PT Diamond Food Indonesia Tbk (ISX:DMND) Receivables Turnover : 2.16 (As of Mar. 2024)

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What is PT Diamond Food 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 Diamond Food Indonesia Tbk's Revenue for the three months ended in Mar. 2024 was Rp2,427,027 Mil. PT Diamond Food Indonesia Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp1,123,900 Mil. Hence, PT Diamond Food Indonesia Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 2.16.

PT Diamond Food Indonesia Tbk Receivables Turnover Historical Data

The historical data trend for PT Diamond Food 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 Diamond Food Indonesia Tbk Receivables Turnover Chart

PT Diamond Food Indonesia Tbk Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.73

6.09

7.40

8.65

8.93

PT Diamond Food Indonesia 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															2.36	2.40	2.52	2.49	2.16

Competitive Comparison of PT Diamond Food Indonesia Tbk's Receivables Turnover

For the Packaged Foods subindustry, PT Diamond Food 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 Diamond Food Indonesia Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Diamond Food Indonesia Tbk's Receivables Turnover distribution charts can be found below:

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

PT Diamond Food Indonesia Tbk Receivables Turnover Calculation

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

PT Diamond Food 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 )
=	9239926	/ (	(978479	+	1091618)	/	2 )
=	9239926	/	1035048.5
=	8.93

PT Diamond Food 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 )
=	2427027	/ (	(1091618	+	1156181)	/	2 )
=	2427027	/	1123899.5
=	2.16

PT Diamond Food Indonesia Tbk (ISX:DMND) 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 Diamond Food Indonesia Tbk Receivables Turnover Related Terms

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PT Diamond Food Indonesia Tbk (ISX:DMND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Diamond Food Indonesia Tbk (ISX:DMND) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan KH Mas Mansyur Kav, 126TCC Batavia Tower One, 15th Floor, Unit 03 and 05, TCC Batavia Tower One, Jakarta Pusat, Jakarta, IDN, 10220

Website

https://www.diamondfoodindonesia.com

PT Diamond Food Indonesia Tbk is engaged in the manufacturing and distribution of consumer goods. Its products include dairy, confectionery, meats and seafood, bakery, groceries as well as fruits and vegetables. The company categorizes its business into two segments that are branded products and non-branded products, out of which the majority of the revenue is generated from branded products. Some of the company's brands include Biggy, Biokul, Diamond Juice, Popeye, and Magic. It also collaborates with international brands and distributes its products. Geographically the company generates the majority of revenue in Indonesia and also exports internationally.