Energy Absolute PCL (BKK:EA) Receivables Turnover : 0.91 (As of Mar. 2024)

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What is Energy Absolute PCL 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. Energy Absolute PCL's Revenue for the three months ended in Mar. 2024 was ฿5,787 Mil. Energy Absolute PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿6,372 Mil. Hence, Energy Absolute PCL's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.

Energy Absolute PCL Receivables Turnover Historical Data

The historical data trend for Energy Absolute PCL'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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Energy Absolute PCL Receivables Turnover Chart

Energy Absolute PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.90

6.31

6.26

7.72

9.78

Energy Absolute PCL 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															1.73	1.52	1.31	1.05	0.91

Competitive Comparison of Energy Absolute PCL's Receivables Turnover

For the Utilities - Renewable subindustry, Energy Absolute PCL'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.

Energy Absolute PCL's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energy Absolute PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Energy Absolute PCL's Receivables Turnover falls into.

Energy Absolute PCL Receivables Turnover Calculation

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

Energy Absolute PCL'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 )
=	30074.437	/ (	(2877.588	+	3273.955)	/	2 )
=	30074.437	/	3075.7715
=	9.78

Energy Absolute PCL'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 )
=	5786.931	/ (	(3273.955	+	9470.503)	/	2 )
=	5786.931	/	6372.229
=	0.91

Energy Absolute PCL (BKK:EA) 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.

Energy Absolute PCL Receivables Turnover Related Terms

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Energy Absolute PCL (BKK:EA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Absolute PCL (BKK:EA) » Definitions » Receivables Turnover

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Address

89, Ratchadaphisek Road, 16th Floor, AIA Capital Center Building, Din Daeng District, Bangkok, THA, 10400

Website

https://www.energyabsolute.co.th

Energy Absolute PCL is a Thailand-based energy company that produces biodiesel and alternative energy and engages in oil trading activities. The Group has five reportable segments which comprises of manufacturing and distributing crude palm oil, biodiesel products, and pure glycerine products, manufacturing and distributing electricity from solar, wind power and biomass, consulting in the project regarding alternative electric energy, manufacturing and distributing electric vehicles, manufacturing and distributing battery and head office and others It generates maximum revenue from the manufacturing and distribution of electricity from the solar and wind power segment from sales located primarily in Thailand.