Symphony Communication PCL (BKK:SYMC-F) Receivables Turnover : 1.75 (As of Mar. 2024)

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What is Symphony Communication 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. Symphony Communication PCL's Revenue for the three months ended in Mar. 2024 was ฿507 Mil. Symphony Communication PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿290 Mil. Hence, Symphony Communication PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.75.

Symphony Communication PCL Receivables Turnover Historical Data

The historical data trend for Symphony Communication 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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Symphony Communication PCL Receivables Turnover Chart

Symphony Communication PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.69

6.57

6.11

6.04

6.74

Symphony Communication 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															1.66	1.77	1.84	1.90	1.75

Competitive Comparison of Symphony Communication PCL's Receivables Turnover

For the Telecom Services subindustry, Symphony Communication 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.

Symphony Communication PCL's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Symphony Communication PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Symphony Communication PCL's Receivables Turnover falls into.

Symphony Communication PCL Receivables Turnover Calculation

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

Symphony Communication 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 )
=	1940.607	/ (	(293.156	+	283.081)	/	2 )
=	1940.607	/	288.1185
=	6.74

Symphony Communication 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 )
=	506.864	/ (	(283.081	+	296.321)	/	2 )
=	506.864	/	289.701
=	1.75

Symphony Communication PCL (BKK:SYMC-F) 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.

Symphony Communication PCL Receivables Turnover Related Terms

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Symphony Communication PCL (BKK:SYMC-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Symphony Communication PCL (BKK:SYMC-F) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SYMC:Thailand

Address

Vibhavadee Rangsit Road, 123 Suntowers Building B, 35th-36th Floor, Chomphon, Chatuchak, Bangkok, THA, 10900

Website

https://www.symphony.net.th

Symphony Communication PCL is engaged in the provision of communication high-speed circuit services. The company has been granted licenses from the National Broadcasting and Telecommunications Commission (NBTC) to provide telecommunication services. It includes Telecom Operation License Type 1, Telecom Operation License Type 2, and Telecom Operation License Type 3. The company's products and service lines include connectivity service, network equipment, installation of network equipment, and maintenance service of network equipment of which key revenue is derived from the connectivity service.

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