PT Semen Indonesia (Persero) Tbk (ISX:SMGR) Receivables Turnover : 1.64 (As of Mar. 2024)

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What is PT Semen Indonesia (Persero) 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 Semen Indonesia (Persero) Tbk's Revenue for the three months ended in Mar. 2024 was Rp8,375,065 Mil. PT Semen Indonesia (Persero) Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp5,109,962 Mil. Hence, PT Semen Indonesia (Persero) Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

PT Semen Indonesia (Persero) Tbk Receivables Turnover Historical Data

The historical data trend for PT Semen Indonesia (Persero) 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 Semen Indonesia (Persero) Tbk Receivables Turnover Chart

PT Semen Indonesia (Persero) Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.58

5.67

6.32

6.49

6.84

PT Semen Indonesia (Persero) 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															1.84	1.89	2.17	1.96	1.64

Competitive Comparison of PT Semen Indonesia (Persero) Tbk's Receivables Turnover

For the Building Materials subindustry, PT Semen Indonesia (Persero) 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 Semen Indonesia (Persero) Tbk's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, PT Semen Indonesia (Persero) Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Semen Indonesia (Persero) Tbk's Receivables Turnover falls into.

PT Semen Indonesia (Persero) Tbk Receivables Turnover Calculation

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

PT Semen Indonesia (Persero) 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 )
=	38651360	/ (	(5521338	+	5787852)	/	2 )
=	38651360	/	5654595
=	6.84

PT Semen Indonesia (Persero) 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 )
=	8375065	/ (	(5787852	+	4432071)	/	2 )
=	8375065	/	5109961.5
=	1.64

PT Semen Indonesia (Persero) Tbk (ISX:SMGR) 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 Semen Indonesia (Persero) Tbk Receivables Turnover Related Terms

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PT Semen Indonesia (Persero) Tbk (ISX:SMGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Semen Indonesia (Persero) Tbk (ISX:SMGR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PSGTY:USA SMS2:Germany

Address

Jalan R.A. Kartini Kav. 8, South Quarter, Tower A, Lantai 19th - 20th Floor, Cilandak Barat, South Jakarta, Jakarta, IDN, 12430

Website

https://www.sig.id

PT Semen Indonesia (Persero) Tbk is engaged in the manufacturing industry, especially cement & its derivatives, other building materials, as well as related business activities both upstream and downstream. The company operates in two segments; the Cement Production Segment produces and markets cement products in Indonesia, and Vietnam, as well as various export destination countries, including Bangladesh, Australia, the Philippines, Taiwan, China, and several other countries, and The non-cement production segment, consists of mining limestone and clay, manufacturing packaging bags, developing industrial estates, finished and ready-to-use concrete, information system services, logistics, and trading. It generates a majority of its revenue from the cement segment.

PT Semen Indonesia (Persero) Tbk (ISX:SMGR) Headlines

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