PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) Receivables Turnover : 5.52 (As of Mar. 2024)

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What is PT Japfa Comfeed 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 Japfa Comfeed Indonesia Tbk's Revenue for the three months ended in Mar. 2024 was Rp13,925,495 Mil. PT Japfa Comfeed Indonesia Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp2,521,086 Mil. Hence, PT Japfa Comfeed Indonesia Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 5.52.

PT Japfa Comfeed Indonesia Tbk Receivables Turnover Historical Data

The historical data trend for PT Japfa Comfeed 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.

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PT Japfa Comfeed Indonesia Tbk Receivables Turnover Chart

PT Japfa Comfeed Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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18.75

18.17

21.23

20.61

21.05

PT Japfa Comfeed 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															4.93	5.28	5.76	5.52	5.52

Competitive Comparison of PT Japfa Comfeed Indonesia Tbk's Receivables Turnover

For the Farm Products subindustry, PT Japfa Comfeed 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 Japfa Comfeed Indonesia Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

PT Japfa Comfeed Indonesia Tbk Receivables Turnover Calculation

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

PT Japfa Comfeed 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 )
=	51175898	/ (	(2405250	+	2456138)	/	2 )
=	51175898	/	2430694
=	21.05

PT Japfa Comfeed 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 )
=	13925495	/ (	(2456138	+	2586033)	/	2 )
=	13925495	/	2521085.5
=	5.52

PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) 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 Japfa Comfeed Indonesia Tbk Receivables Turnover Related Terms

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PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan M.T. Haryono Kav. 16, Wisma Millenia Lantai 7, Jakarta, IDN, 12810

Website

https://www.japfacomfeed.co.id

PT Japfa Comfeed Indonesia Tbk is a farm products company that primarily produces animal feed. The company has six business segments: Animal feed, Poultry breeding, Commercial farm and Poultry processing, Aquaculture, Trading, and Others. The company's activities include production and marketing of animal feed products, breeding poultry, running broiler farms and chicken slaughtering, processing and selling chicken meat, shrimp and freshwater fish breeding, beef cattle breeding and meat production, and provision of animal vaccine units, freight business units, among others. A vast majority of the company's revenue is generated by the Animal feed and Commercial farm and poultry processing business segments combined.

PT Japfa Comfeed Indonesia Tbk (ISX:JPFA) Headlines

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