Advice IT Infinite PCL (BKK:ADVICE) Receivables Turnover : 12.76 (As of Sep. 2023)

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What is Advice IT Infinite 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. Advice IT Infinite PCL's Revenue for the three months ended in Sep. 2023 was ฿3,586 Mil. Advice IT Infinite PCL's average Accounts Receivable for the three months ended in Sep. 2023 was ฿281 Mil. Hence, Advice IT Infinite PCL's Receivables Turnover for the three months ended in Sep. 2023 was 12.76.

Advice IT Infinite PCL Receivables Turnover Historical Data

The historical data trend for Advice IT Infinite 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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Advice IT Infinite PCL Receivables Turnover Chart

Advice IT Infinite PCL Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

68.64

56.10

Advice IT Infinite PCL Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Receivables Turnover	-	15.67	11.02	12.76

Competitive Comparison of Advice IT Infinite PCL's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Advice IT Infinite 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.

Advice IT Infinite PCL's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Advice IT Infinite PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Advice IT Infinite PCL's Receivables Turnover falls into.

Advice IT Infinite PCL Receivables Turnover Calculation

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

Advice IT Infinite PCL's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	14388.233	/ (	(228.934	+	284.009)	/	2 )
=	14388.233	/	256.4715
=	56.10

Advice IT Infinite PCL's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	3586.388	/ (	(284.009	+	278.261)	/	2 )
=	3586.388	/	281.135
=	12.76

Advice IT Infinite PCL (BKK:ADVICE) 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.

Advice IT Infinite PCL Receivables Turnover Related Terms

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Advice IT Infinite PCL (BKK:ADVICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advice IT Infinite PCL (BKK:ADVICE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA

Website

https://www.advice.co.th

Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

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