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Mitsib Leasing PCL (BKK:MITSIB) Receivables Turnover : 0.50 (As of Dec. 2023)


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What is Mitsib Leasing 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. Mitsib Leasing PCL's Revenue for the three months ended in Dec. 2023 was ฿200.4 Mil. Mitsib Leasing PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿403.2 Mil. Hence, Mitsib Leasing PCL's Receivables Turnover for the three months ended in Dec. 2023 was 0.50.


Mitsib Leasing PCL Receivables Turnover Historical Data

The historical data trend for Mitsib Leasing 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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Mitsib Leasing PCL Receivables Turnover Chart

Mitsib Leasing 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 1.20 1.21 1.27 1.04 1.57

Mitsib Leasing PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.42 0.37 0.36 0.34 0.50

Competitive Comparison of Mitsib Leasing PCL's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Mitsib Leasing 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.


Mitsib Leasing PCL's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsib Leasing PCL's Receivables Turnover distribution charts can be found below:

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



Mitsib Leasing PCL Receivables Turnover Calculation

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

Mitsib Leasing 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 )
=631.452 / ((403.119 + 401.262) / 2 )
=631.452 / 402.1905
=1.57

Mitsib Leasing PCL's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=200.413 / ((405.164 + 401.262) / 2 )
=200.413 / 403.213
=0.50

* 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.


Mitsib Leasing PCL  (BKK:MITSIB) 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.


Mitsib Leasing PCL Receivables Turnover Related Terms

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Mitsib Leasing PCL (BKK:MITSIB) Business Description

Traded in Other Exchanges
N/A
Address
No. 895-6 Moo 5, Srinakarin Road, Samrong Nuea Subdistrict, Mueang Samutprakan District, Samut Prakan, Bangkok, THA, 10270
Mitsib Leasing PCL are hire purchase and factoring. The company is engaged in the sale of cars and providing maintenance services of public transportations and providing retail loan to customers. The Group operates in four businesses which are sale of cars, hire purchase, factoring and other lending. Geographically, it operates only in Thailand.

Mitsib Leasing PCL (BKK:MITSIB) Headlines

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