Thai Beverage (Thai Beverage) Receivables Turnover : 12.36 (As of Mar. 2023)

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What is Thai Beverage 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 Beverage's Revenue for the three months ended in Mar. 2023 was $1,956 Mil. Thai Beverage's average Accounts Receivable for the three months ended in Mar. 2023 was $158 Mil. Hence, Thai Beverage's Receivables Turnover for the three months ended in Mar. 2023 was 12.36.

Thai Beverage Receivables Turnover Historical Data

The historical data trend for Thai Beverage'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 Beverage Receivables Turnover Chart

Thai Beverage Annual Data

Trend

Dec13

Dec14

Dec15

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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58.62

49.21

47.75

53.03

54.57

Thai Beverage Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Sep20	Dec20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															-	12.30	-	12.36	-

Competitive Comparison of Thai Beverage's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, Thai Beverage'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 Beverage's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Thai Beverage's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thai Beverage's Receivables Turnover falls into.

Thai Beverage Receivables Turnover Calculation

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

Thai Beverage's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	7777.206	/ (	(134.435	+	150.62)	/	2 )
=	7777.206	/	142.5275
=	54.57

Thai Beverage's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	1955.547	/ (	(134.435	+	181.959)	/	2 )
=	1955.547	/	158.197
=	12.36

Thai Beverage (OTCPK:TBVPF) 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 Beverage Receivables Turnover Related Terms

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Thai Beverage (Thai Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Thai Beverage PLC (OTCPK:TBVPF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TBVPY:USA Y92:Singapore T6W:Germany

Address

14 Vibhavadi Rangsit Road, Chomphon Sub-District, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaibev.com

Thai Beverage PLC is a Thailand-based company engaged in producing and distributing alcoholic and non-alcoholic beverages and food. The company's operating segment includes Spirits; Beer; Non-alcoholic beverages and Food. It generates maximum revenue from the Beer segment. The Spirits segment is engaged in the production and sales of branded spirits products and soda. Its Beer segment is engaged in the production and sales of raw materials and branded beer products. Geographically, it derives a majority of its revenue from Thailand and also has a presence in the Socialist Republic of Vietnam and Overseas.

Thai Beverage (Thai Beverage) Headlines

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