PT Triputra Agro Persada Tbk (ISX:TAPG) Receivables Turnover : 25.43 (As of Mar. 2024)

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What is PT Triputra Agro Persada 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 Triputra Agro Persada Tbk's Revenue for the three months ended in Mar. 2024 was Rp1,912,011 Mil. PT Triputra Agro Persada Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp75,195 Mil. Hence, PT Triputra Agro Persada Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 25.43.

PT Triputra Agro Persada Tbk Receivables Turnover Historical Data

The historical data trend for PT Triputra Agro Persada 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 Triputra Agro Persada Tbk Receivables Turnover Chart

PT Triputra Agro Persada Tbk Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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46.69

44.43

69.85

103.25

80.72

PT Triputra Agro Persada Tbk Quarterly Data
	Dec17	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															21.25	31.60	42.39	33.87	25.43

Competitive Comparison of PT Triputra Agro Persada Tbk's Receivables Turnover

For the Farm Products subindustry, PT Triputra Agro Persada 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 Triputra Agro Persada Tbk's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Triputra Agro Persada Tbk's Receivables Turnover falls into.

PT Triputra Agro Persada Tbk Receivables Turnover Calculation

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

PT Triputra Agro Persada 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 )
=	8325887	/ (	(121265	+	85020)	/	2 )
=	8325887	/	103142.5
=	80.72

PT Triputra Agro Persada 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 )
=	1912011	/ (	(85020	+	65369)	/	2 )
=	1912011	/	75194.5
=	25.43

PT Triputra Agro Persada Tbk (ISX:TAPG) 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 Triputra Agro Persada Tbk Receivables Turnover Related Terms

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PT Triputra Agro Persada Tbk (ISX:TAPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Triputra Agro Persada Tbk (ISX:TAPG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Jalan DR. Ide Anak Agung Gde Agung, Kav. E.3-2, No. 1, The East Building, 23rd Floor, Kelurahan Kuningan Timur, Kecamatan Setiabudi, Jakarta Selatan, Jakarta, IDN, 12950

Website

https://www.tap-agri.com

PT Triputra Agro Persada Tbk is a palm oil and rubber company located in Sumatera and Kalimantan. Together with its subsidiaries, it is committed towards producing high-quality crude palm oil and palm kernel products to meet domestic and foreign market needs. The company's operating segment includes Crude Palm oil and palm kernel and Rubber. It generates maximum revenue from the Crude Palm oil and palm kernel segment.

PT Triputra Agro Persada Tbk (ISX:TAPG) Headlines

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