Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Applicad PCL's Revenue for the
three
months ended in Mar. 2026 was ฿250 Mil. Applicad PCL's average Accounts Receivable for the
three
months ended in Mar. 2026 was ฿117 Mil.
Hence, Applicad PCL's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.14.
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.
Applicad PCL Receivables Turnover Related Terms
Applicad PCL Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Applicad 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.
BKK:APP vs UBER, SHOP, CRM: Receivables Turnover Comparison
For the Software - Application subindustry, Applicad 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.
Applicad PCL Receivables Turnover vs Software Industry
For the Software industry and Technology sector, Applicad PCL's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Applicad PCL's Receivables Turnover falls into.
* 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.
Applicad PCL (BKK:APP) has a Receivables Turnover of 2.14 as of Mar. 2026. The accounts 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. View historical data on Applicad PCL and its competitors. According to the industry distribution chart, Applicad PCL ranks #819 out of 2775 companies in the Software industry, placing it in the top 29.5%.
Is Applicad PCL's Receivables Turnover too high?
Applicad PCL's current Receivables Turnover is 2.14. The Software industry median Receivables Turnover is 5.72. Applicad PCL's value of 2.14 is 62.6% below this industry median. Based on the distribution chart, Applicad PCL ranks #819 out of 2775 companies in the Software industry, which is above the industry midpoint. Overall, Applicad PCL has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Applicad PCL's Receivables Turnover compare to UBER and SHOP?
According to the Software industry distribution chart, Applicad PCL ranks #819 out of 2775 companies for Receivables Turnover. This puts Applicad PCL in the upper half of its industry. The industry median Receivables Turnover is 5.72. Applicad PCL's value of 2.14 is 62.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.72, based on 2,775 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Applicad PCL's current Receivables Turnover of 2.14 is 62.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Applicad PCL and its competitors. For the Software industry, the median Receivables Turnover is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applicad PCL's current Receivables Turnover is 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applicad PCL stock overvalued right now?
Based on GuruFocus' analysis, Applicad PCL (BKK:APP) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.63, compared to a current price of ฿2.68 — trading 1.9% above its estimated fair value. The current Receivables Turnover is 2.14 and 62.6% below the Software industry median of 5.72. Applicad PCL's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Applicad PCL (BKK:APP), the current Receivables Turnover is 2.14 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Applicad PCL (BKK:APP) Overvalued in 2026?
Based on GuruFocus' analysis, Applicad PCL stock appears to be overvalued.
The current stock price of ฿2.68 is trading 1.9% above its estimated GF Value™ of ฿2.63.
GuruFocus considers Applicad PCL to be Fairly Valued.
Key valuation signals for BKK:APP:
Receivables Turnover: 2.14
GF Value™: ฿2.63 vs. price of ฿2.68 (1.9% above fair value)
Industry Position: 62.6% below the Software median (#819 of 2775)
No single metric tells the full story. See the BKK:APP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applicad PCL main business is the sale of computer programs and maintenance services for computer programs, machines and equipment, and the design and development of related products and services. The company operates through three segments: Computer Software Sales division, engaged in the sale of computer programs for specific applications and peripherals and generating maximum revenue; Sale Division of Machinery, Equipment and Other Products, engaged in the sale of machinery, computer parts, spare parts, materials and other products; and Service Division, providing computer maintenance services, design and manufacture of industrial parts and prototypes, and other services. Geographically, the company operates in Thailand and Indonesia, while earning key revenue from sales in Thailand.
89GF Score
Get the complete analysis for BKK:APP
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:APP has been successfully added to your 
