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Firetrade Engineering PCL (BKK:FTE) Receivables Turnover : 1.18 (As of Mar. 2024)


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What is Firetrade Engineering 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. Firetrade Engineering PCL's Revenue for the three months ended in Mar. 2024 was ฿291 Mil. Firetrade Engineering PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿246 Mil. Hence, Firetrade Engineering PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.


Firetrade Engineering PCL Receivables Turnover Historical Data

The historical data trend for Firetrade Engineering 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.

* Premium members only.

Firetrade Engineering PCL Receivables Turnover Chart

Firetrade Engineering PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.65 4.30 4.43 4.51 4.64

Firetrade Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 1.13 1.32 1.30 1.18

Competitive Comparison of Firetrade Engineering PCL's Receivables Turnover

For the Security & Protection Services subindustry, Firetrade Engineering 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.


Firetrade Engineering PCL's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Firetrade Engineering PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Firetrade Engineering PCL's Receivables Turnover falls into.



Firetrade Engineering PCL Receivables Turnover Calculation

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

Firetrade Engineering 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 )
=1144.917 / ((257.006 + 236.777) / 2 )
=1144.917 / 246.8915
=4.64

Firetrade Engineering 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 )
=291.445 / ((236.777 + 255.733) / 2 )
=291.445 / 246.255
=1.18

* 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.


Firetrade Engineering PCL  (BKK:FTE) 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.


Firetrade Engineering PCL Receivables Turnover Related Terms

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Firetrade Engineering PCL (BKK:FTE) Business Description

Traded in Other Exchanges
N/A
Address
1198/5 Rama 9 Road, Phattanakan Sub-district, Suanluang District, Bangkok, THA, 10250
Firetrade Engineering PCL is engaged in the sales of fire protection equipment and systems, design, installation, repair, and maintenance of fire protection systems. The group operates in two main business segments, namely sales of fire protection equipment systems and project works and services. Its products include fire protection equipment, foam system, cold water, and sanitary valves. The sales of the fire protection equipment systems segment act as a revenue driver for the firm. Its operations are in a single geographic area mainly in Thailand.

Firetrade Engineering PCL (BKK:FTE) Headlines

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