Sri Trang Gloves Thailand PCL (BKK:STGT-R) Receivables Turnover : 2.20 (As of Mar. 2025)

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What is Sri Trang Gloves 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. Sri Trang Gloves Thailand PCL's Revenue for the three months ended in Mar. 2025 was ฿6,546 Mil. Sri Trang Gloves Thailand PCL's average Accounts Receivable for the three months ended in Mar. 2025 was ฿2,977 Mil. Hence, Sri Trang Gloves Thailand PCL's Receivables Turnover for the three months ended in Mar. 2025 was 2.20.

Sri Trang Gloves Thailand PCL Receivables Turnover Historical Data

The historical data trend for Sri Trang Gloves 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.

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Sri Trang Gloves Thailand PCL Receivables Turnover Chart

Sri Trang Gloves Thailand PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.76

13.07

10.69

9.87

9.75

Sri Trang Gloves Thailand PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.50	2.11	2.42	2.44	2.20

Competitive Comparison of Sri Trang Gloves Thailand PCL's Receivables Turnover

For the Specialty Chemicals subindustry, Sri Trang Gloves 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.

Sri Trang Gloves Thailand PCL's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sri Trang Gloves Thailand PCL's Receivables Turnover distribution charts can be found below:

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

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Sri Trang Gloves Thailand PCL Receivables Turnover Calculation

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

Sri Trang Gloves Thailand PCL's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	25002.125	/ (	(2142.284	+	2986.942)	/	2 )
=	25002.125	/	2564.613
=	9.75

Sri Trang Gloves Thailand PCL's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	6545.804	/ (	(2986.942	+	2967.957)	/	2 )
=	6545.804	/	2977.4495
=	2.20

Sri Trang Gloves Thailand PCL (BKK:STGT-R) 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.

Sri Trang Gloves Thailand PCL Receivables Turnover Related Terms

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Sri Trang Gloves Thailand PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sri Trang Gloves Thailand PCL (BKK:STGT-R) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

STGT:Thailand STG:Singapore

Address

No. 110 Kanjanavanit Road, Pahtong, Hat Yai, Songkhla, THA, 90230

Website

https://www.sritranggloves.com

Sri Trang Gloves Thailand PCL manufactures and distributes rubber gloves. The company manufactures natural latex and nitrile examination gloves as well as general-purpose disposable gloves, both powdered and powder-free. There are two reportable segments such as Gloves and Other businesses. Gloves segment which also generates the majority of the revenue, manufactures and sells powdered, powder-free, and nitrile latex gloves. The other businesses segment includes the Engineering business which is engaged in the engineering services including research and development of machinery and production processes, and also providing information system services and the Financial asset management and financial investment. Operates in Asia, North America, South America, Europe.

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