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Thai Rung Union Car PCL (BKK:TRU) Receivables Turnover : 1.44 (As of Mar. 2024)


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What is Thai Rung Union Car 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. Thai Rung Union Car PCL's Revenue for the three months ended in Mar. 2024 was ฿583 Mil. Thai Rung Union Car PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿405 Mil. Hence, Thai Rung Union Car PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.44.


Thai Rung Union Car PCL Receivables Turnover Historical Data

The historical data trend for Thai Rung Union Car 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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Thai Rung Union Car PCL Receivables Turnover Chart

Thai Rung Union Car 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 5.49 4.24 6.35 7.33 5.84

Thai Rung Union Car PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 1.46 1.54 1.33 1.54 1.44

Competitive Comparison of Thai Rung Union Car PCL's Receivables Turnover

For the Auto Parts subindustry, Thai Rung Union Car 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.


Thai Rung Union Car PCL's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Rung Union Car PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thai Rung Union Car PCL's Receivables Turnover falls into.



Thai Rung Union Car PCL Receivables Turnover Calculation

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

Thai Rung Union Car 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 )
=2410.814 / ((446.733 + 378.473) / 2 )
=2410.814 / 412.603
=5.84

Thai Rung Union Car 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 )
=583.376 / ((378.473 + 431.315) / 2 )
=583.376 / 404.894
=1.44

* 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.


Thai Rung Union Car PCL  (BKK:TRU) 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.


Thai Rung Union Car PCL Receivables Turnover Related Terms

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Thai Rung Union Car PCL (BKK:TRU) Business Description

Traded in Other Exchanges
N/A
Address
304, Marcharoen Road, Khwaeng Nongkangploo, Khet Nongkaem, Bangkok, THA, 10160
Thai Rung Union Car PCL is engaged in car assembly and modification, and the manufacture and distribution of parts and molds. It operates in the segments of Car assembly and other related car services; Manufacture of equipment for the production of car accessories (comprising the manufacture of molds and jigs and manufacture and sales of car accessories and spare parts), which is the key revenue generating segment; and Sales of cars, and a car service centre business.