PT Barito Renewables Energy Tbk (ISX:BREN) Receivables Turnover : 5.16 (As of Dec. 2023)

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What is PT Barito Renewables Energy 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 Barito Renewables Energy Tbk's Revenue for the six months ended in Dec. 2023 was Rp9,171,545 Mil. PT Barito Renewables Energy Tbk's average Accounts Receivable for the six months ended in Dec. 2023 was Rp1,777,176 Mil. Hence, PT Barito Renewables Energy Tbk's Receivables Turnover for the six months ended in Dec. 2023 was 5.16.

PT Barito Renewables Energy Tbk Receivables Turnover Historical Data

The historical data trend for PT Barito Renewables Energy 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 Barito Renewables Energy Tbk Receivables Turnover Chart

PT Barito Renewables Energy Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

5.37

5.71

5.47

PT Barito Renewables Energy Tbk Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	5.37	5.71	5.47	5.16

Competitive Comparison of PT Barito Renewables Energy Tbk's Receivables Turnover

For the Utilities - Renewable subindustry, PT Barito Renewables Energy 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 Barito Renewables Energy Tbk's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PT Barito Renewables Energy Tbk's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PT Barito Renewables Energy Tbk's Receivables Turnover falls into.

PT Barito Renewables Energy Tbk Receivables Turnover Calculation

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

PT Barito Renewables Energy Tbk's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	8963216.174	/ (	(1318255.758	+	1958951.497)	/	2 )
=	8963216.174	/	1638603.6275
=	5.47

PT Barito Renewables Energy 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 )
=	9171544.544	/ (	(1958951.497	+	1595401.101)	/	2 )
=	9171544.544	/	1777176.299
=	5.16

PT Barito Renewables Energy Tbk (ISX:BREN) 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 Barito Renewables Energy Tbk Receivables Turnover Related Terms

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PT Barito Renewables Energy Tbk (ISX:BREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PT Barito Renewables Energy Tbk (ISX:BREN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Let. Gen. S. Parman Kav. 60, Wisma Barito Pacific II, 23rd Floor, Jakarta, IDN, 11410

Website

https://www.baritorenewables.co.id

PT Barito Renewables Energy Tbk focuses on a long-term strategy to provide cleaner energy and lower emissions and supports Indonesia's targets for the transition to Net Zero Emissions.

PT Barito Renewables Energy Tbk (ISX:BREN) Headlines

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