KT Medical Service PCL (BKK:KTMS) Receivables Turnover : 0.83 (As of Sep. 2023)

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What is KT Medical Service 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. KT Medical Service PCL's Revenue for the three months ended in Sep. 2023 was ฿117.4 Mil. KT Medical Service PCL's average Accounts Receivable for the three months ended in Sep. 2023 was ฿142.0 Mil. Hence, KT Medical Service PCL's Receivables Turnover for the three months ended in Sep. 2023 was 0.83.

KT Medical Service PCL Receivables Turnover Historical Data

The historical data trend for KT Medical Service 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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KT Medical Service PCL Receivables Turnover Chart

KT Medical Service PCL Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

1.70

2.72

3.50

KT Medical Service PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial					0.88	0.91	0.96	0.92	0.83

Competitive Comparison of KT Medical Service PCL's Receivables Turnover

For the Medical Care Facilities subindustry, KT Medical Service 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.

KT Medical Service PCL's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, KT Medical Service PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KT Medical Service PCL's Receivables Turnover falls into.

KT Medical Service PCL Receivables Turnover Calculation

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

KT Medical Service 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 )
=	377.627	/ (	(103.087	+	112.523)	/	2 )
=	377.627	/	107.805
=	3.50

KT Medical Service 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 )
=	117.415	/ (	(141.848	+	142.223)	/	2 )
=	117.415	/	142.0355
=	0.83

KT Medical Service PCL (BKK:KTMS) 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.

KT Medical Service PCL Receivables Turnover Related Terms

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KT Medical Service PCL (BKK:KTMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » KT Medical Service PCL (BKK:KTMS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

95 Soi Ram Intra 117 Ram Intra Road, Khwaeng Minburi, Khet Minburi, Bangkok, THA, 10510

Website

https://www.ktms.co.th

KT Medical Service PCL is engaged in hemodialysis center, design, assembly and installation of pure water treatment system and service preventive maintenance of pure water treatment system for commercial and residential sector, industrial and original equipment manufacturing of water system sector and medical service sector. It has three segments which are Service of hemodialysis, Service of design and installation of pure water treatment system and service preventive maintenance of pure water treatment system for medical service and Services of design and installation of pneumatic tube system of equipment for medical service. The Group operates in Thailand.

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