SG Capital PCL (BKK:SGC) Receivables Turnover : 3.36 (As of Mar. 2024)

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What is SG Capital 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. SG Capital PCL's Revenue for the three months ended in Mar. 2024 was ฿424 Mil. SG Capital PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿126 Mil. Hence, SG Capital PCL's Receivables Turnover for the three months ended in Mar. 2024 was 3.36.

SG Capital PCL Receivables Turnover Historical Data

The historical data trend for SG Capital 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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SG Capital PCL Receivables Turnover Chart

SG Capital PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

75.62

73.00

59.72

24.48

SG Capital PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							11.32	7.64	5.28	3.78	3.36

Competitive Comparison of SG Capital PCL's Receivables Turnover

For the Credit Services subindustry, SG Capital 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.

SG Capital PCL's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SG Capital PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SG Capital PCL's Receivables Turnover falls into.

SG Capital PCL Receivables Turnover Calculation

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

SG Capital 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 )
=	2089.38	/ (	(49.945	+	120.77)	/	2 )
=	2089.38	/	85.3575
=	24.48

SG Capital 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 )
=	424.331	/ (	(120.77	+	131.72)	/	2 )
=	424.331	/	126.245
=	3.36

SG Capital PCL (BKK:SGC) 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.

SG Capital PCL Receivables Turnover Related Terms

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SG Capital PCL (BKK:SGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SG Capital PCL (BKK:SGC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72 Charoen Krung Road, Telecommunication Tower, Building 20th Floor, Bangrak, Bangkok, THA, 10500

Website

https://www.sgcapital.co.th

SG Capital PCL is engaged in providing financial services to non-financial institutions. It offers various services such as hire-purchase of electrical appliances and household appliances, commercial appliances and machinery (Captive Finance); and loans with vehicle registration as collateral (trucks, passenger cars, commercial vehicles), debt consolidation welfare loans, and gold installment loans (Click2Gold) under the name SG Capital. The Company is managed and operates principally in Thailand.