PT Tifico Fiber Indonesia Tbk (ISX:TFCO) Receivables Turnover : 2.35 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is PT Tifico Fiber Indonesia 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 Tifico Fiber Indonesia Tbk's Revenue for the three months ended in Mar. 2024 was Rp732,260 Mil. PT Tifico Fiber Indonesia Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp311,912 Mil. Hence, PT Tifico Fiber Indonesia Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 2.35.

PT Tifico Fiber Indonesia Tbk Receivables Turnover Historical Data

The historical data trend for PT Tifico Fiber Indonesia 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 Tifico Fiber Indonesia Tbk Receivables Turnover Chart

PT Tifico Fiber Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.96

8.56

10.55

11.11

10.38

PT Tifico Fiber Indonesia 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															2.52	2.13	2.13	2.13	2.35

Competitive Comparison of PT Tifico Fiber Indonesia Tbk's Receivables Turnover

For the Textile Manufacturing subindustry, PT Tifico Fiber Indonesia 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 Tifico Fiber Indonesia Tbk's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Tifico Fiber Indonesia Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Tifico Fiber Indonesia Tbk's Receivables Turnover falls into.

PT Tifico Fiber Indonesia Tbk Receivables Turnover Calculation

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

PT Tifico Fiber Indonesia 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 )
=	3022659.968	/ (	(294421.626	+	288001.579)	/	2 )
=	3022659.968	/	291211.6025
=	10.38

PT Tifico Fiber Indonesia 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 )
=	732259.661	/ (	(288001.579	+	335821.988)	/	2 )
=	732259.661	/	311911.7835
=	2.35

PT Tifico Fiber Indonesia Tbk (ISX:TFCO) 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 Tifico Fiber Indonesia Tbk Receivables Turnover Related Terms

Thank you for viewing the detailed overview of PT Tifico Fiber Indonesia Tbk's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

PT Tifico Fiber Indonesia Tbk (ISX:TFCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Tifico Fiber Indonesia Tbk (ISX:TFCO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan MH. Thamrin Kel. Panunggangan, Kec. Pinang, Kota Tangerang, Prop. Banten, Tangerang, IDN, 15143

Website

http://www.tifico.co.id

PT Tifico Fiber Indonesia Tbk is an Indonesian company principally engaged in the manufacture of polyester chips, staple fiber and filament yarn and sale and markets those products. Its products include Polyester Filament Yarn (PFY), Polyester Staple Fiber (PSF) and Polyester CHIP which includes semi dull, full dull, bright and cationic dye. The company uses Japanese innovative technology and machinery for producing finest polyester fiber. It manages its business into four segments namely Chip, Staple Fiber, Filament Yarn, and RCL.

PT Tifico Fiber Indonesia Tbk (ISX:TFCO) Headlines

No Headlines