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Inoue Rubber (Thailand) PCL (BKK:IRC-R) Receivables Turnover : 1.46 (As of Mar. 2024)


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What is Inoue Rubber (Thailand) 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. Inoue Rubber (Thailand) PCL's Revenue for the three months ended in Mar. 2024 was ฿1,209 Mil. Inoue Rubber (Thailand) PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿826 Mil. Hence, Inoue Rubber (Thailand) PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.46.


Inoue Rubber (Thailand) PCL Receivables Turnover Historical Data

The historical data trend for Inoue Rubber (Thailand) 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.

Inoue Rubber (Thailand) PCL Receivables Turnover Chart

Inoue Rubber (Thailand) PCL Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.44 4.81 6.28 6.17 5.77

Inoue Rubber (Thailand) 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 1.42 1.32 1.44 1.35 1.46

Competitive Comparison of Inoue Rubber (Thailand) PCL's Receivables Turnover

For the Auto Parts subindustry, Inoue Rubber (Thailand) 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.


Inoue Rubber (Thailand) PCL's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Inoue Rubber (Thailand) PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Inoue Rubber (Thailand) PCL's Receivables Turnover falls into.



Inoue Rubber (Thailand) PCL Receivables Turnover Calculation

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

Inoue Rubber (Thailand) PCL's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

Receivables Turnover (A: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Sep. 2023 ) / ((Accounts Receivable (A: Sep. 2022 ) + Accounts Receivable (A: Sep. 2023 )) / count )
=5417.206 / ((1030.153 + 848.484) / 2 )
=5417.206 / 939.3185
=5.77

Inoue Rubber (Thailand) 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 )
=1208.718 / ((816.302 + 836.424) / 2 )
=1208.718 / 826.363
=1.46

* 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.


Inoue Rubber (Thailand) PCL  (BKK:IRC-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.


Inoue Rubber (Thailand) PCL Receivables Turnover Related Terms

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Inoue Rubber (Thailand) PCL (BKK:IRC-R) Business Description

Traded in Other Exchanges
Address
No. 258, Soi Rangsit-Nakornnayok 49, Prachathipat Sub-district, Thanyaburi District, Pathumthani, THA, 12130
Inoue Rubber (Thailand) PCL is principally engaged in the manufacture and distribution of Automotive Elastomer Products, motorcycle tires, tubes, and industrial elastomer rubber parts. Geographically, it derives a majority of its revenue from Thailand. The company's reportable segments includes geographical areas that are Local and Export, out of which key revenue is generated from Local Segment. Its products involve Automotive Elastomer Products, Motorcycle Tires and Tubes and Industrial Elastomer Parts.

Inoue Rubber (Thailand) PCL (BKK:IRC-R) Headlines

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