minerals Indonesia Tbk (ISX:ADMR) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Cyber 2 Tower Lt.34 Jl. Rasuna Said, Blok X-5 No.13 Kel Kuningan Timur, Kec Setiabudi, Prov DKI, Kota Adm Jakarta Selatan, Jakarta, IDN

Website

https://www.adarominerals.id

PT Adaro Minerals Indonesia Tbk is engaged in metallurgical coal mining, and minerals mining and processing businesses. The company's business operations comprise coal mining and other services.

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