Asian Marine Services PCL (BKK:ASIMAR) Receivables Turnover: 3.47 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BKK:ASIMAR Asian Marine Services PCL BKK:ASIMAR
75 GF Score
Price ฿1.43
GF Value ฿1.92
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Asian Marine Services PCL Receivables Turnover?

Asian Marine Services PCL BKK:ASIMAR +1.42% 75 Receivables Turnover is 3.47 as of Mar. 2026. GuruFocus rates BKK:ASIMAR with a GF Score™ of 75/100 and a GF Value™ of ฿1.92 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 347 Aerospace & Defense companies, Asian Marine Services PCL ranks better than 91.35% on this metric.

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. Asian Marine Services PCL's Revenue for the three months ended in Mar. 2026 was ฿202.5 Mil. Asian Marine Services PCL's average Accounts Receivable for the three months ended in Mar. 2026 was ฿58.4 Mil. Hence, Asian Marine Services PCL's Receivables Turnover for the three months ended in Mar. 2026 was 3.47.


Asian Marine Services PCL  (BKK:ASIMAR) 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.


Asian Marine Services PCL Receivables Turnover Related Terms


Asian Marine Services PCL Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Asian Marine Services 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.

Asian Marine Services PCL Receivables Turnover Chart

Asian Marine Services PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.41 43.95 40.67 95.41 38.70

Asian Marine Services PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 12.22 3.67 3.97 8.22 3.47

BKK:ASIMAR vs SPCX, GE, RTX: Receivables Turnover Comparison

For the Aerospace & Defense subindustry, Asian Marine Services 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.


Asian Marine Services PCL Receivables Turnover vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Asian Marine Services PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Asian Marine Services PCL's Receivables Turnover falls into.


BKK:ASIMAR
75GF Score
Asian Marine Services PCL BKK:ASIMAR
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asian Marine Services PCL Receivables Turnover Calculation

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

Asian Marine Services PCL's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=920.409 / ((13.156 + 34.415) / 2 )
=920.409 / 23.7855
=38.70

Asian Marine Services PCL's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=202.473 / ((34.415 + 82.388) / 2 )
=202.473 / 58.4015
=3.47

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 3.47 mean?
Asian Marine Services PCL (BKK:ASIMAR) has a Receivables Turnover of 3.47 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 Asian Marine Services PCL and its competitors. According to the industry distribution chart, Asian Marine Services PCL ranks #30 out of 347 companies in the Aerospace & Defense industry, placing it in the top 8.6%.
Is Asian Marine Services PCL's Receivables Turnover too high?
Asian Marine Services PCL's current Receivables Turnover is 3.47. The Aerospace & Defense industry median Receivables Turnover is 5.63. Asian Marine Services PCL's value of 3.47 is 38.4% below this industry median. Based on the distribution chart, Asian Marine Services PCL ranks #30 out of 347 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Asian Marine Services PCL has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Marine Services PCL's Receivables Turnover compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Asian Marine Services PCL ranks #30 out of 347 companies for Receivables Turnover. This places Asian Marine Services PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 5.63. Asian Marine Services PCL's value of 3.47 is 38.4% 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 an Aerospace & Defense company?
The median Receivables Turnover among Aerospace & Defense companies is 5.63, based on 347 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. Asian Marine Services PCL's current Receivables Turnover of 3.47 is 38.4% 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 Asian Marine Services PCL and its competitors. For the Aerospace & Defense industry, the median Receivables Turnover is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Marine Services PCL's current Receivables Turnover is 3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Marine Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Asian Marine Services PCL (BKK:ASIMAR) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.92, compared to a current price of ฿1.43 — trading 25.5% below its estimated fair value. The current Receivables Turnover is 3.47 and 38.4% below the Aerospace & Defense industry median of 5.63. Asian Marine Services PCL's overall GF Score™ is 75/100 with 6 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 Asian Marine Services PCL (BKK:ASIMAR), the current Receivables Turnover is 3.47 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 Asian Marine Services PCL (BKK:ASIMAR) Overvalued in 2026?

Based on GuruFocus' analysis, Asian Marine Services PCL stock appears to be undervalued. The current stock price of ฿1.43 is trading 25.5% below its estimated GF Value™ of ฿1.92. GuruFocus considers Asian Marine Services PCL to be Modestly Undervalued.

Key valuation signals for BKK:ASIMAR:

  • Receivables Turnover: 3.47
  • GF Value™: ฿1.92 vs. price of ฿1.43 (25.5% below fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 38.4% below the Aerospace & Defense median (#30 of 347)

No single metric tells the full story. See the BKK:ASIMAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asian Marine Services PCL Business Description

Address 128 Moo 3 Suksawad Road, Laemfapa, Prasamutjedee, Samutprakan, THA, 10290
Asian Marine Services PCL is principally engaged in the shipbuilding and ship repair services. It provides services such as ship repair, shipbuilding, engineering construction projects such as steel structures, airport passenger walkways, and oil rig construction, etc. The company and its subsidiaries' business operations involve three principal segments, namely, Ship Repairing, Shipbuilding, and Ship Supply. The majority of the company's revenue is derived from the Ship repairing segment. Geographically, it operates mainly in Thailand.
75GF Score

Get the complete analysis for BKK:ASIMAR

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.43
Price
฿1.92
GF Value