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Harn Engineering Solutions PCL (BKK:HARN) Receivables Turnover : 1.31 (As of Dec. 2024)


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What is Harn Engineering Solutions 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. Harn Engineering Solutions PCL's Revenue for the three months ended in Dec. 2024 was ฿364 Mil. Harn Engineering Solutions PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿277 Mil. Hence, Harn Engineering Solutions PCL's Receivables Turnover for the three months ended in Dec. 2024 was 1.31.


Harn Engineering Solutions PCL Receivables Turnover Historical Data

The historical data trend for Harn Engineering Solutions 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.

Harn Engineering Solutions PCL Receivables Turnover Chart

Harn Engineering Solutions PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.72 4.78 5.42 5.38 4.54

Harn Engineering Solutions PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.28 1.04 1.13 1.36 1.31

Competitive Comparison of Harn Engineering Solutions PCL's Receivables Turnover

For the Security & Protection Services subindustry, Harn Engineering Solutions 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.


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

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

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


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Harn Engineering Solutions PCL Receivables Turnover Calculation

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

Harn Engineering Solutions PCL's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=1239.043 / ((255.679 + 290.2) / 2 )
=1239.043 / 272.9395
=4.54

Harn Engineering Solutions PCL's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=363.719 / ((263.376 + 290.2) / 2 )
=363.719 / 276.788
=1.31

* 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.


Harn Engineering Solutions PCL  (BKK:HARN) 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.


Harn Engineering Solutions PCL Receivables Turnover Related Terms

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Harn Engineering Solutions PCL Business Description

Traded in Other Exchanges
Address
559 Soi Soonvijai 4, Rama 9 Road, Bangkapi, Huaykwang, Bangkok, THA, 10310
Harn Engineering Solutions PCL is engaged in wholesaling, retailing, repairing, renting, leasing, contracting, and installing fire protection systems and fire suppression agents, trading cold storage devices, trading, repairing, and renting printing equipment. The company operates in five segments namely, Fire protection products and project segment which contributes a majority part of revenue, Sanitary and Air-Conditioning System, Refrigeration System, Digital printing system, and Building-IoT Solutions segment.

Harn Engineering Solutions PCL Headlines

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