PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) Receivables Turnover : 3.58 (As of Mar. 2024)

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What is PT Industri Dan Perdagangan Bintraco Dharma 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 Industri Dan Perdagangan Bintraco Dharma Tbk's Revenue for the three months ended in Mar. 2024 was Rp1,650,533 Mil. PT Industri Dan Perdagangan Bintraco Dharma Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp460,787 Mil. Hence, PT Industri Dan Perdagangan Bintraco Dharma Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 3.58.

PT Industri Dan Perdagangan Bintraco Dharma Tbk Receivables Turnover Historical Data

The historical data trend for PT Industri Dan Perdagangan Bintraco Dharma 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 Industri Dan Perdagangan Bintraco Dharma Tbk Receivables Turnover Chart

PT Industri Dan Perdagangan Bintraco Dharma Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.69

9.02

15.81

15.04

16.01

PT Industri Dan Perdagangan Bintraco Dharma 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															3.96	3.38	3.34	4.11	3.58

Competitive Comparison of PT Industri Dan Perdagangan Bintraco Dharma Tbk's Receivables Turnover

For the Auto & Truck Dealerships subindustry, PT Industri Dan Perdagangan Bintraco Dharma 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 Industri Dan Perdagangan Bintraco Dharma Tbk's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PT Industri Dan Perdagangan Bintraco Dharma Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Industri Dan Perdagangan Bintraco Dharma Tbk's Receivables Turnover falls into.

PT Industri Dan Perdagangan Bintraco Dharma Tbk Receivables Turnover Calculation

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

PT Industri Dan Perdagangan Bintraco Dharma 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 )
=	6485021.03	/ (	(360483.79	+	449868.648)	/	2 )
=	6485021.03	/	405176.219
=	16.01

PT Industri Dan Perdagangan Bintraco Dharma 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 )
=	1650533.08	/ (	(449868.648	+	471704.519)	/	2 )
=	1650533.08	/	460786.5835
=	3.58

PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) 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 Industri Dan Perdagangan Bintraco Dharma Tbk Receivables Turnover Related Terms

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PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Industri Dan Perdagangan Bintraco Dharma Tbk (ISX:CARS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sunburst CBD Lot II No. 3, BSD City, Gedung CARSWORLD Lantai 8, Lengkong Gudang, Serpong, Banten, South Tangerang Selatan, IDN, 15321

Website

https://www.bintracodharma.com

PT Industri Dan Perdagangan Bintraco Dharma Tbk is an Indonesia-based company that engages in the automotive, financing, and other businesses. The services of the company include the sale of vehicles, the repair of vehicles, financing services related to motor vehicles, spare parts distribution, repair services, and trading activities as well as electronic system management services related to automotive that can be accessed through websites and mobile devices. The company also provides services that include general repair and body repair and paint of motor vehicles and sells spare parts and accessories for Toyota vehicles as part of its after-sales services. The company operates into segments namely, automotive, financing, and after-sales services.