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Krungthai Car Rent And Lease PCL (BKK:KCAR-F) Receivables Turnover : 3.55 (As of Jun. 2024)


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What is Krungthai Car Rent And Lease 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. Krungthai Car Rent And Lease PCL's Revenue for the three months ended in Jun. 2024 was ฿517 Mil. Krungthai Car Rent And Lease PCL's average Accounts Receivable for the three months ended in Jun. 2024 was ฿146 Mil. Hence, Krungthai Car Rent And Lease PCL's Receivables Turnover for the three months ended in Jun. 2024 was 3.55.


Krungthai Car Rent And Lease PCL Receivables Turnover Historical Data

The historical data trend for Krungthai Car Rent And Lease 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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Krungthai Car Rent And Lease PCL Receivables Turnover Chart

Krungthai Car Rent And Lease 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 13.84 15.36 13.27 11.96 13.08

Krungthai Car Rent And Lease PCL Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 3.67 4.00 3.87 3.51 3.55

Competitive Comparison of Krungthai Car Rent And Lease PCL's Receivables Turnover

For the Rental & Leasing Services subindustry, Krungthai Car Rent And Lease 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.


Krungthai Car Rent And Lease PCL's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Krungthai Car Rent And Lease PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Krungthai Car Rent And Lease PCL's Receivables Turnover falls into.



Krungthai Car Rent And Lease PCL Receivables Turnover Calculation

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

Krungthai Car Rent And Lease 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 )
=2106.474 / ((199.378 + 122.638) / 2 )
=2106.474 / 161.008
=13.08

Krungthai Car Rent And Lease PCL's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=516.749 / ((149.846 + 141.504) / 2 )
=516.749 / 145.675
=3.55

* 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.


Krungthai Car Rent And Lease PCL  (BKK:KCAR-F) 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.


Krungthai Car Rent And Lease PCL Receivables Turnover Related Terms

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Krungthai Car Rent And Lease PCL Business Description

Traded in Other Exchanges
Address
No. 455/1 Rama 3 Road, Kwang Bangklo, Khet Bangkorlaem, Bangkok, THA, 10120
Krungthai Car Rent And Lease PCL are engaged in the rental business. It is engaged in operating lease in car rental business and selling of used cars. In addition, the company offers car maintenance services, such as fitting and repairing services. It operates in the following segments; Car rent of operating segment and the Used car distribution segment. The firm generates maximum revenue from its Car rent of operating segment. It caters its services to corporate clients, including government agencies and private companies, as well as individual clients. Its vehicle models for rentals include economy, compact, intermediate and sports utility vehicles.

Krungthai Car Rent And Lease PCL Headlines

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