Premier Technology PCL (BKK:PT) Receivables Turnover : 1.61 (As of Dec. 2024)

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What is Premier Technology 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. Premier Technology PCL's Revenue for the three months ended in Dec. 2024 was ฿1,172 Mil. Premier Technology PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿729 Mil. Hence, Premier Technology PCL's Receivables Turnover for the three months ended in Dec. 2024 was 1.61.

Premier Technology PCL Receivables Turnover Historical Data

The historical data trend for Premier Technology 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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Premier Technology PCL Receivables Turnover Chart

Premier Technology PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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6.86

5.74

6.37

7.63

5.80

Premier Technology 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															2.50	1.54	2.03	1.20	1.61

Competitive Comparison of Premier Technology PCL's Receivables Turnover

For the Information Technology Services subindustry, Premier Technology 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.

Premier Technology PCL's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Premier Technology PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Premier Technology PCL's Receivables Turnover falls into.

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Premier Technology PCL Receivables Turnover Calculation

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

Premier Technology 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 )
=	4016.7	/ (	(485.591	+	898.56)	/	2 )
=	4016.7	/	692.0755
=	5.80

Premier Technology 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 )
=	1171.703	/ (	(559.352	+	898.56)	/	2 )
=	1171.703	/	728.956
=	1.61

Premier Technology PCL (BKK:PT) 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.

Premier Technology PCL Receivables Turnover Related Terms

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Premier Technology PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Premier Technology PCL (BKK:PT) » Definitions » Receivables Turnover

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PT-R:Thailand

Address

Soi Premier 2, Srinakarin Road, 1 Premier Corporate Park, Kwang Nongbon, Khet Prawet, Bangkok, THA, 10250

Website

https://www.premier-technology.co.th

Premier Technology PCL provides office rental and invests in the information technology business. The company is engaged in provision of services relating to information technology systems. It offers hardware and software products including IT products, multimedia products, system and data management software, and application software. It also offers services including annual maintenance services, training, and consulting services, outsourcing services, and other services.