PT Lovina Beach Brewery Tbk (ISX:STRK) Receivables Turnover : 2.65 (As of Dec. 2023)

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What is PT Lovina Beach Brewery 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 Lovina Beach Brewery Tbk's Revenue for the six months ended in Dec. 2023 was Rp39,284 Mil. PT Lovina Beach Brewery Tbk's average Accounts Receivable for the six months ended in Dec. 2023 was Rp14,801 Mil. Hence, PT Lovina Beach Brewery Tbk's Receivables Turnover for the six months ended in Dec. 2023 was 2.65.

PT Lovina Beach Brewery Tbk Receivables Turnover Historical Data

The historical data trend for PT Lovina Beach Brewery 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 Lovina Beach Brewery Tbk Receivables Turnover Chart

PT Lovina Beach Brewery Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

0.27

0.42

1.52

2.65

PT Lovina Beach Brewery Tbk Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	0.27	0.42	1.52	2.65

Competitive Comparison of PT Lovina Beach Brewery Tbk's Receivables Turnover

For the Beverages - Brewers subindustry, PT Lovina Beach Brewery 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 Lovina Beach Brewery Tbk's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, PT Lovina Beach Brewery Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Lovina Beach Brewery Tbk's Receivables Turnover falls into.

PT Lovina Beach Brewery Tbk Receivables Turnover Calculation

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

PT Lovina Beach Brewery 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 )
=	39284.096	/ (	(15498.66	+	14104.11)	/	2 )
=	39284.096	/	14801.385
=	2.65

PT Lovina Beach Brewery Tbk's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	39284.096	/ (	(15498.66	+	14104.11)	/	2 )
=	39284.096	/	14801.385
=	2.65

PT Lovina Beach Brewery Tbk (ISX:STRK) 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 Lovina Beach Brewery Tbk Receivables Turnover Related Terms

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PT Lovina Beach Brewery Tbk (ISX:STRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » PT Lovina Beach Brewery Tbk (ISX:STRK) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Jl. Tukad Banyu Poh 110X, Sesetan, Selatan, Denpasar, IDN, 80223

Website

https://www.lovinabeachbrewery.com

PT Lovina Beach Brewery Tbk producer and distributor of local alcoholic beverages in Indonesia. The main focus in providing unique and authentic experiences to customers, while supporting the growth of local industry.

PT Lovina Beach Brewery Tbk (ISX:STRK) Headlines

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