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Salee Industry PCL (BKK:SALEE-R) Receivables Turnover : 1.02 (As of Mar. 2024)


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What is Salee Industry 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. Salee Industry PCL's Revenue for the three months ended in Mar. 2024 was ฿346 Mil. Salee Industry PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿341 Mil. Hence, Salee Industry PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.02.


Salee Industry PCL Receivables Turnover Historical Data

The historical data trend for Salee Industry 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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Salee Industry PCL Receivables Turnover Chart

Salee Industry PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.57 4.32 4.15 4.68 4.00

Salee Industry PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.03 0.91 0.91 0.97 1.02

Competitive Comparison of Salee Industry PCL's Receivables Turnover

For the Specialty Chemicals subindustry, Salee Industry 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.


Salee Industry PCL's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Salee Industry PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Salee Industry PCL's Receivables Turnover falls into.



Salee Industry PCL Receivables Turnover Calculation

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

Salee Industry PCL's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=1294.274 / ((329.37 + 317.285) / 2 )
=1294.274 / 323.3275
=4.00

Salee Industry 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: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=345.846 / ((317.285 + 364.144) / 2 )
=345.846 / 340.7145
=1.02

* 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.


Salee Industry PCL  (BKK:SALEE-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.


Salee Industry PCL Receivables Turnover Related Terms

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Salee Industry PCL (BKK:SALEE-R) Business Description

Traded in Other Exchanges
Address
No. 18 Moo 10, Tumbol Klong Si, Amphur Klong Luang, Pathumthani, THA, 12120
Salee Industry PCL is a company that is principally engaged in the manufacture and distribution of plastic supplies, parts, tools, and equipment. Its business segments are Manufacture and distribution of plastic parts; Label printing services; Manufacture and distribution of household plastic supplies; and Manufacture and distribution of religious supplies. The company operates its business in Thailand which is the key revenue driver, Australia, Myanmar, New Zealand, and others.

Salee Industry PCL (BKK:SALEE-R) Headlines

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