Sahaviriya Steel Industries (BKK:SSI-R) Receivables Turnover : 17.72 (As of Dec. 2019)

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What is Sahaviriya Steel Industries 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. Sahaviriya Steel Industries's Revenue for the six months ended in Dec. 2019 was ฿10,304.57 Mil. Sahaviriya Steel Industries's average Accounts Receivable for the six months ended in Dec. 2019 was ฿581.38 Mil. Hence, Sahaviriya Steel Industries's Receivables Turnover for the six months ended in Dec. 2019 was 17.72.

Sahaviriya Steel Industries Receivables Turnover Historical Data

The historical data trend for Sahaviriya Steel Industries'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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Sahaviriya Steel Industries Receivables Turnover Chart

Sahaviriya Steel Industries Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Receivables Turnover

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4.07

6.50

18.70

26.66

41.29

Sahaviriya Steel Industries Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Receivables Turnover	Get a 7-Day Free Trial															10.75	12.65	12.03	13.25	17.72

Competitive Comparison of Sahaviriya Steel Industries's Receivables Turnover

For the Steel subindustry, Sahaviriya Steel Industries'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.

Sahaviriya Steel Industries's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Sahaviriya Steel Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sahaviriya Steel Industries's Receivables Turnover falls into.

Sahaviriya Steel Industries Receivables Turnover Calculation

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

Sahaviriya Steel Industries's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Receivables Turnover (A: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2019 )	/ (	(Accounts Receivable (A: Dec. 2018 )	+	Accounts Receivable (A: Dec. 2019 ))	/	count )
=	25199.399	/ (	(1153.094	+	67.559)	/	2 )
=	25199.399	/	610.3265
=	41.29

Sahaviriya Steel Industries's Receivables Turnover for the quarter that ended in Dec. 2019 is calculated as

	Receivables Turnover (Q: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2019 )	/ (	(Accounts Receivable (Q: Jun. 2019 )	+	Accounts Receivable (Q: Dec. 2019 ))	/	count )
=	10304.572	/ (	(1095.207	+	67.559)	/	2 )
=	10304.572	/	581.383
=	17.72

Sahaviriya Steel Industries (BKK:SSI-R) 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.

Sahaviriya Steel Industries Receivables Turnover Related Terms

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Sahaviriya Steel Industries (BKK:SSI-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sahaviriya Steel Industries PLC (BKK:SSI-R) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

2nd - 3rd Floor, Surasak Road, 28/1 Prapawit Building, Kwang Silom, Khet Bangrak, Bangkok, THA, 10500

Website

http://www.ssi-steel.com

Sahaviriya Steel Industries PLC is a producer of hot-rolled steel sheet coils in Southeast Asia. The company's reportable segments consist of Manufacture of hot-rolled coils, Maintenance services, and Deep-sea port services. Its product includes hot-rolled steel sheet in coils and hot-rolled steel sheet pickled and oiled which is used as raw material for industries such as construction, pipe, and tube, gas cylinder, container, furniture, automotive, and cold rolled steel. In addition, it also supplies steel sheets to various sectors such as automobile, energy, transportation and construction sectors.

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