CPL Group PCL (BKK:CPL) Receivables Turnover : 2.22 (As of Mar. 2024)

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What is CPL Group 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. CPL Group PCL's Revenue for the three months ended in Mar. 2024 was ฿549 Mil. CPL Group PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿247 Mil. Hence, CPL Group PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.22.

CPL Group PCL Receivables Turnover Historical Data

The historical data trend for CPL Group 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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CPL Group PCL Receivables Turnover Chart

CPL Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.91

7.22

8.61

11.02

8.31

CPL Group 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															2.19	1.91	1.98	1.64	2.22

Competitive Comparison of CPL Group PCL's Receivables Turnover

For the Footwear & Accessories subindustry, CPL Group 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.

CPL Group PCL's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, CPL Group PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CPL Group PCL's Receivables Turnover falls into.

CPL Group PCL Receivables Turnover Calculation

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

CPL Group 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 )
=	1841.485	/ (	(206.756	+	236.614)	/	2 )
=	1841.485	/	221.685
=	8.31

CPL Group 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 )
=	548.766	/ (	(236.614	+	257.922)	/	2 )
=	548.766	/	247.268
=	2.22

CPL Group PCL (BKK:CPL) 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.

CPL Group PCL Receivables Turnover Related Terms

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CPL Group PCL (BKK:CPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CPL Group PCL (BKK:CPL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Moo 6 Sukhumvit Road, Bangpoo-Mai, Mueang Samutprakran, Samutprakarn, THA, 10280

Website

https://www.cpl.co.th

CPL Group PCL is a leather manufacturer. It is engaged in the manufacturing and distribution of leather products, rendering of tanning service and manufacturing and distribution of personal protective equipment. Its product range includes Full Grain Leather and Suede Split Leather. Its leather is Nubuck Leather, Oil & Wax Leather, Pigment Leather, Sued Leather and Water Proof Leather. Its products manufactured for delivery to domestic and foreign shoe factories. The company's segments are Tannery industry segment which has revenue from sales of finished leather products and rendering service of tanning and Personal protective equipment segment which has revenue from sales of personal protective equipment products.