Chow Steel Industries PCL (BKK:CHOW) Receivables Turnover : 2.18 (As of Mar. 2024)

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What is Chow Steel Industries 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. Chow Steel Industries PCL's Revenue for the three months ended in Mar. 2024 was ฿1,275 Mil. Chow Steel Industries PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿585 Mil. Hence, Chow Steel Industries PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.18.

Chow Steel Industries PCL Receivables Turnover Historical Data

The historical data trend for Chow Steel Industries 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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Chow Steel Industries PCL Receivables Turnover Chart

Chow Steel Industries PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

1.35

1.10

0.66

3.37

7.27

Chow Steel Industries 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															1.39	2.21	2.58	1.78	2.18

Competitive Comparison of Chow Steel Industries PCL's Receivables Turnover

For the Steel subindustry, Chow Steel Industries 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.

Chow Steel Industries PCL's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chow Steel Industries PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chow Steel Industries PCL's Receivables Turnover falls into.

Chow Steel Industries PCL Receivables Turnover Calculation

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

Chow Steel Industries 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 )
=	3369.303	/ (	(327.088	+	599.299)	/	2 )
=	3369.303	/	463.1935
=	7.27

Chow Steel Industries 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 )
=	1274.785	/ (	(599.299	+	571.431)	/	2 )
=	1274.785	/	585.365
=	2.18

Chow Steel Industries PCL (BKK:CHOW) 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.

Chow Steel Industries PCL Receivables Turnover Related Terms

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Chow Steel Industries PCL (BKK:CHOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chow Steel Industries PCL (BKK:CHOW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

2525 FYI Center, Rama 4 Road, Tower 2, 10th Floor, Unit 2/1007-1008, Khlongtoei Sub-district, Khlongtoei District, Bangkok, THA, 10110

Website

http://www.chowsteel.com

Chow Steel Industries PCL is engaged in the business of manufacturing and distribution of steel billet and renewable energy. Its products are used for the production of round bars, deformed bars, and wire rods. Geographically all the business activity functions through Thailand. The business activity of the company is operated through six segments which are Original Equipment Manufacturer (OEM) business, Trading of steel billets business, Investment in renewable power plant business, Consultancy on investments related to the renewable energy business, Cryptocurrency business and Other businesses. The company offers its products to both Thailand and overseas markets.

Chow Steel Industries PCL (BKK:CHOW) Headlines

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