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Akkhie Prakarn PCL (BKK:AKP) Receivables Turnover : 1.31 (As of Mar. 2024)


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What is Akkhie Prakarn 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. Akkhie Prakarn PCL's Revenue for the three months ended in Mar. 2024 was ฿78.0 Mil. Akkhie Prakarn PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿59.5 Mil. Hence, Akkhie Prakarn PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.


Akkhie Prakarn PCL Receivables Turnover Historical Data

The historical data trend for Akkhie Prakarn 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.

Akkhie Prakarn PCL Receivables Turnover Chart

Akkhie Prakarn PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.75 3.38 4.47 5.21 5.26

Akkhie Prakarn 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.27 1.54 1.61 1.57 1.31

Competitive Comparison of Akkhie Prakarn PCL's Receivables Turnover

For the Waste Management subindustry, Akkhie Prakarn 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.


Akkhie Prakarn PCL's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Akkhie Prakarn PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Akkhie Prakarn PCL's Receivables Turnover falls into.



Akkhie Prakarn PCL Receivables Turnover Calculation

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

Akkhie Prakarn 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 )
=360.503 / ((71.739 + 65.294) / 2 )
=360.503 / 68.5165
=5.26

Akkhie Prakarn 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 )
=78.037 / ((65.294 + 53.614) / 2 )
=78.037 / 59.454
=1.31

* 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.


Akkhie Prakarn PCL  (BKK:AKP) 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.


Akkhie Prakarn PCL Receivables Turnover Related Terms

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Akkhie Prakarn PCL (BKK:AKP) Business Description

Traded in Other Exchanges
N/A
Address
792 Moo 2 Soi 1C/1, Sukhumwit Road, Bang Poo Industrial Estate, Samutprakarn, THA, 10280
Akkhie Prakarn PCL is a Thailand based company involved in the waste management business sector. The Company is engaged in providing services on incinerating and destroying industrial wastes, sewage and unused materials, including the improving of quality of industrial wastes, sewage and unused materials to recycle them to substituted energy and raw materials. The company operates in Thailand.