Haad Thip PCL (BKK:HTC) Receivables Turnover : 2.83 (As of Mar. 2024)

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What is Haad Thip 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. Haad Thip PCL's Revenue for the three months ended in Mar. 2024 was ฿2,129 Mil. Haad Thip PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿752 Mil. Hence, Haad Thip PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.83.

Haad Thip PCL Receivables Turnover Historical Data

The historical data trend for Haad Thip 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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Haad Thip PCL Receivables Turnover Chart

Haad Thip PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.46

11.57

13.85

12.90

12.82

Haad Thip 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															3.25	3.38	3.26	2.99	2.83

Competitive Comparison of Haad Thip PCL's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Haad Thip 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.

Haad Thip PCL's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Haad Thip PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Haad Thip PCL's Receivables Turnover falls into.

Haad Thip PCL Receivables Turnover Calculation

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

Haad Thip 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 )
=	7805.964	/ (	(588.027	+	629.808)	/	2 )
=	7805.964	/	608.9175
=	12.82

Haad Thip 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 )
=	2129.138	/ (	(629.808	+	873.489)	/	2 )
=	2129.138	/	751.6485
=	2.83

Haad Thip PCL (BKK:HTC) 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.

Haad Thip PCL Receivables Turnover Related Terms

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Haad Thip PCL (BKK:HTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Haad Thip PCL (BKK:HTC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

87/1, Kanchanavanich Road, Thambol Banphru, Amphur Hadyai, Songkhla, THA, 90250

Website

https://www.haadthip.com

Haad Thip PCL is engaged in the manufacture and distributor of soft drinks. The company has been granted a franchise by Coca-Cola in the United States to be a producer and distributor of carbonated drinks under the trademarks of Coca-Cola, Fanta, and Sprite, and other non-carbonated products owned by Coca-Cola Company, such as Minute Maid Splash and Namthip Drinking Water. Its brands include Coca-Cola, Sprite, Fanta, Minute Maid, Namthip, A&W, and Aquarius. The company operates business in Segment soft drinks, Segment Consumer goods, Segment food, Segment Real estate development. The company generates majority revenue from soft drinks. The company distributes its products in the southern provinces of Thailand.

Haad Thip PCL (BKK:HTC) Headlines

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