Eastern Star Real Estate PCL (BKK:ESTAR-R) Receivables Turnover : 40.32 (As of Dec. 2023)

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What is Eastern Star Real Estate 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. Eastern Star Real Estate PCL's Revenue for the three months ended in Dec. 2023 was ฿362 Mil. Eastern Star Real Estate PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿9 Mil. Hence, Eastern Star Real Estate PCL's Receivables Turnover for the three months ended in Dec. 2023 was 40.32.

Eastern Star Real Estate PCL Receivables Turnover Historical Data

The historical data trend for Eastern Star Real Estate 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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Eastern Star Real Estate PCL Receivables Turnover Chart

Eastern Star Real Estate PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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760.22

1,333.40

651.40

389.94

155.98

Eastern Star Real Estate PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															81.12	54.58	137.74	51.40	40.32

Competitive Comparison of Eastern Star Real Estate PCL's Receivables Turnover

For the Real Estate - Development subindustry, Eastern Star Real Estate 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.

Eastern Star Real Estate PCL's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eastern Star Real Estate PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eastern Star Real Estate PCL's Receivables Turnover falls into.

Eastern Star Real Estate PCL Receivables Turnover Calculation

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

Eastern Star Real Estate 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 )
=	1282.953	/ (	(7.579	+	8.871)	/	2 )
=	1282.953	/	8.225
=	155.98

Eastern Star Real Estate PCL's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	362.186	/ (	(9.095	+	8.871)	/	2 )
=	362.186	/	8.983
=	40.32

Eastern Star Real Estate PCL (BKK:ESTAR-R) 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.

Eastern Star Real Estate PCL Receivables Turnover Related Terms

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Eastern Star Real Estate PCL (BKK:ESTAR-R) Business Description

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ESTAR:Thailand

Address

898 Ploenchit Tower Building, Ploenchit Road, 5th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.estarpcl.com

Eastern Star Real Estate PCL is a company engaged in the real estate development business. It undertakes housing and condominium projects. The group operates in three business segments namely, Real estate business, Golf course business and Rental business, of which a majority of the revenue is derived from Real estate business. The company and its subsidiaries operate only in Thailand.

Eastern Star Real Estate PCL (BKK:ESTAR-R) Headlines

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