PT Teladan Prima Agro Tbk (ISX:TLDN) Receivables Turnover : 22.46 (As of Mar. 2024)

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What is PT Teladan Prima Agro 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 Teladan Prima Agro Tbk's Revenue for the three months ended in Mar. 2024 was Rp858,644 Mil. PT Teladan Prima Agro Tbk's average Accounts Receivable for the three months ended in Mar. 2024 was Rp38,225 Mil. Hence, PT Teladan Prima Agro Tbk's Receivables Turnover for the three months ended in Mar. 2024 was 22.46.

PT Teladan Prima Agro Tbk Receivables Turnover Historical Data

The historical data trend for PT Teladan Prima Agro 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 Teladan Prima Agro Tbk Receivables Turnover Chart

PT Teladan Prima Agro Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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51.64

54.64

92.32

105.17

100.72

PT Teladan Prima Agro Tbk Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												14.12	11.44	10.79	16.84	22.46

Competitive Comparison of PT Teladan Prima Agro Tbk's Receivables Turnover

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

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

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

PT Teladan Prima Agro Tbk Receivables Turnover Calculation

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

PT Teladan Prima Agro 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 )
=	4007082.262	/ (	(46803.09	+	32768.572)	/	2 )
=	4007082.262	/	39785.831
=	100.72

PT Teladan Prima Agro 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 )
=	858644.407	/ (	(32768.572	+	43681.701)	/	2 )
=	858644.407	/	38225.1365
=	22.46

PT Teladan Prima Agro Tbk (ISX:TLDN) 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 Teladan Prima Agro Tbk Receivables Turnover Related Terms

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PT Teladan Prima Agro Tbk (ISX:TLDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Teladan Prima Agro Tbk (ISX:TLDN) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jl. TB Simatupang No.41, Beltway Office Park, Tower B, 7th Floor, South Jakarta, IDN, 12550

Website

https://www.teladanprima.com

PT Teladan Prima Agro Tbk is an agribusiness focused on managing sustainable palm oil plantations, mills, and renewable energy. The company is strategically located in East Kalimantan Province, specifically in the Regency of Berau, East Kutai, Paser, and Kutai Kartanegara.

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