BTS Group Holdings (BKK:BTS) Receivables Turnover : 7.78 (As of Dec. 2023)

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What is BTS Group Holdings 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. BTS Group Holdings's Revenue for the three months ended in Dec. 2023 was ฿5,063 Mil. BTS Group Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was ฿651 Mil. Hence, BTS Group Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 7.78.

BTS Group Holdings Receivables Turnover Historical Data

The historical data trend for BTS Group Holdings'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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BTS Group Holdings Receivables Turnover Chart

BTS Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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35.19

30.16

50.78

45.10

27.24

BTS Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.66	6.34	7.59	6.29	7.78

Competitive Comparison of BTS Group Holdings's Receivables Turnover

For the Railroads subindustry, BTS Group Holdings'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.

BTS Group Holdings's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BTS Group Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BTS Group Holdings's Receivables Turnover falls into.

BTS Group Holdings Receivables Turnover Calculation

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

BTS Group Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	18018.177	/ (	(668	+	655)	/	2 )
=	18018.177	/	661.5
=	27.24

BTS Group Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5062.526	/ (	(557	+	745)	/	2 )
=	5062.526	/	651
=	7.78

BTS Group Holdings (BKK:BTS) 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.

BTS Group Holdings Receivables Turnover Related Terms

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BTS Group Holdings (BKK:BTS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » BTS Group Holdings PLC (BKK:BTS) » Definitions » Receivables Turnover

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BTS-F:Thailand

Address

21 Soi Choei Phuang, Viphavadi-Rangsit Road, 15th Floor, TST Tower, Jompol, Jatujak, Bangkok, THA, 10900

Website

https://www.btsgroup.co.th

BTS Group Holdings PLC is a transport and media company domiciled in Thailand. The company's segments include Move; Mix and Match. It generates maximum revenue from the Move segment. Move segment accounts for the provision of mass transportation services for rail and other. The revenue and cost consist of the electric rail's operating and maintenance service, electric rail's installation and construction services, train procurement services and other related services as well as the provision of the bus rapid transit.

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