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Singer Thailand PCL (BKK:SINGER-F) Receivables Turnover : 24.71 (As of Mar. 2024)


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What is Singer 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. Singer Thailand PCL's Revenue for the three months ended in Mar. 2024 was ฿586 Mil. Singer Thailand PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿24 Mil. Hence, Singer Thailand PCL's Receivables Turnover for the three months ended in Mar. 2024 was 24.71.


Singer Thailand PCL Receivables Turnover Historical Data

The historical data trend for Singer 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.

* Premium members only.

Singer Thailand PCL Receivables Turnover Chart

Singer Thailand 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 282.29 402.13 105.45 70.79 53.64

Singer Thailand 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 11.40 15.00 24.99 21.81 24.71

Competitive Comparison of Singer Thailand PCL's Receivables Turnover

For the Specialty Retail subindustry, Singer 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.


Singer Thailand PCL's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Singer Thailand PCL's Receivables Turnover distribution charts can be found below:

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



Singer Thailand PCL Receivables Turnover Calculation

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

Singer Thailand 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 )
=2904.671 / ((75.771 + 32.531) / 2 )
=2904.671 / 54.151
=53.64

Singer Thailand 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 )
=586.057 / ((32.531 + 14.903) / 2 )
=586.057 / 23.717
=24.71

* 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.


Singer Thailand PCL  (BKK:SINGER-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.


Singer Thailand PCL Receivables Turnover Related Terms

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Singer Thailand PCL (BKK:SINGER-F) Business Description

Traded in Other Exchanges
Address
Charoen Krung Road, 72 CAT Building, 17th Floor, Bangrak, Bangkok, THA, 10500
Singer Thailand PCL is involved in manufacturing and selling electrical appliances, commercial products, and mobile phones. It also sells commercial products like refrigerators, soaps, tools and agricultural equipment. It sells all its products under the brand name Singer. The company operates its business through segments that include Trade Sales; Hire Purchase and loans; and Services and Others. The Hire-Purchase segment generates maximum revenue for the company.

Singer Thailand PCL (BKK:SINGER-F) Headlines

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