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Twenty-Four Con & Supply PCL (BKK:24CS) Receivables Turnover : 0.61 (As of Mar. 2024)


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What is Twenty-Four Con & Supply PCL 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. Twenty-Four Con & Supply PCL's Revenue for the three months ended in Mar. 2024 was ฿41.7 Mil. Twenty-Four Con & Supply PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿68.1 Mil. Hence, Twenty-Four Con & Supply PCL's Receivables Turnover for the three months ended in Mar. 2024 was 0.61.


Twenty-Four Con & Supply PCL Receivables Turnover Historical Data

The historical data trend for Twenty-Four Con & Supply PCL'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.

* Premium members only.

Twenty-Four Con & Supply PCL Receivables Turnover Chart

Twenty-Four Con & Supply PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
12.63 7.76 6.23 5.67 4.79

Twenty-Four Con & Supply PCL Quarterly Data
Dec19 Dec20 Jun21 Dec21 Mar22 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.20 0.67 0.86 0.46 0.61

Competitive Comparison of Twenty-Four Con & Supply PCL's Receivables Turnover

For the Building Products & Equipment subindustry, Twenty-Four Con & Supply PCL'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.


Twenty-Four Con & Supply PCL's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Twenty-Four Con & Supply PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Twenty-Four Con & Supply PCL's Receivables Turnover falls into.



Twenty-Four Con & Supply PCL Receivables Turnover Calculation

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

Twenty-Four Con & Supply PCL's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=681.495 / ((214.235 + 70.396) / 2 )
=681.495 / 142.3155
=4.79

Twenty-Four Con & Supply PCL's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=41.689 / ((70.396 + 65.811) / 2 )
=41.689 / 68.1035
=0.61

* 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.


Twenty-Four Con & Supply PCL  (BKK:24CS) 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.


Twenty-Four Con & Supply PCL Receivables Turnover Related Terms

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Twenty-Four Con & Supply PCL (BKK:24CS) Business Description

Traded in Other Exchanges
N/A
Address
Ratchadaphisek Road, 89 AIA Capital Center, 9th Floor, Unit 901, Din Daeng Subdistrict, Din Daeng District, Bangkok, THA, 10400
Twenty-Four Con & Supply PCL is engaged in selling and installing ventilation and air conditioning systems, electricity systems and plumbing systems as well as maintenance services. The company's reportable segments are Service render for construction of heating, ventilation, and air conditioning systems, electricity systems and plumbing systems; Service render for maintenance services. The company's majority revenue is generated from Services segment.

Twenty-Four Con & Supply PCL (BKK:24CS) Headlines

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