Sino Logistics PCL (BKK:SINO) Receivables Turnover : 2.34 (As of Mar. 2024)

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What is Sino Logistics 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. Sino Logistics PCL's Revenue for the three months ended in Mar. 2024 was ฿774 Mil. Sino Logistics PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿331 Mil. Hence, Sino Logistics PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.34.

Sino Logistics PCL Receivables Turnover Historical Data

The historical data trend for Sino Logistics 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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Sino Logistics PCL Receivables Turnover Chart

Sino Logistics PCL Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

5.71

11.15

7.40

Sino Logistics PCL Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				1.80	2.00	2.25	2.06	2.34

Competitive Comparison of Sino Logistics PCL's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Sino Logistics 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.

Sino Logistics PCL's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sino Logistics PCL's Receivables Turnover distribution charts can be found below:

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

Sino Logistics PCL Receivables Turnover Calculation

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

Sino Logistics 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 )
=	1800.002	/ (	(238.482	+	248.168)	/	2 )
=	1800.002	/	243.325
=	7.40

Sino Logistics 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 )
=	773.805	/ (	(248.168	+	414.409)	/	2 )
=	773.805	/	331.2885
=	2.34

Sino Logistics PCL (BKK:SINO) 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.

Sino Logistics PCL Receivables Turnover Related Terms

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Sino Logistics PCL (BKK:SINO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sino Logistics Corp PCL (BKK:SINO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama 3 Road, 7th Floor, Unit No. 05, 1011 Supalai Grand Tower, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.sinologistics.co.th

Sino Logistics Corp PCL is engaged in international and domestic freight forwarding, for sea freight, air freight, land transportation, and multimodal transport operator, warehouse rental service, and provides customs clearance services for imports and exports. It has four reportable segments, which are sea freight, air freight, warehouse rental service, and logistics support. It generate the majority of its revenue from Sea freight.

Sino Logistics PCL (BKK:SINO) Headlines

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