PT Arwana Citramulia Tbk (PT Arwana Citramulia Tbk) Receivables Turnover : 0.74 (As of Mar. 2024)

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What is PT Arwana Citramulia 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 Arwana Citramulia Tbk's Revenue for the three months ended in Mar. 2024 was $41.01 Mil. PT Arwana Citramulia Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was $55.66 Mil. Hence, PT Arwana Citramulia Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 0.74.

PT Arwana Citramulia Tbk Receivables Turnover Historical Data

The historical data trend for PT Arwana Citramulia 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 Arwana Citramulia Tbk Receivables Turnover Chart

PT Arwana Citramulia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.29

3.87

3.92

3.48

3.11

PT Arwana Citramulia 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															0.88	0.69	0.72	0.72	0.74

Competitive Comparison of PT Arwana Citramulia Tbk's Receivables Turnover

For the Building Products & Equipment subindustry, PT Arwana Citramulia 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 Arwana Citramulia Tbk's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, PT Arwana Citramulia Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Arwana Citramulia Tbk's Receivables Turnover falls into.

PT Arwana Citramulia Tbk Receivables Turnover Calculation

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

PT Arwana Citramulia 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 )
=	158.76	/ (	(46.673	+	55.499)	/	2 )
=	158.76	/	51.086
=	3.11

PT Arwana Citramulia 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 )
=	41.011	/ (	(55.499	+	55.821)	/	2 )
=	41.011	/	55.66
=	0.74

PT Arwana Citramulia Tbk (OTCPK:PTWCF) 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 Arwana Citramulia Tbk Receivables Turnover Related Terms

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PT Arwana Citramulia Tbk (PT Arwana Citramulia Tbk) Business Description

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ARNA:Indonesia

Address

Sentra Niaga Puri Indah Blok T2 No. 24, Kembangan Selatan, Jakarta, IDN, 11610

Website

https://www.arwanacitra.com

PT Arwana Citramulia Tbk manufactures and distributes ceramic tiles in Indonesia. Its products include marble, plain, granite, strata, rustic, decorative, and wood. The company sells its products under the Arwana Ceramic Tiles brand through distributors and retail outlets. Business activity functions through nearly every city and the main town in Indonesia together with thousands of retail outlets. Revenue for the organization is derived solely from the sale of products.