Thai-German Products PCL (BKK:TGPRO) Change In Receivables : ฿37 Mil (TTM As of Mar. 2024)

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What is Thai-German Products PCL Change In Receivables?

Thai-German Products PCL's change in receivables for the quarter that ended in Mar. 2024 was ฿-16 Mil. It means Thai-German Products PCL's Accounts Receivable increased by ฿16 Mil from Dec. 2023 to Mar. 2024 .

Thai-German Products PCL's change in receivables for the fiscal year that ended in Dec. 2023 was ฿41 Mil. It means Thai-German Products PCL's Accounts Receivable declined by ฿41 Mil from Dec. 2022 to Dec. 2023 .

Thai-German Products PCL's Accounts Receivable for the quarter that ended in Mar. 2024 was ฿142 Mil.

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 Receivable are being managed. Thai-German Products PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 37.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thai-German Products PCL's liquidation value for the three months ended in Mar. 2024 was ฿-508 Mil.

Thai-German Products PCL Change In Receivables Historical Data

The historical data trend for Thai-German Products PCL's Change In Receivables 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-German Products PCL Change In Receivables Chart

Thai-German Products PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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77.75

-88.23

-27.56

88.05

40.93

Thai-German Products PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-12.09	54.57	5.00	-6.55	-16.20

Thai-German Products PCL Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿37 Mil.

Thai-German Products PCL (BKK:TGPRO) Change In Receivables 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 Receivable are being managed.

Thai-German Products PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	141.84	/	344.933	*	91
=	37.52

2. In Ben Graham's calculation of liquidation value, Thai-German Products PCL's accounts receivable are only considered to be worth 75% of book value:

Thai-German Products PCL's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11.832	-	913.561	+	0.75 * 141.84	+	0.5 * 574.095
=	-508

Thai-German Products PCL Change In Receivables Related Terms

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Thai-German Products PCL (BKK:TGPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Thai-German Products PCL (BKK:TGPRO) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

99 Huaypong-Nongbon Road, Tambol Huaypong, Amphur Muang, Rayong, THA, 21150

Website

https://www.tgpro.co.th

Thai-German Products PCL is a Thailand based company engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has three operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market.

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