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PT Maha Properti Indonesia Tbk (ISX:MPRO) Receivables Turnover : 0.23 (As of Mar. 2024)


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What is PT Maha Properti 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 Maha Properti Indonesia Tbk's Revenue for the three months ended in Mar. 2024 was Rp868 Mil. PT Maha Properti Indonesia Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp3,776 Mil. Hence, PT Maha Properti Indonesia Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 0.23.

PT Maha Properti Indonesia Tbk Receivables Turnover Historical Data

The historical data trend for PT Maha Properti 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 Maha Properti Indonesia Tbk Receivables Turnover Chart

PT Maha Properti Indonesia Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 189.38 76.36 31.22 6.49 1.67

PT Maha Properti 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.35 0.96 0.40 0.23

Competitive Comparison of PT Maha Properti Indonesia Tbk's Receivables Turnover

For the Real Estate - Development subindustry, PT Maha Properti 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 Maha Properti Indonesia Tbk's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Maha Properti Indonesia Tbk's Receivables Turnover distribution charts can be found below:

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


PT Maha Properti Indonesia Tbk Receivables Turnover Calculation

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

PT Maha Properti 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 )
=5458.044 / ((2253.038 + 4269.795) / 2 )
=5458.044 / 3261.4165
=1.67

PT Maha Properti 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 )
=867.964 / ((4269.795 + 3282.76) / 2 )
=867.964 / 3776.2775
=0.23

* 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.

PT Maha Properti Indonesia Tbk  (ISX:MPRO) 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 Maha Properti Indonesia Tbk Receivables Turnover Related Terms

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PT Maha Properti Indonesia Tbk (ISX:MPRO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PT Maha Properti Indonesia Tbk (ISX:MPRO) » Definitions » Receivables Turnover
Comparable Companies
ISX:CTRA ISX:BSDE ISX:RISE ISX:JRPT ISX:DUTI ISX:SMRA ISX:BKSL ISX:DMAS ISX:ASRI ISX:APLN HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979
Traded in Other Exchanges
N/A
Address
Jalan Jenderal Sudirman Kav. 27, Mayapada Tower 2, 20th Floor, South Jakarta, Jakarta, IDN, 12920
Website
https://www.mahaproperti.co.id
PT Maha Properti Indonesia Tbk is a property developer. The firm's projects are The Kahyangan, Simprug Signature, The Grand Maja, and Tanjung Layar Beachfront City among others. It operates through Apartment, Office, Building management, and Other segments.

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