Chase Asia PCL (BKK:CHASE) Receivables Turnover : 139.31 (As of Sep. 2023)

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What is Chase Asia 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. Chase Asia PCL's Revenue for the three months ended in Sep. 2023 was ฿178.5 Mil. Chase Asia PCL's average Accounts Receivable for the three months ended in Sep. 2023 was ฿1.3 Mil. Hence, Chase Asia PCL's Receivables Turnover for the three months ended in Sep. 2023 was 139.31.

Chase Asia PCL Receivables Turnover Historical Data

The historical data trend for Chase Asia 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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Chase Asia PCL Receivables Turnover Chart

Chase Asia PCL Annual Data

Trend

Dec20

Dec21

Receivables Turnover

424.78

833.59

Chase Asia PCL Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial						43.58	26.93	30.56	78.68	139.31

Competitive Comparison of Chase Asia PCL's Receivables Turnover

For the Credit Services subindustry, Chase Asia 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.

Chase Asia PCL's Receivables Turnover Distribution in the Credit Services Industry

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

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

Chase Asia PCL Receivables Turnover Calculation

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

Chase Asia PCL's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	781.073	/ (	(1.719	+	0.155)	/	2 )
=	781.073	/	0.937
=	833.59

Chase Asia PCL's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	178.454	/ (	(1.402	+	1.16)	/	2 )
=	178.454	/	1.281
=	139.31

Chase Asia PCL (BKK:CHASE) 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.

Chase Asia PCL Receivables Turnover Related Terms

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Chase Asia PCL (BKK:CHASE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Chase Asia PCL (BKK:CHASE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vibhavadi Rangsit Road, No. 8/9-10 Soi Vibhavadi Rangsit 44, Ladyao Subdistrict, Chatuchak District, Bangkok, THA, 10900

Website

https://www.chase.co.th

Chase Asia PCL is an investment holding company. The company's segment includes Debt collection service; Management of non-performing assets and Lending service. It generates maximum revenue from the Management of non-performing assets segment.

Chase Asia PCL (BKK:CHASE) Headlines

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