Pan Asia Footwear PCL (BKK:PAF-R) Receivables Turnover : 2.43 (As of Mar. 2025)

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What is Pan Asia Footwear 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. Pan Asia Footwear PCL's Revenue for the three months ended in Mar. 2025 was ฿468 Mil. Pan Asia Footwear PCL's average Accounts Receivable for the three months ended in Mar. 2025 was ฿192 Mil. Hence, Pan Asia Footwear PCL's Receivables Turnover for the three months ended in Mar. 2025 was 2.43.

Pan Asia Footwear PCL Receivables Turnover Historical Data

The historical data trend for Pan Asia Footwear 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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Pan Asia Footwear PCL Receivables Turnover Chart

Pan Asia Footwear PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.22

4.99

7.90

12.16

12.17

Pan Asia Footwear 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															2.08	2.67	2.38	3.38	2.43

Competitive Comparison of Pan Asia Footwear PCL's Receivables Turnover

For the Footwear & Accessories subindustry, Pan Asia Footwear 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.

Pan Asia Footwear PCL's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Pan Asia Footwear PCL's Receivables Turnover falls into.

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Pan Asia Footwear PCL Receivables Turnover Calculation

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

Pan Asia Footwear 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 )
=	2540.33	/ (	(248.016	+	169.408)	/	2 )
=	2540.33	/	208.712
=	12.17

Pan Asia Footwear 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 )
=	467.566	/ (	(169.408	+	214.643)	/	2 )
=	467.566	/	192.0255
=	2.43

Pan Asia Footwear PCL (BKK:PAF-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.

Pan Asia Footwear PCL Receivables Turnover Related Terms

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Pan Asia Footwear PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pan Asia Footwear PCL (BKK:PAF-R) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PAF:Thailand

Address

620/5 Moo 11, Tambol Nongkharm, Aumphur Siracha, Chonburi, THA, 20230

Website

http://www.panasiafootwear.com

Pan Asia Footwear PCL operates in the footwear and related accessories segments in Thailand. The group's business activities consist of manufacturing, distributing, and exporting footwear products. The company operates in four segments: Manufacture and distribution of footwear and bags; Manufacture of soles and parts for footwear; Production support business; and Organic farming business and others. Geographically the activities of the group function throughout the region of Thailand. It derives a majority of its revenue from the manufacture and distribution of footwear and bags.

Pan Asia Footwear PCL Headlines

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