Prosper Engineering PCL (BKK:PROS) Receivables Turnover : 2.32 (As of Dec. 2024)

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What is Prosper Engineering 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. Prosper Engineering PCL's Revenue for the three months ended in Dec. 2024 was ฿423 Mil. Prosper Engineering PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿182 Mil. Hence, Prosper Engineering PCL's Receivables Turnover for the three months ended in Dec. 2024 was 2.32.

Prosper Engineering PCL Receivables Turnover Historical Data

The historical data trend for Prosper Engineering 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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Prosper Engineering PCL Receivables Turnover Chart

Prosper Engineering PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.55

4.96

6.70

5.83

11.02

Prosper Engineering PCL Quarterly Data
	Dec19	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															2.49	2.20	1.98	2.41	2.32

Competitive Comparison of Prosper Engineering PCL's Receivables Turnover

For the Engineering & Construction subindustry, Prosper Engineering 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.

Prosper Engineering PCL's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Prosper Engineering PCL's Receivables Turnover falls into.

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Prosper Engineering PCL Receivables Turnover Calculation

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

Prosper Engineering 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 )
=	1496.294	/ (	(114.006	+	157.596)	/	2 )
=	1496.294	/	135.801
=	11.02

Prosper Engineering 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 )
=	422.617	/ (	(206.613	+	157.596)	/	2 )
=	422.617	/	182.1045
=	2.32

Prosper Engineering PCL (BKK:PROS) 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.

Prosper Engineering PCL Receivables Turnover Related Terms

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Prosper Engineering PCL Business Description

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PROS-R:Thailand

Address

Nakniwat Road, No. 11 Soi Nakniwat 20, Ladphrao, Bangkok, THA, 10230

Website

https://www.prosperengineering.co.th

Prosper Engineering PCL is a provider of electrical and communication systems, air conditioning and ventilation system, sanitary and fire protection system distribution of materials for M&E systems and maintenance services after completion of installation and architectural works. It operates and installs engineering systems in various types of buildings, shopping centers, large superstores, product distribution centers, mobile telephone network centers, information centers, residential buildings, office buildings, government and public sector buildings, hospitals, and industrial factories. The company has two segments: M&E engineering Segment and Civil & Structure Engineering Segment. It derives maximum revenue from M&E engineering Segment.