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Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Receivables Turnover : 4.69 (As of Mar. 2024)


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What is Shun Thai Rubber Gloves Industry 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. Shun Thai Rubber Gloves Industry PCL's Revenue for the three months ended in Mar. 2024 was ฿75.0 Mil. Shun Thai Rubber Gloves Industry PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿16.0 Mil. Hence, Shun Thai Rubber Gloves Industry PCL's Receivables Turnover for the three months ended in Mar. 2024 was 4.69.


Shun Thai Rubber Gloves Industry PCL Receivables Turnover Historical Data

The historical data trend for Shun Thai Rubber Gloves Industry 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.

* Premium members only.

Shun Thai Rubber Gloves Industry PCL Receivables Turnover Chart

Shun Thai Rubber Gloves Industry 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 10.32 23.50 30.13 17.82 23.81

Shun Thai Rubber Gloves Industry 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 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 3.90 2.61 4.79 4.42 4.69

Competitive Comparison of Shun Thai Rubber Gloves Industry PCL's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Shun Thai Rubber Gloves Industry 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.


Shun Thai Rubber Gloves Industry PCL's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Shun Thai Rubber Gloves Industry PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shun Thai Rubber Gloves Industry PCL's Receivables Turnover falls into.



Shun Thai Rubber Gloves Industry PCL Receivables Turnover Calculation

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

Shun Thai Rubber Gloves Industry 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 )
=387.8 / ((19.604 + 12.976) / 2 )
=387.8 / 16.29
=23.81

Shun Thai Rubber Gloves Industry 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 )
=75.026 / ((12.976 + 19.05) / 2 )
=75.026 / 16.013
=4.69

* 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.


Shun Thai Rubber Gloves Industry PCL  (BKK:STHAI) 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.


Shun Thai Rubber Gloves Industry PCL Receivables Turnover Related Terms

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Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Business Description

Traded in Other Exchanges
N/A
Address
Number 1, Promphan Tower 2, Room Number 608, 6th Floor, Soi Lat Phrao 3, Chom Phon, Chatuchak, Bangkok, THA, 10900
Shun Thai Rubber Gloves Industry PCL is engaged in the production and distribution of rubber gloves. It manufactures Natural Rubber and Nitrile Butadiene Rubber gloves for applications in both medical and general purpose markets. The company offers powder latex examination gloves, powder free latex examination gloves, latex surgical gloves, clean room gloves, and food processing and general purposed gloves.

Shun Thai Rubber Gloves Industry PCL (BKK:STHAI) Headlines

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