Star Petroleum Refining PCL (BKK:SPRC) Receivables Turnover : 4.74 (As of Dec. 2024)

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What is Star Petroleum Refining 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. Star Petroleum Refining PCL's Revenue for the three months ended in Dec. 2024 was ฿63,853 Mil. Star Petroleum Refining PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿13,474 Mil. Hence, Star Petroleum Refining PCL's Receivables Turnover for the three months ended in Dec. 2024 was 4.74.

Star Petroleum Refining PCL Receivables Turnover Historical Data

The historical data trend for Star Petroleum Refining 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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Star Petroleum Refining PCL Receivables Turnover Chart

Star Petroleum Refining PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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17.09

16.74

23.52

18.33

17.57

Star Petroleum Refining 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															4.53	3.94	4.28	4.53	4.74

Competitive Comparison of Star Petroleum Refining PCL's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Star Petroleum Refining 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.

Star Petroleum Refining PCL's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Star Petroleum Refining PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Star Petroleum Refining PCL's Receivables Turnover falls into.

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Star Petroleum Refining PCL Receivables Turnover Calculation

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

Star Petroleum Refining 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 )
=	266039.209	/ (	(16909.331	+	13371.736)	/	2 )
=	266039.209	/	15140.5335
=	17.57

Star Petroleum Refining 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 )
=	63852.665	/ (	(13576.851	+	13371.736)	/	2 )
=	63852.665	/	13474.2935
=	4.74

Star Petroleum Refining PCL (BKK:SPRC) 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.

Star Petroleum Refining PCL Receivables Turnover Related Terms

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Star Petroleum Refining PCL Business Description

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SPRC-R:Thailand

Address

No.1, I-3B Road, Tambol Map Ta Phut, Amphur Muang Rayong, Rayong, THA, 21150

Website

https://www.sprc.co.th

Star Petroleum Refining PCL operates petroleum refinery in Thailand. The company produces multiple petroleum products such as Liquefied Petroleum Gas, gasoline, jet fuel, diesel, fuel oil, asphalt, and others. Geographically the majority of its sales are conducted in Thailand. However, the company also produces petroleum products for international markets.