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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. Modernform Group PCL's Revenue for the
three
months ended in Mar. 2026 was ฿448 Mil. Modernform Group PCL's average Accounts Receivable for the
three
months ended in Mar. 2026 was ฿240 Mil.
Hence, Modernform Group PCL's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.87.
Modernform Group PCL (BKK:MODERN) 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.
Modernform Group PCL Receivables Turnover Related Terms
Modernform Group PCL Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Modernform Group 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.
BKK:MODERN vs SN, SGI, MHK: Receivables Turnover Comparison
For the Furnishings, Fixtures & Appliances subindustry, Modernform Group 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.
Modernform Group PCL Receivables Turnover vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Modernform Group PCL's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Modernform Group PCL's Receivables Turnover falls into.
* 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.
Modernform Group PCL (BKK:MODERN) has a Receivables Turnover of 1.87 as of Mar. 2026. The accounts 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. View historical data on Modernform Group PCL and its competitors. According to the industry distribution chart, Modernform Group PCL ranks #165 out of 431 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 38.3%.
Is Modernform Group PCL's Receivables Turnover too high?
Modernform Group PCL's current Receivables Turnover is 1.87. The Furnishings, Fixtures & Appliances industry median Receivables Turnover is 7.07. Modernform Group PCL's value of 1.87 is 73.6% below this industry median. Based on the distribution chart, Modernform Group PCL ranks #165 out of 431 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Modernform Group PCL has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Modernform Group PCL's Receivables Turnover compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Modernform Group PCL ranks #165 out of 431 companies for Receivables Turnover. This puts Modernform Group PCL in the upper half of its industry. The industry median Receivables Turnover is 7.07. Modernform Group PCL's value of 1.87 is 73.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Furnishings, Fixtures & Appliances company?
The median Receivables Turnover among Furnishings, Fixtures & Appliances companies is 7.07, based on 431 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Modernform Group PCL's current Receivables Turnover of 1.87 is 73.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Modernform Group PCL and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Receivables Turnover is 7.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Modernform Group PCL's current Receivables Turnover is 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modernform Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Modernform Group PCL (BKK:MODERN) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.06, compared to a current price of ฿2.02 — trading 1.9% below its estimated fair value. The current Receivables Turnover is 1.87 and 73.6% below the Furnishings, Fixtures & Appliances industry median of 7.07. Modernform Group PCL's overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Modernform Group PCL (BKK:MODERN), the current Receivables Turnover is 1.87 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Modernform Group PCL (BKK:MODERN) Overvalued in 2026?
Based on GuruFocus' analysis, Modernform Group PCL stock appears to be undervalued.
The current stock price of ฿2.02 is trading 1.9% below its estimated GF Value™ of ฿2.06.
GuruFocus considers Modernform Group PCL to be Fairly Valued.
Key valuation signals for BKK:MODERN:
Receivables Turnover: 1.87
GF Value™: ฿2.06 vs. price of ฿2.02 (1.9% below fair value)
Industry Position: 73.6% below the Furnishings, Fixtures & Appliances median (#165 of 431)
No single metric tells the full story. See the BKK:MODERN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Modernform Group PCL is involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four reportable segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business. A majority of its revenue is generated from the furniture business, which consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.
58GF Score
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