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Goldfine Manufacturers (BKK:GFM) Receivables Turnover : 0.84 (As of Sep. 2014)


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What is Goldfine Manufacturers 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. Goldfine Manufacturers's Revenue for the three months ended in Sep. 2014 was ฿297 Mil. Goldfine Manufacturers's average Accounts Receivable for the three months ended in Sep. 2014 was ฿353 Mil. Hence, Goldfine Manufacturers's Receivables Turnover for the three months ended in Sep. 2014 was 0.84.


Goldfine Manufacturers Receivables Turnover Historical Data

The historical data trend for Goldfine Manufacturers'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.

* Premium members only.

Goldfine Manufacturers Receivables Turnover Chart

Goldfine Manufacturers Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 4.57 5.44 5.96 3.61 3.20

Goldfine Manufacturers Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.88 0.89 0.77 0.80 0.84

Competitive Comparison of Goldfine Manufacturers's Receivables Turnover

For the Luxury Goods subindustry, Goldfine Manufacturers'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.


Goldfine Manufacturers's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Goldfine Manufacturers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Goldfine Manufacturers's Receivables Turnover falls into.



Goldfine Manufacturers Receivables Turnover Calculation

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

Goldfine Manufacturers's Receivables Turnover for the fiscal year that ended in Dec. 2013 is calculated as

Receivables Turnover (A: Dec. 2013 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2013 ) / ((Accounts Receivable (A: Dec. 2012 ) + Accounts Receivable (A: Dec. 2013 )) / count )
=1192.718 / ((368.838 + 376.765) / 2 )
=1192.718 / 372.8015
=3.20

Goldfine Manufacturers's Receivables Turnover for the quarter that ended in Sep. 2014 is calculated as

Receivables Turnover (Q: Sep. 2014 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2014 ) / ((Accounts Receivable (Q: Jun. 2014 ) + Accounts Receivable (Q: Sep. 2014 )) / count )
=296.615 / ((355.498 + 351.13) / 2 )
=296.615 / 353.314
=0.84

* 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.


Goldfine Manufacturers  (BKK:GFM) 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.


Goldfine Manufacturers Receivables Turnover Related Terms

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Goldfine Manufacturers (BKK:GFM) Business Description

Traded in Other Exchanges
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Address
Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.

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