PT Fap Agri Tbk (ISX:FAPA) Receivables Turnover : 7.64 (As of Mar. 2024)

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What is PT Fap Agri 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 Fap Agri Tbk's Revenue for the three months ended in Mar. 2024 was Rp1,198,431 Mil. PT Fap Agri Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp156,915 Mil. Hence, PT Fap Agri Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 7.64.

PT Fap Agri Tbk Receivables Turnover Historical Data

The historical data trend for PT Fap Agri 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 Fap Agri Tbk Receivables Turnover Chart

PT Fap Agri Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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29.70

40.82

70.22

55.35

33.71

PT Fap Agri Tbk Quarterly Data
	Dec17	Dec18	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															10.46	7.27	6.51	10.12	7.64

Competitive Comparison of PT Fap Agri Tbk's Receivables Turnover

For the Farm Products subindustry, PT Fap Agri 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 Fap Agri Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Fap Agri Tbk's Receivables Turnover distribution charts can be found below:

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

PT Fap Agri Tbk Receivables Turnover Calculation

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

PT Fap Agri 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 )
=	5062243.74	/ (	(121356.153	+	178969.428)	/	2 )
=	5062243.74	/	150162.7905
=	33.71

PT Fap Agri 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 )
=	1198430.547	/ (	(178969.428	+	134861.21)	/	2 )
=	1198430.547	/	156915.319
=	7.64

PT Fap Agri Tbk (ISX:FAPA) 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 Fap Agri Tbk Receivables Turnover Related Terms

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PT Fap Agri Tbk (ISX:FAPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Fap Agri Tbk (ISX:FAPA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liberty Tower 16th Floor A-H, Gold Coast Building, Jl. Pantai Indah Kapuk, RT06/RW02, Kamal Muara, Penjaringan, Jakarta, IDN, 11470

Website

https://www.fap-agri.com

PT Fap Agri Tbk is involved in the production of agricultural products. The company is engaged in Palm Oil Plantation and Industry Activities through Subsidiaries. FAP Agri Group operations cover activities such as oil palm plantation, palm oil mill, and kernel crushing plant. The products are Fresh Fruit Bunches, Crude Palm Oil, Palm Kernel Oil, Palm Kernel, and Palm Kernel Expeller.

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