Dexon Technology PCL (BKK:DEXON) Receivables Turnover : 1.51 (As of Sep. 2023)

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What is Dexon Technology 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. Dexon Technology PCL's Revenue for the three months ended in Sep. 2023 was ฿116.7 Mil. Dexon Technology PCL's average Accounts Receivable for the three months ended in Sep. 2023 was ฿77.2 Mil. Hence, Dexon Technology PCL's Receivables Turnover for the three months ended in Sep. 2023 was 1.51.

Dexon Technology PCL Receivables Turnover Historical Data

The historical data trend for Dexon Technology 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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Dexon Technology PCL Receivables Turnover Chart

Dexon Technology PCL Annual Data

Trend

Dec21

Dec22

Receivables Turnover

5.07

4.98

Dexon Technology PCL Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			-	1.35	1.28	1.63	1.51

Competitive Comparison of Dexon Technology PCL's Receivables Turnover

For the Oil & Gas Equipment & Services subindustry, Dexon Technology 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.

Dexon Technology PCL's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Dexon Technology PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dexon Technology PCL's Receivables Turnover falls into.

Dexon Technology PCL Receivables Turnover Calculation

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

Dexon Technology PCL's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	608.506	/ (	(85.442	+	158.994)	/	2 )
=	608.506	/	122.218
=	4.98

Dexon Technology 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 )
=	116.654	/ (	(86.407	+	67.99)	/	2 )
=	116.654	/	77.1985
=	1.51

Dexon Technology PCL (BKK:DEXON) 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.

Dexon Technology PCL Receivables Turnover Related Terms

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Dexon Technology PCL (BKK:DEXON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dexon Technology PCL (BKK:DEXON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

78/4-5 Moo 6, Sukhumvit Road, Ban Chang, Rayong, THA, 21130

Website

https://www.dexon-technology.com

Dexon Technology PCL is engaged in providing non-destructive inspection services, inspection training across the board of inspection standards and distributor of tools, spare parts and equipment used for the inspection of goods quality. The company's operating segments include Research and development innovation segment, Advanve In-line inspection technology segment, Advance non-destructive testing technology segment, Asset integrity management service segment, and Conventional non-destructive inspection segment.

Dexon Technology PCL (BKK:DEXON) Headlines

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