Asia Aviation PCL (BKK:AAV-F) Receivables Turnover : 35.98 (As of Mar. 2024)

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What is Asia Aviation 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. Asia Aviation PCL's Revenue for the three months ended in Mar. 2024 was ฿13,794 Mil. Asia Aviation PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿383 Mil. Hence, Asia Aviation PCL's Receivables Turnover for the three months ended in Mar. 2024 was 35.98.

Asia Aviation PCL Receivables Turnover Historical Data

The historical data trend for Asia Aviation 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.

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Asia Aviation PCL Receivables Turnover Chart

Asia Aviation PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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81.58

43.52

40.97

96.26

137.10

Asia Aviation PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															30.53	28.84	27.23	36.29	35.98

Competitive Comparison of Asia Aviation PCL's Receivables Turnover

For the Airlines subindustry, Asia Aviation 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.

Asia Aviation PCL's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Asia Aviation PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Asia Aviation PCL's Receivables Turnover falls into.

Asia Aviation PCL Receivables Turnover Calculation

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

Asia Aviation 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 )
=	41241.46	/ (	(261.984	+	339.636)	/	2 )
=	41241.46	/	300.81
=	137.10

Asia Aviation 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 )
=	13793.749	/ (	(339.636	+	427.197)	/	2 )
=	13793.749	/	383.4165
=	35.98

Asia Aviation PCL (BKK:AAV-F) 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.

Asia Aviation PCL Receivables Turnover Related Terms

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Asia Aviation PCL (BKK:AAV-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Aviation PCL (BKK:AAV-F) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AAV:Thailand 55AA:Germany

Address

Vibhavadee Rangsit Road, 3rd floor, Central Office Building, Room no. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210

Website

https://www.aavplc.com

Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. The company has two operating segments; Schedule flight operations provide passenger air transportation services to routine destinations for scheduled flights. It sells tickets through its distribution channels such as websites, sale counters, travel agents. and Chartered flight operations provide passenger air transportation services to non-routine destinations. Flights are operated when there is hiring from customers such as tourist agency companies.

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