Ratchthani Leasing PCL (BKK:THANI) Days Sales Outstanding : 0.33 (As of Mar. 2024)

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What is Ratchthani Leasing PCL Days Sales Outstanding?

Ratchthani Leasing PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿4 Mil. Ratchthani Leasing PCL's Revenue for the three months ended in Mar. 2024 was ฿982 Mil. Hence, Ratchthani Leasing PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.33.

The historical rank and industry rank for Ratchthani Leasing PCL's Days Sales Outstanding or its related term are showing as below:

BKK:THANI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 0.09 Med: 0.15 Max: 0.25
Current: 0.25

During the past 13 years, Ratchthani Leasing PCL's highest Days Sales Outstanding was 0.25. The lowest was 0.09. And the median was 0.15.

BKK:THANI's Days Sales Outstanding is ranked better than
96.63% of 267 companies
in the Credit Services industry
Industry Median: 47.4 vs BKK:THANI: 0.25

Ratchthani Leasing PCL's Days Sales Outstanding increased from Mar. 2023 (0.12) to Mar. 2024 (0.33).

Ratchthani Leasing PCL Days Sales Outstanding Historical Data

The historical data trend for Ratchthani Leasing PCL's Days Sales Outstanding 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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Ratchthani Leasing PCL Days Sales Outstanding Chart

Ratchthani Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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0.09

0.21

Ratchthani Leasing PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															0.12	0.16	0.22	0.30	0.33

Competitive Comparison of Ratchthani Leasing PCL's Days Sales Outstanding

For the Credit Services subindustry, Ratchthani Leasing PCL's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Ratchthani Leasing PCL's Days Sales Outstanding Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ratchthani Leasing PCL's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Ratchthani Leasing PCL's Days Sales Outstanding falls into.

Ratchthani Leasing PCL Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Ratchthani Leasing PCL's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.954	+	3.685)	/	2 )	/	4106.579	*	365
=	2.3195					/	4106.579	*	365
=	0.21

Ratchthani Leasing PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (3.685	+	3.516)	/	2 )	/	982.165	*	365 / 4
=	3.6005					/	982.165	*	365 / 4
=	0.33

Ratchthani Leasing PCL (BKK:THANI) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Ratchthani Leasing PCL Days Sales Outstanding Related Terms

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Ratchthani Leasing PCL (BKK:THANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ratchthani Leasing PCL (BKK:THANI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

77/35-36, Krung Thon Buri, 11th UP Floor, Sinsathorn Tower, Klongtonsai, Klongsarn, Bangkok, THA, 10600

Website

https://www.ratchthani.com

Ratchthani Leasing PCL is a public company incorporated and domiciled in Thailand. The company is principally engaged in providing financial services specifically hire-purchase and leasing. Ratchathani Leasing PCL is organized into business units based on its products and services and has three reportable segments, namely, New Cars, Used Cars, and Others. The company operates only in Thailand and generates a majority of its revenue from Hire purchase interest income.

Ratchthani Leasing PCL (BKK:THANI) Headlines

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