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Tipco Asphalt PCL (BKK:TASCO-R) Receivables Turnover : 1.23 (As of Mar. 2025)


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What is Tipco Asphalt 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. Tipco Asphalt PCL's Revenue for the three months ended in Mar. 2025 was ฿7,107 Mil. Tipco Asphalt PCL's average Accounts Receivable for the three months ended in Mar. 2025 was ฿5,786 Mil. Hence, Tipco Asphalt PCL's Receivables Turnover for the three months ended in Mar. 2025 was 1.23.


Tipco Asphalt PCL Receivables Turnover Historical Data

The historical data trend for Tipco Asphalt 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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Tipco Asphalt PCL Receivables Turnover Chart

Tipco Asphalt PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.16 7.39 6.06 5.26 5.26

Tipco Asphalt 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 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 1.12 1.00 1.44 1.22 1.23

Competitive Comparison of Tipco Asphalt PCL's Receivables Turnover

For the Building Materials subindustry, Tipco Asphalt 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.


Tipco Asphalt PCL's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tipco Asphalt PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tipco Asphalt PCL's Receivables Turnover falls into.


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Tipco Asphalt PCL Receivables Turnover Calculation

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

Tipco Asphalt 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 )
=27963.901 / ((4817.669 + 5817.381) / 2 )
=27963.901 / 5317.525
=5.26

Tipco Asphalt 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 )
=7106.862 / ((5817.381 + 5753.831) / 2 )
=7106.862 / 5785.606
=1.23

* 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.


Tipco Asphalt PCL  (BKK:TASCO-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.


Tipco Asphalt PCL Receivables Turnover Related Terms

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Tipco Asphalt PCL Business Description

Traded in Other Exchanges
Address
118/1 Rama 6 Road, Phayathai Sub district, Phayathai District, Bangkok, THA, 10400
Tipco Asphalt PCL operates in two segment based on types of products and services. The Group conducts manufacturing and trading of asphalt, petroleum oil products and asphalt concrete in both domestic and overseas markets. Whereas, the marine logistic business complements the manufacturing and trading of asphalt and petroleum oil products. The Group conducts construction service related to highway construction and road rehabilitation in Thailand. The company operates in Thailand and Overseas, majority of its revenue being from Overseas. The company generates majority revenue from Manufacturing and trading segment.

Tipco Asphalt PCL Headlines

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