PT Maja Agung Latexindo Tbk (ISX:SURI) Receivables Turnover : 0.53 (As of Mar. 2024)

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What is PT Maja Agung Latexindo 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 Maja Agung Latexindo Tbk's Revenue for the three months ended in Mar. 2024 was Rp26,798 Mil. PT Maja Agung Latexindo Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp50,429 Mil. Hence, PT Maja Agung Latexindo Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 0.53.

PT Maja Agung Latexindo Tbk Receivables Turnover Historical Data

The historical data trend for PT Maja Agung Latexindo 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 Maja Agung Latexindo Tbk Receivables Turnover Chart

PT Maja Agung Latexindo Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.10

5.15

1.97

2.35

PT Maja Agung Latexindo Tbk Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	-	0.15	-	0.53

Competitive Comparison of PT Maja Agung Latexindo Tbk's Receivables Turnover

For the Medical Instruments & Supplies subindustry, PT Maja Agung Latexindo 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 Maja Agung Latexindo Tbk's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, PT Maja Agung Latexindo Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Maja Agung Latexindo Tbk's Receivables Turnover falls into.

PT Maja Agung Latexindo Tbk Receivables Turnover Calculation

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

PT Maja Agung Latexindo 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 )
=	81718.159	/ (	(24889.334	+	44687.387)	/	2 )
=	81718.159	/	34788.3605
=	2.35

PT Maja Agung Latexindo 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 )
=	26798.366	/ (	(44687.387	+	56170.888)	/	2 )
=	26798.366	/	50429.1375
=	0.53

PT Maja Agung Latexindo Tbk (ISX:SURI) 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 Maja Agung Latexindo Tbk Receivables Turnover Related Terms

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PT Maja Agung Latexindo Tbk (ISX:SURI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PT Maja Agung Latexindo Tbk (ISX:SURI) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Utama No 98, Desa Pujimulyo, Kecamatan Sunggal, Kabupaten Deli Serdang, Sumatera Utara, IDN, 20352

Website

https://www.malgloves.com

PT Maja Agung Latexindo Tbk is engaged in the filed of manufacturing, especially producing medical gloves. The business activities of the company is to engage in rubber goods industry to support health needs, including contraceptive covers, pacifiers, compression devices, medical gloves and urinary catheters.