IRPC PCL (IRPC PCL) Receivables Turnover : 4.84 (As of Mar. 2024)

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What is IRPC 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. IRPC PCL's Revenue for the three months ended in Mar. 2024 was $2,207 Mil. IRPC PCL's average Accounts Receivable for the three months ended in Mar. 2024 was $456 Mil. Hence, IRPC PCL's Receivables Turnover for the three months ended in Mar. 2024 was 4.84.

IRPC PCL Receivables Turnover Historical Data

The historical data trend for IRPC 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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IRPC PCL Receivables Turnover Chart

IRPC PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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22.41

17.72

20.80

22.15

20.76

IRPC 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															5.07	4.75	4.94	4.81	4.84

Competitive Comparison of IRPC PCL's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, IRPC 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.

IRPC PCL's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, IRPC PCL's Receivables Turnover distribution charts can be found below:

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

IRPC PCL Receivables Turnover Calculation

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

IRPC 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 )
=	9120.582	/ (	(432.897	+	445.871)	/	2 )
=	9120.582	/	439.384
=	20.76

IRPC 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 )
=	2207.142	/ (	(445.871	+	465.418)	/	2 )
=	2207.142	/	455.6445
=	4.84

IRPC PCL (OTCPK:IRPSY) 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.

IRPC PCL Receivables Turnover Related Terms

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IRPC PCL (IRPC PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » IRPC PCL (OTCPK:IRPSY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

IRPC:Thailand TPIG:Germany

Address

555/2, Energy Complex, Vibhavadi Rangsit Road, Building B, 6th Floor,, Chatuchak, Bangkok, THA, 10900

Website

https://www.irpc.co.th

IRPC PCL is a Thailand-based company. The Company is principally engaged in the petroleum and petrochemical business with its products being refinery, lubricant, olefins, aromatics, plastic resins, and other petrochemical products. The company operates in three reportable segments; the Petroleum products segment, which produces and sells refinery, lubricant, and asphalt. The petrochemical products segment, produces and sells olefins, aromatics, and related products including special products. and Other business segments, includes divisions related to the Power plant, jetty, and other utilities. The majority of its revenue is derived from the Petroleum products segment.

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