PT Mustika Ratu Tbk (ISX:MRAT) Receivables Turnover : 0.37 (As of Sep. 2023)

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What is PT Mustika Ratu 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 Mustika Ratu Tbk's Revenue for the three months ended in Sep. 2023 was Rp54,283 Mil. PT Mustika Ratu Tbk's average Accounts Receivable for the three months ended in Sep. 2023 was Rp147,901 Mil. Hence, PT Mustika Ratu Tbk's Receivables Turnover for the three months ended in Sep. 2023 was 0.37.

PT Mustika Ratu Tbk Receivables Turnover Historical Data

The historical data trend for PT Mustika Ratu 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 Mustika Ratu Tbk Receivables Turnover Chart

PT Mustika Ratu Tbk Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.49

1.50

1.48

1.53

1.50

PT Mustika Ratu Tbk Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.26	0.37	0.45	0.59	0.37

Competitive Comparison of PT Mustika Ratu Tbk's Receivables Turnover

For the Household & Personal Products subindustry, PT Mustika Ratu 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 Mustika Ratu Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

PT Mustika Ratu Tbk Receivables Turnover Calculation

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

PT Mustika Ratu 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 )
=	285177.567	/ (	(212825.582	+	166316.482)	/	2 )
=	285177.567	/	189571.032
=	1.50

PT Mustika Ratu Tbk's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	54282.794	/ (	(149248.645	+	146552.987)	/	2 )
=	54282.794	/	147900.816
=	0.37

PT Mustika Ratu Tbk (ISX:MRAT) 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 Mustika Ratu Tbk Receivables Turnover Related Terms

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PT Mustika Ratu Tbk (ISX:MRAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Mustika Ratu Tbk (ISX:MRAT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Gatot Subroto Kav 74-75, Graha Mustika Ratu, Penthouse Floor, Jakarta, IDN, 12870

Website

https://www.mustika-ratu.co.id

PT Mustika Ratu Tbk is a manufacturer of traditional cosmetics and herbal. The scope of the company's activity includes fabrication, trade, and distribution of herbs, cosmetics, and healthy drinks as well as other related business activities. Its segments comprise Manufacturing and Trading and distribution. The company caters to both domestic and international markets. The company provides its products under the brands mustika ratu, mustika puteri, bask, Taman Sari, Java princess, and ratu mas.

PT Mustika Ratu Tbk (ISX:MRAT) Headlines

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