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Siam Steel Service Center PCL (BKK:SSSC) Receivables Turnover : 1.04 (As of Dec. 2023)


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What is Siam Steel Service Center 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. Siam Steel Service Center PCL's Revenue for the three months ended in Dec. 2023 was ฿1,269 Mil. Siam Steel Service Center PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿1,215 Mil. Hence, Siam Steel Service Center PCL's Receivables Turnover for the three months ended in Dec. 2023 was 1.04.


Siam Steel Service Center PCL Receivables Turnover Historical Data

The historical data trend for Siam Steel Service Center 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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Siam Steel Service Center PCL Receivables Turnover Chart

Siam Steel Service Center 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 4.30 3.79 4.28 4.30 4.37

Siam Steel Service Center PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.06 1.09 1.07 1.07 1.04

Competitive Comparison of Siam Steel Service Center PCL's Receivables Turnover

For the Steel subindustry, Siam Steel Service Center 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.


Siam Steel Service Center PCL's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Siam Steel Service Center PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Siam Steel Service Center PCL's Receivables Turnover falls into.



Siam Steel Service Center PCL Receivables Turnover Calculation

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

Siam Steel Service Center 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 )
=5395.207 / ((1270.669 + 1201.235) / 2 )
=5395.207 / 1235.952
=4.37

Siam Steel Service Center PCL's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=1268.911 / ((1227.977 + 1201.235) / 2 )
=1268.911 / 1214.606
=1.04

* 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.


Siam Steel Service Center PCL  (BKK:SSSC) 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.


Siam Steel Service Center PCL Receivables Turnover Related Terms

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Siam Steel Service Center PCL (BKK:SSSC) Business Description

Traded in Other Exchanges
N/A
Address
51/3 Moo 2 Poochao - Samingprai Road, Tumbon Bangyaprak, Amphur Phrapradeang, Samutprakarn, THA, 10130
Siam Steel Service Center PCL is a Thailand based company engaged in the manufacturing business of accessories made from steel, installing metal roofing and wall panels, and steel cutting services. It has a business presence in Thailand, Vietnam, Cambodia, Myanmar and Malaysia, of which a majority of revenue is derived from Thailand.

Siam Steel Service Center PCL (BKK:SSSC) Headlines

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