PT FKS Multi Agro Tbk (ISX:FISH) Receivables Turnover : 4.17 (As of Mar. 2024)

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What is PT FKS Multi Agro 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 FKS Multi Agro Tbk's Revenue for the three months ended in Mar. 2024 was Rp6,011,035 Mil. PT FKS Multi Agro Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp1,442,559 Mil. Hence, PT FKS Multi Agro Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 4.17.

PT FKS Multi Agro Tbk Receivables Turnover Historical Data

The historical data trend for PT FKS Multi Agro 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 FKS Multi Agro Tbk Receivables Turnover Chart

PT FKS Multi Agro Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.81

12.07

15.83

20.58

16.29

PT FKS Multi Agro 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															4.35	4.59	4.69	4.10	4.17

Competitive Comparison of PT FKS Multi Agro Tbk's Receivables Turnover

For the Farm Products subindustry, PT FKS Multi Agro 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 FKS Multi Agro Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT FKS Multi Agro Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT FKS Multi Agro Tbk's Receivables Turnover falls into.

PT FKS Multi Agro Tbk Receivables Turnover Calculation

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

PT FKS Multi Agro 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 )
=	21598345.556	/ (	(1293875.76	+	1357100.683)	/	2 )
=	21598345.556	/	1325488.2215
=	16.29

PT FKS Multi Agro 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 )
=	6011034.768	/ (	(1357100.683	+	1528017.796)	/	2 )
=	6011034.768	/	1442559.2395
=	4.17

PT FKS Multi Agro Tbk (ISX:FISH) 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 FKS Multi Agro Tbk Receivables Turnover Related Terms

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PT FKS Multi Agro Tbk (ISX:FISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT FKS Multi Agro Tbk (ISX:FISH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Jend. Sudirman Kav. 5-6, Menara Astra, 28th Floor, Jakarta Pusat, Jakarta, IDN, 10220

Website

https://www.fksmultiagro.com

PT FKS Multi Agro Tbk is an Indonesia-based company engaged in the distribution and trading of grains, oilseeds, and feed ingredients. It supplies oilseed meals, animal protein meals, and co-products of grain milling for the animal feed industry. The company deals with food products such as rice, soybean and cooking oil. In addition, the company also provides a logistic solution for the importation and distribution of dry bulk commodities. The group's business activities are classified into three business segments consisting of Trading and distribution, Manufacturing and logistics, of which the majority of the revenue is derived from the Trading and distribution segment. The organization generates key revenue from Indonesia.

PT FKS Multi Agro Tbk (ISX:FISH) Headlines

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