New Plus Knitting PCL (BKK:NPK) Receivables Turnover : 1.33 (As of Dec. 2024)

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What is New Plus Knitting 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. New Plus Knitting PCL's Revenue for the three months ended in Dec. 2024 was ฿51.4 Mil. New Plus Knitting PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿38.7 Mil. Hence, New Plus Knitting PCL's Receivables Turnover for the three months ended in Dec. 2024 was 1.33.

New Plus Knitting PCL Receivables Turnover Historical Data

The historical data trend for New Plus Knitting 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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New Plus Knitting PCL Receivables Turnover Chart

New Plus Knitting PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.36

4.02

5.65

6.21

6.47

New Plus Knitting PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.00	1.53	1.38	1.68	1.33

Competitive Comparison of New Plus Knitting PCL's Receivables Turnover

For the Apparel Manufacturing subindustry, New Plus Knitting 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.

New Plus Knitting PCL's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, New Plus Knitting PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where New Plus Knitting PCL's Receivables Turnover falls into.

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New Plus Knitting PCL Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	220.375	/ (	(32.102	+	36.008)	/	2 )
=	220.375	/	34.055
=	6.47

New Plus Knitting PCL's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	51.369	/ (	(41.349	+	36.008)	/	2 )
=	51.369	/	38.6785
=	1.33

New Plus Knitting PCL (BKK:NPK) 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.

New Plus Knitting PCL Receivables Turnover Related Terms

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New Plus Knitting PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » New Plus Knitting PCL (BKK:NPK) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

34 Moo 20 Suvintawong Road, Saladang Sub-district, Bang Nam Priao District, Chachoengsao, THA, 24000

Website

https://www.newplus.co.th

New Plus Knitting PCL is engaged in the manufacture and distribution of pantyhose socks, underwear, and other related products. The company's operating segment includes the Knitting process: Hosiery, sock; Fabric process: Clothes; and Income for rent and services, and Income from Inventories. It generates maximum revenue from the Knitting process: Hosiery, and sock segment.