Pruksa Holding PCL (BKK:PSH) Receivables Turnover : 16.47 (As of Mar. 2024)

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What is Pruksa Holding 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. Pruksa Holding PCL's Revenue for the three months ended in Mar. 2024 was ฿3,974 Mil. Pruksa Holding PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿241 Mil. Hence, Pruksa Holding PCL's Receivables Turnover for the three months ended in Mar. 2024 was 16.47.

Pruksa Holding PCL Receivables Turnover Historical Data

The historical data trend for Pruksa Holding 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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Pruksa Holding PCL Receivables Turnover Chart

Pruksa Holding PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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769.80

159.95

88.02

Pruksa Holding 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															14.70	16.18	29.39	27.33	16.47

Competitive Comparison of Pruksa Holding PCL's Receivables Turnover

For the Real Estate - Development subindustry, Pruksa Holding 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.

Pruksa Holding PCL's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Pruksa Holding PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pruksa Holding PCL's Receivables Turnover falls into.

Pruksa Holding PCL Receivables Turnover Calculation

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

Pruksa Holding 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 )
=	24176.145	/ (	(318.356	+	230.975)	/	2 )
=	24176.145	/	274.6655
=	88.02

Pruksa Holding 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 )
=	3973.562	/ (	(230.975	+	251.588)	/	2 )
=	3973.562	/	241.2815
=	16.47

Pruksa Holding PCL (BKK:PSH) 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.

Pruksa Holding PCL Receivables Turnover Related Terms

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Pruksa Holding PCL (BKK:PSH) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

2PR3:Germany

Address

Phaholyothin Road, 1177, Pearl Bangkok Tower, 24th Floor, Phayathai Sub-District, Phayathai District, Bangkok, THA, 10400

Website

https://www.psh.co.th

Pruksa Holding Public Company Limited operates as a holding company in real estate and healthcare businesses. The core business of the Company is real estate development for sale. The business activities of the group include developing projects for townhouses, single-detached houses, condominiums, and hospitals. The company focuses on residential houses located in various potential and high growth areas of Bangkok and its vicinities, including downtown Bangkok projects in Thailand. It is also engaged in hospital operations of which revenue mainly consists of medical fees, hospital room sales, and medicine sales. Geographically, the business operations are located in Thailand and earn key revenue from the sale of real estate.