PanelesMatic Solutions PCL (BKK:PANEL) Receivables Turnover : 2.33 (As of Mar. 2024)

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What is PanelesMatic Solutions 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. PanelesMatic Solutions PCL's Revenue for the three months ended in Mar. 2024 was ฿26.80 Mil. PanelesMatic Solutions PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿11.52 Mil. Hence, PanelesMatic Solutions PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.33.

PanelesMatic Solutions PCL Receivables Turnover Historical Data

The historical data trend for PanelesMatic Solutions 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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PanelesMatic Solutions PCL Receivables Turnover Chart

PanelesMatic Solutions PCL Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

6.99

7.87

PanelesMatic Solutions PCL Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			2.30	2.81	1.57	2.87	2.33

Competitive Comparison of PanelesMatic Solutions PCL's Receivables Turnover

For the Engineering & Construction subindustry, PanelesMatic Solutions 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.

PanelesMatic Solutions PCL's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, PanelesMatic Solutions PCL's Receivables Turnover distribution charts can be found below:

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

PanelesMatic Solutions PCL Receivables Turnover Calculation

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

PanelesMatic Solutions PCL's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	110.202	/ (	(8.888	+	19.107)	/	2 )
=	110.202	/	13.9975
=	7.87

PanelesMatic Solutions PCL's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	26.795	/ (	(9.6	+	13.446)	/	2 )
=	26.795	/	11.523
=	2.33

PanelesMatic Solutions PCL (BKK:PANEL) 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.

PanelesMatic Solutions PCL Receivables Turnover Related Terms

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PanelesMatic Solutions PCL (BKK:PANEL) Business Description

Industry

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Address

Website

PanelesMatic Solutions PCL provides a complete solution from import, production, supply, installation, decoration and after-sales service of Doors & Walls.

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