Pilatus Marine PCL (BKK:PLT) Receivables Turnover : 2.98 (As of Sep. 2023)

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What is Pilatus Marine 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. Pilatus Marine PCL's Revenue for the three months ended in Sep. 2023 was ฿186.8 Mil. Pilatus Marine PCL's average Accounts Receivable for the three months ended in Sep. 2023 was ฿62.7 Mil. Hence, Pilatus Marine PCL's Receivables Turnover for the three months ended in Sep. 2023 was 2.98.

Pilatus Marine PCL Receivables Turnover Historical Data

The historical data trend for Pilatus Marine 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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Pilatus Marine PCL Receivables Turnover Chart

Pilatus Marine PCL Annual Data

Trend

Dec21

Dec22

Receivables Turnover

9.39

10.66

Pilatus Marine PCL Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			2.65	-	2.68	2.62	2.98

Competitive Comparison of Pilatus Marine PCL's Receivables Turnover

For the Oil & Gas Midstream subindustry, Pilatus Marine 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.

Pilatus Marine PCL's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pilatus Marine PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pilatus Marine PCL's Receivables Turnover falls into.

Pilatus Marine PCL Receivables Turnover Calculation

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

Pilatus Marine PCL's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	794.648	/ (	(70.871	+	78.247)	/	2 )
=	794.648	/	74.559
=	10.66

Pilatus Marine PCL's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	186.761	/ (	(62.807	+	62.524)	/	2 )
=	186.761	/	62.6655
=	2.98

Pilatus Marine PCL (BKK:PLT) 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.

Pilatus Marine PCL Receivables Turnover Related Terms

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Pilatus Marine PCL (BKK:PLT) Business Description

Industry

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Traded in Other Exchanges

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Address

84/1-4 Young Place Grand Le Jardin, 1st – 4th Floor, Soi Phahon Yothin 37, Lat Yao, Chatuchak, Bangkok, THA, 10900

Website

https://www.pilatusmarine.co.th

Pilatus Marine PCL is Thailand's leading owner and operator of liquefied petroleum gas (LPG) carriers both marine and land transport, with decades of operating experience in LPG transport. The company leased the vessel to transport liquefied petroleum gas from other companies and It also provides liquefied petroleum gas transportation by truck.

Pilatus Marine PCL (BKK:PLT) Headlines

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