Bangkok Lab and Cosmetic PCL (BKK:BLC) Receivables Turnover : 1.08 (As of Mar. 2024)

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What is Bangkok Lab and Cosmetic 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. Bangkok Lab and Cosmetic PCL's Revenue for the three months ended in Mar. 2024 was ฿365 Mil. Bangkok Lab and Cosmetic PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿337 Mil. Hence, Bangkok Lab and Cosmetic PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.08.

Bangkok Lab and Cosmetic PCL Receivables Turnover Historical Data

The historical data trend for Bangkok Lab and Cosmetic 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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Bangkok Lab and Cosmetic PCL Receivables Turnover Chart

Bangkok Lab and Cosmetic PCL Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

4.44

4.53

4.34

Bangkok Lab and Cosmetic PCL Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					1.06	1.04	1.19	1.25	1.08

Competitive Comparison of Bangkok Lab and Cosmetic PCL's Receivables Turnover

For the Household & Personal Products subindustry, Bangkok Lab and Cosmetic 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.

Bangkok Lab and Cosmetic PCL's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bangkok Lab and Cosmetic PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bangkok Lab and Cosmetic PCL's Receivables Turnover falls into.

Bangkok Lab and Cosmetic PCL Receivables Turnover Calculation

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

Bangkok Lab and Cosmetic 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 )
=	1406.184	/ (	(301.98	+	346.5)	/	2 )
=	1406.184	/	324.24
=	4.34

Bangkok Lab and Cosmetic 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 )
=	365.113	/ (	(346.5	+	326.907)	/	2 )
=	365.113	/	336.7035
=	1.08

Bangkok Lab and Cosmetic PCL (BKK:BLC) 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.

Bangkok Lab and Cosmetic PCL Receivables Turnover Related Terms

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Bangkok Lab and Cosmetic PCL (BKK:BLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bangkok Lab and Cosmetic PCL (BKK:BLC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nong Chae Sao Road, No. 48/1 Moo 5, Nam Phu, Mueang Ratchaburi, Ratchaburi, Bangkok, THA, 70000

Website

https://www.bangkoklab.co.th

Bangkok Lab and Cosmetic PCL are one of Thailand's comprehensive healthcare solutions groups. Its operation covers the complete value chain of the healthcare business. Its product portfolio comprises generic and new generic drugs, herbal medicines, animal medicines, cosmetics, food supplements, and other health products. Its operation ranges from research and development, manufacturing with international standards, sales, and marketing, to distribution to partnering businesses and customers.

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