Well Graded Engineering PCL (BKK:WGE) Receivables Turnover : 2.06 (As of Mar. 2024)

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What is Well Graded Engineering 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. Well Graded Engineering PCL's Revenue for the three months ended in Mar. 2024 was ฿492 Mil. Well Graded Engineering PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿239 Mil. Hence, Well Graded Engineering PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.06.

Well Graded Engineering PCL Receivables Turnover Historical Data

The historical data trend for Well Graded Engineering 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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Well Graded Engineering PCL Receivables Turnover Chart

Well Graded Engineering PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

9.07

5.73

6.09

6.57

7.36

Well Graded Engineering PCL Quarterly Data
	Jun19	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														2.27	3.58	3.49	1.64	2.06

Competitive Comparison of Well Graded Engineering PCL's Receivables Turnover

For the Engineering & Construction subindustry, Well Graded Engineering 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.

Well Graded Engineering PCL's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Well Graded Engineering PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Well Graded Engineering PCL's Receivables Turnover falls into.

Well Graded Engineering PCL Receivables Turnover Calculation

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

Well Graded Engineering 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 )
=	1800.79	/ (	(247.886	+	241.743)	/	2 )
=	1800.79	/	244.8145
=	7.36

Well Graded Engineering 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 )
=	492.041	/ (	(241.743	+	236.723)	/	2 )
=	492.041	/	239.233
=	2.06

Well Graded Engineering PCL (BKK:WGE) 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.

Well Graded Engineering PCL Receivables Turnover Related Terms

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Well Graded Engineering PCL (BKK:WGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Well Graded Engineering PCL (BKK:WGE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

50/1203 Moo 9, Bangpood, Pakkred, Nonthaburi, THA, 11120

Website

https://www.well-graded.com

Well Graded Engineering PCL is an engineering and construction company. The company is engaged in the business of construction work services and consultants for the design and supervision of construction, engineering, and architecture works. Its projects portfolio includes High Rise Condo; Low Rise Condo; Office Building; Hospital; Sales Gallery; Community Mall; an Interior; Factory; Public Utility System; and Renovate.

Well Graded Engineering PCL (BKK:WGE) Headlines

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