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Srithai Superware PCL (BKK:SITHAI) Receivables Turnover : 1.33 (As of Mar. 2024)


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What is Srithai Superware 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. Srithai Superware PCL's Revenue for the three months ended in Mar. 2024 was ฿2,110 Mil. Srithai Superware PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿1,587 Mil. Hence, Srithai Superware PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.33.


Srithai Superware PCL Receivables Turnover Historical Data

The historical data trend for Srithai Superware 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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Srithai Superware PCL Receivables Turnover Chart

Srithai Superware PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.64 4.48 5.23 5.81 5.34

Srithai Superware 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 1.28 1.30 1.25 1.34 1.33

Competitive Comparison of Srithai Superware PCL's Receivables Turnover

For the Packaging & Containers subindustry, Srithai Superware 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.


Srithai Superware PCL's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Srithai Superware PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Srithai Superware PCL's Receivables Turnover falls into.



Srithai Superware PCL Receivables Turnover Calculation

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

Srithai Superware 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 )
=8550.199 / ((1685.737 + 1515.925) / 2 )
=8550.199 / 1600.831
=5.34

Srithai Superware 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 )
=2110.064 / ((1515.925 + 1659) / 2 )
=2110.064 / 1587.4625
=1.33

* 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.


Srithai Superware PCL  (BKK:SITHAI) 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.


Srithai Superware PCL Receivables Turnover Related Terms

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Srithai Superware PCL (BKK:SITHAI) Business Description

Traded in Other Exchanges
N/A
Address
15 Suksawat Road, Soi 36, Bangpakok, Rat Burana, Bangkok, THA, 10140
Srithai Superware PCL is principally engaged in the manufacture and distribution of plastics products such as plastic products for household and plastic products for industry and the manufacture and distribution of moulds. The company's business is divided into a plastic business line, consisting of household products business unit and industrial products business unit, and moulds and others business line.

Srithai Superware PCL (BKK:SITHAI) Headlines

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