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Pico (Thailand) PCL (BKK:PICO-F) Receivables Turnover : 1.76 (As of Jan. 2024)


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What is Pico (Thailand) 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. Pico (Thailand) PCL's Revenue for the three months ended in Jan. 2024 was ฿280 Mil. Pico (Thailand) PCL's average Accounts Receivable for the three months ended in Jan. 2024 was ฿159 Mil. Hence, Pico (Thailand) PCL's Receivables Turnover for the three months ended in Jan. 2024 was 1.76.


Pico (Thailand) PCL Receivables Turnover Historical Data

The historical data trend for Pico (Thailand) 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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Pico (Thailand) PCL Receivables Turnover Chart

Pico (Thailand) PCL Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.57 6.38 11.58 10.70 7.05

Pico (Thailand) PCL Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.65 1.70 0.89 1.98 1.76

Competitive Comparison of Pico (Thailand) PCL's Receivables Turnover

For the Advertising Agencies subindustry, Pico (Thailand) 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.


Pico (Thailand) PCL's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pico (Thailand) PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pico (Thailand) PCL's Receivables Turnover falls into.



Pico (Thailand) PCL Receivables Turnover Calculation

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

Pico (Thailand) PCL's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=1035.526 / ((142.483 + 151.326) / 2 )
=1035.526 / 146.9045
=7.05

Pico (Thailand) PCL's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=279.749 / ((151.326 + 167.296) / 2 )
=279.749 / 159.311
=1.76

* 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.


Pico (Thailand) PCL  (BKK:PICO-F) 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.


Pico (Thailand) PCL Receivables Turnover Related Terms

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Pico (Thailand) PCL (BKK:PICO-F) Business Description

Traded in Other Exchanges
Address
10 Soi Lasalle 56 Sukhumvit Road, Bangna Tai, Bangkok, THA, 10260
Pico (Thailand) PCL offers experiential marketing services. The company along with its subsidiaries operates in five segments including, exhibition business, event marketing business, museum exhibit business, knowledge communication business, and organizer business. Its operations are mainly carried out in Thailand.

Pico (Thailand) PCL (BKK:PICO-F) Headlines

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