Starflex PCL (BKK:SFLEX) Receivables Turnover : 1.41 (As of Mar. 2024)

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What is Starflex 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. Starflex PCL's Revenue for the three months ended in Mar. 2024 was ฿485 Mil. Starflex PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿343 Mil. Hence, Starflex PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.41.

Starflex PCL Receivables Turnover Historical Data

The historical data trend for Starflex 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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Starflex PCL Receivables Turnover Chart

Starflex PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.45

5.62

5.85

6.02

6.44

Starflex 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															1.75	1.59	1.50	1.47	1.41

Competitive Comparison of Starflex PCL's Receivables Turnover

For the Packaging & Containers subindustry, Starflex 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.

Starflex PCL's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Starflex PCL's Receivables Turnover distribution charts can be found below:

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

Starflex PCL Receivables Turnover Calculation

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

Starflex 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 )
=	1794.606	/ (	(242.317	+	314.843)	/	2 )
=	1794.606	/	278.58
=	6.44

Starflex 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 )
=	485.008	/ (	(314.843	+	371.505)	/	2 )
=	485.008	/	343.174
=	1.41

Starflex PCL (BKK:SFLEX) 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.

Starflex PCL Receivables Turnover Related Terms

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Starflex PCL (BKK:SFLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Starflex PCL (BKK:SFLEX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

189 / 48-49 Moo.3, Theparak Road, T. Bangpreang, A. Bangbo, Samutprakan, Bangkok, THA, 10560

Website

https://www.starflex.co.th

Starflex PCL is engaged in the manufacture and distribution of flexible packaging. The company provides packaging for home and personal products, medical products, and food industries. There are three operating business segments: Packaging products for food, Packaging products for non-food, and Other segment. Non-food packaging segment generates a vast majority of the revenues. The company operates in Thailand only.

Starflex PCL (BKK:SFLEX) Headlines

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