Thai Union Feedmill PCL (BKK:TFM-R) Accounts Receivable: ฿733 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:TFM-R Thai Union Feedmill PCL BKK:TFM-R
92 GF Score
Price ฿6.36
GF Value ฿6.28
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Thai Union Feedmill PCL Accounts Receivable?

Thai Union Feedmill PCL BKK:TFM-R +0.09% 92 Accounts Receivable is ฿733 Mil as of Jun. 2026. GuruFocus rates BKK:TFM-R with a GF Score™ of 92/100 and a GF Value™ of ฿6.28 (Fairly Valued). The stock has 7 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thai Union Feedmill PCL's accounts receivables for the quarter that ended in Jun. 2026 was ฿733 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thai Union Feedmill PCL's Days Sales Outstanding for the quarter that ended in Jun. 2026 was 45.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thai Union Feedmill PCL's Net-Net Working Capital per share for the quarter that ended in Jun. 2026 was ฿0.58.


Thai Union Feedmill PCL Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Thai Union Feedmill PCL's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=733.143/1454.781*91
=45.99

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Thai Union Feedmill PCL's accounts receivable are only considered to be worth 75% of book value:

Thai Union Feedmill PCL's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2026 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(813.469+0.75 * 733.143+0.5 * 665.086-971.557
-0-148.953)/1000.000
=0.58

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Thai Union Feedmill PCL Accounts Receivable Related Terms


Thai Union Feedmill PCL Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Thai Union Feedmill PCL's Accounts Receivable 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.

Thai Union Feedmill PCL Accounts Receivable Chart

Thai Union Feedmill PCL Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 630.91 771.04 722.51 766.58 847.50

Thai Union Feedmill PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Accounts Receivable 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 786.09 846.57 847.50 779.09 733.14
BKK:TFM-R
92GF Score
Thai Union Feedmill PCL BKK:TFM-R
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thai Union Feedmill PCL Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of ฿733 Mil mean?
Thai Union Feedmill PCL (BKK:TFM-R) has a Accounts Receivable of ฿733 Mil as of Jun. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Thai Union Feedmill PCL and its competitors.
Is Thai Union Feedmill PCL's Accounts Receivable too high?
Thai Union Feedmill PCL's current Accounts Receivable is ฿733 Mil. Overall, Thai Union Feedmill PCL has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Union Feedmill PCL's Accounts Receivable compare to ADM and BG?
Thai Union Feedmill PCL's Accounts Receivable of ฿733 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Consumer Packaged Goods company?
A good Accounts Receivable depends on the Consumer Packaged Goods industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Thai Union Feedmill PCL and its competitors. Thai Union Feedmill PCL's current Accounts Receivable is ฿733 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Union Feedmill PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Union Feedmill PCL (BKK:TFM-R) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.28, compared to a current price of ฿6.36 — trading 1.2% above its estimated fair value. The current Accounts Receivable is ฿733 Mil. Thai Union Feedmill PCL's overall GF Score™ is 92/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Thai Union Feedmill PCL (BKK:TFM-R), the current Accounts Receivable is ฿733 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thai Union Feedmill PCL (BKK:TFM-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Union Feedmill PCL stock appears to be overvalued. The current stock price of ฿6.36 is trading 1.2% above its estimated GF Value™ of ฿6.28. GuruFocus considers Thai Union Feedmill PCL to be Fairly Valued.

Key valuation signals for BKK:TFM-R:

  • Accounts Receivable: ฿733 Mil
  • GF Value™: ฿6.28 vs. price of ฿6.36 (1.2% above fair value)
  • GF Score™: 92/100 with 7 warning signs

No single metric tells the full story. See the BKK:TFM-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thai Union Feedmill PCL Business Description

Other Exchanges TFM:Thailand
Address 89/1 Moo 2, Rama 2 Road, Kalong Subdistrict, Mueang District, Samut Sakhon Province, Samut Sakhon, THA, 74000
Thai Union Feedmill PCL is a manufacturer and distributor of aquatic feed in Thailand. Business is organised into four reportable segments; Shrimp feed products; Fish feed products; Livestock feed products and Others. The firm generates the majority of its revenue from Shrimp feed products. Geographically the company generates revenue from Thailand, Sri Lanka, Pakistan, Indonesia, and others, with the majority of revenue generated from Thailand.
92GF Score

Get the complete analysis for BKK:TFM-R

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿6.36
Price
฿6.28
GF Value