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Ichitan Group PCL (BKK:ICHI-F) Receivables Turnover : 1.36 (As of Mar. 2024)


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What is Ichitan Group 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. Ichitan Group PCL's Revenue for the three months ended in Mar. 2024 was ฿2,140 Mil. Ichitan Group PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿1,575 Mil. Hence, Ichitan Group PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.36.


Ichitan Group PCL Receivables Turnover Historical Data

The historical data trend for Ichitan Group 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.

* Premium members only.

Ichitan Group PCL Receivables Turnover Chart

Ichitan Group PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.04 6.40 5.91 5.84 5.97

Ichitan Group 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 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 1.35 1.31 1.35 1.44 1.36

Competitive Comparison of Ichitan Group PCL's Receivables Turnover

For the Beverages - Non-Alcoholic subindustry, Ichitan Group 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.


Ichitan Group PCL's Receivables Turnover Distribution in the Beverages - Non-Alcoholic Industry

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

* The bar in red indicates where Ichitan Group PCL's Receivables Turnover falls into.



Ichitan Group PCL Receivables Turnover Calculation

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

Ichitan Group 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 )
=8049.905 / ((1228.703 + 1467.15) / 2 )
=8049.905 / 1347.9265
=5.97

Ichitan Group 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 )
=2140.275 / ((1467.15 + 1681.894) / 2 )
=2140.275 / 1574.522
=1.36

* 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.


Ichitan Group PCL  (BKK:ICHI-F) 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.


Ichitan Group PCL Receivables Turnover Related Terms

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Ichitan Group PCL (BKK:ICHI-F) Business Description

Traded in Other Exchanges
Address
Soi Sukhumvit 40, No. 8 T-One Building, 42nd - 44th Floor, Phra Khanong Sub-District, Khlong Toei District, Bangkok, THA, 10110
Ichitan Group PCL manufactures and sells ready-to-drink tea beverages in Thailand. Some of its brands include Ichitan, Yen Yen, and others. It also has the rights to Bireley's fruit beverage brand in several Asian and North American countries. The group operates in a single line of business, namely the Beverage business. Ichitan derives most of its revenue from Thailand.

Ichitan Group PCL (BKK:ICHI-F) Headlines

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