Sermsang Power PCL (BKK:SSP) Receivables Turnover : 1.09 (As of Mar. 2024)

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What is Sermsang Power 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. Sermsang Power PCL's Revenue for the three months ended in Mar. 2024 was ฿823 Mil. Sermsang Power PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿756 Mil. Hence, Sermsang Power PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.09.

Sermsang Power PCL Receivables Turnover Historical Data

The historical data trend for Sermsang Power 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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Sermsang Power PCL Receivables Turnover Chart

Sermsang Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.94

4.34

6.46

5.24

4.60

Sermsang Power 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															1.18	1.29	1.25	1.12	1.09

Competitive Comparison of Sermsang Power PCL's Receivables Turnover

For the Utilities - Renewable subindustry, Sermsang Power 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.

Sermsang Power PCL's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Sermsang Power PCL's Receivables Turnover distribution charts can be found below:

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

Sermsang Power PCL Receivables Turnover Calculation

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

Sermsang Power 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 )
=	3071.872	/ (	(711.651	+	622.641)	/	2 )
=	3071.872	/	667.146
=	4.60

Sermsang Power 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 )
=	823.075	/ (	(622.641	+	888.549)	/	2 )
=	823.075	/	755.595
=	1.09

Sermsang Power PCL (BKK:SSP) 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.

Sermsang Power PCL Receivables Turnover Related Terms

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Sermsang Power PCL (BKK:SSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sermsang Power Corporation PCL (BKK:SSP) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300

Website

https://www.sermsang.com

Sermsang Power Corporation PCL is engaged in investment, consultancy, and provision of services for energy businesses to related parties. The company's operating segments are production and distribution of electricity from solar plants, Electricity distribution and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from a biomass power plant, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.