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PT Panca Budi Idaman Tbk (ISX:PBID) Receivables Turnover : 3.36 (As of Mar. 2024)


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What is PT Panca Budi Idaman 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 Panca Budi Idaman Tbk's Revenue for the three months ended in Mar. 2024 was Rp1,283,864 Mil. PT Panca Budi Idaman Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp381,953 Mil. Hence, PT Panca Budi Idaman Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 3.36.


PT Panca Budi Idaman Tbk Receivables Turnover Historical Data

The historical data trend for PT Panca Budi Idaman 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.

* Premium members only.

PT Panca Budi Idaman Tbk Receivables Turnover Chart

PT Panca Budi Idaman Tbk Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.49 13.59 15.07 15.16 13.45

PT Panca Budi Idaman 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 3.42 3.06 3.31 3.46 3.36

Competitive Comparison of PT Panca Budi Idaman Tbk's Receivables Turnover

For the Packaging & Containers subindustry, PT Panca Budi Idaman 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 Panca Budi Idaman Tbk's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, PT Panca Budi Idaman Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Panca Budi Idaman Tbk's Receivables Turnover falls into.



PT Panca Budi Idaman Tbk Receivables Turnover Calculation

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

PT Panca Budi Idaman 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 )
=4703224.343 / ((339010.229 + 360453.916) / 2 )
=4703224.343 / 349732.0725
=13.45

PT Panca Budi Idaman 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 )
=1283863.709 / ((360453.916 + 403452.109) / 2 )
=1283863.709 / 381953.0125
=3.36

* 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 Panca Budi Idaman Tbk  (ISX:PBID) 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 Panca Budi Idaman Tbk Receivables Turnover Related Terms

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PT Panca Budi Idaman Tbk (ISX:PBID) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Daan Mogot Raya, Km 19, 6 Blok D No.8 A-D, Kawasan Pusat Niaga Terpadu, Tangerang, IDN, 15122
PT Panca Budi Idaman Tbk manufactures and distributes plastic packaging items in Indonesia. It's business activities are divided into three segments: plastic resin, plastic packaging, and others. The product portfolio of the company comprises of Polyethylene, Polypropylene, High-Density Polyethylene, Heavy Duty Sacks and other products. It generates a vast majority of revenues from the plastic packaging segment.

PT Panca Budi Idaman Tbk (ISX:PBID) Headlines

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