Thantawan Industry PCL (BKK:THIP-R) Accounts Receivable: ฿575 Mil (As of Mar. 2026)


BKK:THIP-R Thantawan Industry PCL BKK:THIP-R
68 GF Score
Price ฿23.00
GF Value ฿36.60
! 6 Warning Signs
View Full Analysis

What is Thantawan Industry PCL Accounts Receivable?

Thantawan Industry PCL BKK:THIP-R 68 Accounts Receivable is ฿575 Mil as of Mar. 2026. GuruFocus rates BKK:THIP-R with a GF Score™ of 68/100 and a GF Value™ of ฿36.60. The stock has 6 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Thantawan Industry PCL's accounts receivables for the quarter that ended in Mar. 2026 was ฿575 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Thantawan Industry PCL's Days Sales Outstanding for the quarter that ended in Mar. 2026 was 50.80.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Thantawan Industry PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ฿7.09.

Thantawan Industry 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.

Thantawan Industry PCL's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=574.911/1032.597*91
=50.80

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

Thantawan Industry PCL's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(1019.503+0.75 * 574.911+0.5 * 1048.034-1336.219
-0-0)/90.000
=7.09

* 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.

Thantawan Industry PCL Accounts Receivable Related Terms

Thantawan Industry PCL Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Thantawan Industry 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.

Thantawan Industry PCL Accounts Receivable Chart

Thantawan Industry PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 385.81 351.36 391.87 743.68 557.15

Thantawan Industry PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 774.99 688.15 565.35 557.15 574.91
BKK:THIP-R
68GF Score
Thantawan Industry PCL BKK:THIP-R
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thantawan Industry 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 ฿575 Mil mean?
Thantawan Industry PCL (BKK:THIP-R) has a Accounts Receivable of ฿575 Mil as of Mar. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Thantawan Industry PCL and its competitors.
Is Thantawan Industry PCL's Accounts Receivable too high?
Thantawan Industry PCL's current Accounts Receivable is ฿575 Mil. Overall, Thantawan Industry PCL has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's Accounts Receivable compare to SW and PKG?
Thantawan Industry PCL's Accounts Receivable of ฿575 Mil can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Accounts Receivable depends on the Packaging & Containers 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 Thantawan Industry PCL and its competitors. Thantawan Industry PCL's current Accounts Receivable is ฿575 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current Accounts Receivable of ฿575 Mil. The stock's GF Value™ is ฿36.60, compared to a current price of ฿23.00 — trading 37.2% below its estimated fair value. The current Accounts Receivable is ฿575 Mil. Thantawan Industry PCL's overall GF Score™ is 68/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current Accounts Receivable is ฿575 Mil as of Mar. 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?

Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued. The current stock price of ฿23.00 is trading 37.2% below its estimated GF Value™ of ฿36.60.

Key valuation signals for BKK:THIP-R:

  • Accounts Receivable: ฿575 Mil
  • GF Value™: ฿36.60 vs. price of ฿23.00 (37.2% below fair value)
  • GF Score™: 68/100 with 6 warning signs

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

Thantawan Industry PCL Business Description

Other Exchanges THIP:Thailand
Address Soi Kangwal 2, Phetkasem Road, 143-144, Moo 8, Omyai, Sampran, Nakornpathom, THA, 73160
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
68GF Score

Get the complete analysis for BKK:THIP-R

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

฿23.00
Price
฿36.60
GF Value