Sahathai Printing & Packaging PCL (BKK:STP) Receivables Turnover : 1.38 (As of Mar. 2024)

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What is Sahathai Printing & Packaging 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. Sahathai Printing & Packaging PCL's Revenue for the three months ended in Mar. 2024 was ฿160.8 Mil. Sahathai Printing & Packaging PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿116.7 Mil. Hence, Sahathai Printing & Packaging PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.38.

Sahathai Printing & Packaging PCL Receivables Turnover Historical Data

The historical data trend for Sahathai Printing & Packaging 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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Sahathai Printing & Packaging PCL Receivables Turnover Chart

Sahathai Printing & Packaging PCL Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

5.40

6.30

5.64

Sahathai Printing & Packaging PCL Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								1.37	1.35	1.48	1.47	1.38

Competitive Comparison of Sahathai Printing & Packaging PCL's Receivables Turnover

For the Paper & Paper Products subindustry, Sahathai Printing & Packaging 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.

Sahathai Printing & Packaging PCL's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sahathai Printing & Packaging PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sahathai Printing & Packaging PCL's Receivables Turnover falls into.

Sahathai Printing & Packaging PCL Receivables Turnover Calculation

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

Sahathai Printing & Packaging 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 )
=	511.93	/ (	(67.77	+	113.686)	/	2 )
=	511.93	/	90.728
=	5.64

Sahathai Printing & Packaging 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 )
=	160.79	/ (	(113.686	+	119.783)	/	2 )
=	160.79	/	116.7345
=	1.38

Sahathai Printing & Packaging PCL (BKK:STP) 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.

Sahathai Printing & Packaging PCL Receivables Turnover Related Terms

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Sahathai Printing & Packaging PCL (BKK:STP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sahathai Printing & Packaging PCL (BKK:STP) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

200/1 Soi Charansanitwong 42 Intersection 9, Bangyeekhan, Bang Phlat District, Bangkok, THA, 10700

Website

https://www.sahathaiprinting.com

Sahathai Printing & Packaging PCL is a service provider in the printing and packaging industry. It operates the business of printing paper boxes and all types of publications. The group has business in a single geographic area, namely Thailand.

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