Asia Sermkij Leasing PCL (BKK:ASK) Receivables Turnover : 21.73 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Asia Sermkij Leasing 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 Sermkij Leasing PCL's Revenue for the three months ended in Mar. 2024 was ฿1,631 Mil. Asia Sermkij Leasing PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿75 Mil. Hence, Asia Sermkij Leasing PCL's Receivables Turnover for the three months ended in Mar. 2024 was 21.73.

Asia Sermkij Leasing PCL Receivables Turnover Historical Data

The historical data trend for Asia Sermkij Leasing 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.

Asia Sermkij Leasing PCL Receivables Turnover Chart

Asia Sermkij Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

19.62

34.36

68.44

Asia Sermkij Leasing 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															22.44	22.69	21.97	22.29	21.73

Competitive Comparison of Asia Sermkij Leasing PCL's Receivables Turnover

For the Credit Services subindustry, Asia Sermkij Leasing 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 Sermkij Leasing PCL's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Asia Sermkij Leasing PCL's Receivables Turnover distribution charts can be found below:

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

Asia Sermkij Leasing PCL Receivables Turnover Calculation

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

Asia Sermkij Leasing 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 )
=	6315.324	/ (	(0	+	0)	/	1 )
=	6315.324	/	0
=	N/A

Asia Sermkij Leasing 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 )
=	1630.928	/ (	(0	+	75.065)	/	1 )
=	1630.928	/	75.065
=	21.73

Asia Sermkij Leasing PCL (BKK:ASK) 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 Sermkij Leasing PCL Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Asia Sermkij Leasing PCL's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Asia Sermkij Leasing PCL (BKK:ASK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Asia Sermkij Leasing PCL (BKK:ASK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Sathorn Road, 175 Sathorn City Tower, 24th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.ask.co.th

Asia Sermkij Leasing PCL operates hire purchase business for all types of automobiles in the form of new car financing to its customers in Bangkok and metropolitan area. Subsequently, the company has expanded its business into used car hire purchase, personal loan and floor plan financing as well as other services such as auto registration, tax renewal, and insurance services. The business operation can be classified into five operating segments: The hire purchase segment, The leasing segment, The loan segment, The factoring segment, The insurance broker segment. A major part of the revenue is generated from hire purchase division.

Asia Sermkij Leasing PCL (BKK:ASK) Headlines

No Headlines