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PT IMC Pelita Logistik Tbk (ISX:PSSI) Receivables Turnover : 1.81 (As of Mar. 2024)


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What is PT IMC Pelita Logistik 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 IMC Pelita Logistik Tbk's Revenue for the three months ended in Mar. 2024 was Rp318,664 Mil. PT IMC Pelita Logistik Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp175,573 Mil. Hence, PT IMC Pelita Logistik Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 1.81.


PT IMC Pelita Logistik Tbk Receivables Turnover Historical Data

The historical data trend for PT IMC Pelita Logistik 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 IMC Pelita Logistik Tbk Receivables Turnover Chart

PT IMC Pelita Logistik Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 7.16 6.35 9.59 10.89 9.37

PT IMC Pelita Logistik 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 2.61 2.22 2.38 2.03 1.81

Competitive Comparison of PT IMC Pelita Logistik Tbk's Receivables Turnover

For the Marine Shipping subindustry, PT IMC Pelita Logistik 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 IMC Pelita Logistik Tbk's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, PT IMC Pelita Logistik Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT IMC Pelita Logistik Tbk's Receivables Turnover falls into.



PT IMC Pelita Logistik Tbk Receivables Turnover Calculation

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

PT IMC Pelita Logistik 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 )
=1578458.925 / ((147493.971 + 189370.056) / 2 )
=1578458.925 / 168432.0135
=9.37

PT IMC Pelita Logistik 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 )
=318663.988 / ((189370.056 + 161775.429) / 2 )
=318663.988 / 175572.7425
=1.81

* 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 IMC Pelita Logistik Tbk  (ISX:PSSI) 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 IMC Pelita Logistik Tbk Receivables Turnover Related Terms

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PT IMC Pelita Logistik Tbk (ISX:PSSI) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Jend. Sudirman Kav. 5-6, Astra Tower 23rd Floor, Jakarta, IDN, 10220
PT IMC Pelita Logistik Tbk provides logistics and sea transportation solutions to coal mining companies in Indonesia.

PT IMC Pelita Logistik Tbk (ISX:PSSI) Headlines

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