MFEC PCL (BKK:MFEC-R) Receivables Turnover : 1.08 (As of Mar. 2025)

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What is MFEC 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. MFEC PCL's Revenue for the three months ended in Mar. 2025 was ฿1,564 Mil. MFEC PCL's average Accounts Receivable for the three months ended in Mar. 2025 was ฿1,451 Mil. Hence, MFEC PCL's Receivables Turnover for the three months ended in Mar. 2025 was 1.08.

MFEC PCL Receivables Turnover Historical Data

The historical data trend for MFEC 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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MFEC PCL Receivables Turnover Chart

MFEC PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.82

2.90

3.53

4.10

3.96

MFEC PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.21	1.50	1.52	1.28	1.08

Competitive Comparison of MFEC PCL's Receivables Turnover

For the Information Technology Services subindustry, MFEC 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.

MFEC PCL's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, MFEC PCL's Receivables Turnover distribution charts can be found below:

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

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MFEC PCL Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	6739.271	/ (	(1756.939	+	1648.351)	/	2 )
=	6739.271	/	1702.645
=	3.96

MFEC PCL's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	1563.933	/ (	(1648.351	+	1253.333)	/	2 )
=	1563.933	/	1450.842
=	1.08

MFEC PCL (BKK:MFEC-R) 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.

MFEC PCL Receivables Turnover Related Terms

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MFEC PCL Business Description

Industry

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MFEC:Thailand

Address

Vibhavadi Rangsit Road, 349 SJ Infinite One Business Complex, Chompol, Chatujak, Bangkok, THA, 10900

Website

https://www.mfec.co.th

MFEC PCL is involved in the sales of computers, computer systems, system implementation, maintenance service program development, and provision of related services. The firm operates in segments, which are IT Professional Services, System Integration, and Maintenance Services and Cloud computing service. Systems Integration involves the process of design, procurement, and implementation of computer systems and IT infrastructures. The majority of revenue is generated from Maintenance services. Maintenance services include telephone support through help-desk and hotline numbers, remote diagnosis, onsite standby, and troubleshooting.

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