Raja Ferry Port PCL (BKK:RP) Receivables Turnover : 7.39 (As of Mar. 2024)

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What is Raja Ferry Port 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. Raja Ferry Port PCL's Revenue for the three months ended in Mar. 2024 was ฿145.0 Mil. Raja Ferry Port PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿19.6 Mil. Hence, Raja Ferry Port PCL's Receivables Turnover for the three months ended in Mar. 2024 was 7.39.

Raja Ferry Port PCL Receivables Turnover Historical Data

The historical data trend for Raja Ferry Port 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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Raja Ferry Port PCL Receivables Turnover Chart

Raja Ferry Port PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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74.31

73.18

55.88

42.35

29.72

Raja Ferry Port 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															14.24	20.56	11.64	7.23	7.39

Competitive Comparison of Raja Ferry Port PCL's Receivables Turnover

For the Marine Shipping subindustry, Raja Ferry Port 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.

Raja Ferry Port PCL's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Raja Ferry Port PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Raja Ferry Port PCL's Receivables Turnover falls into.

Raja Ferry Port PCL Receivables Turnover Calculation

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

Raja Ferry Port 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 )
=	555.85	/ (	(17.123	+	20.285)	/	2 )
=	555.85	/	18.704
=	29.72

Raja Ferry Port 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 )
=	145.024	/ (	(20.285	+	18.975)	/	2 )
=	145.024	/	19.63
=	7.39

Raja Ferry Port PCL (BKK:RP) 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.

Raja Ferry Port PCL Receivables Turnover Related Terms

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Raja Ferry Port PCL (BKK:RP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Raja Ferry Port PCL (BKK:RP) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

25/1 Moo 8. Mittraphap Road, Don Sak Sub-district, Don Sak District, Suratthani, THA, 84220

Website

https://www.rajaferryport.com

Raja Ferry Port PCL is a Thailand-based company engaged in providing ferry services for passengers and transportation, wharf, and trading on the wharf, and in passenger ferryboat and van service for passengers. The company also provides private ferry trips and shipping services, such as the shipping of fresh fruits, vegetables, gas, and oil. In addition, it operates a related business of selling foods and other products in convenience stores on a wharf and in passenger ferryboats. The company has the majority of its revenues from ferry service for passengers and transportation. The Group operates in a single geographic area, namely in Thailand.