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T.C.J. Asia PCL (BKK:TCJ) Receivables Turnover : 1.06 (As of Sep. 2024)


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What is T.C.J. Asia 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. T.C.J. Asia PCL's Revenue for the three months ended in Sep. 2024 was ฿345 Mil. T.C.J. Asia PCL's average Accounts Receivable for the three months ended in Sep. 2024 was ฿324 Mil. Hence, T.C.J. Asia PCL's Receivables Turnover for the three months ended in Sep. 2024 was 1.06.


T.C.J. Asia PCL Receivables Turnover Historical Data

The historical data trend for T.C.J. Asia 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.

T.C.J. Asia PCL Receivables Turnover Chart

T.C.J. Asia 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 4.16 4.26 4.10 5.12 4.20

T.C.J. Asia PCL Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.09 1.02 1.18 1.00 1.06

Competitive Comparison of T.C.J. Asia PCL's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, T.C.J. Asia 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.


T.C.J. Asia PCL's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, T.C.J. Asia PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where T.C.J. Asia PCL's Receivables Turnover falls into.



T.C.J. Asia PCL Receivables Turnover Calculation

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

T.C.J. Asia 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 )
=1395.296 / ((300.504 + 364.447) / 2 )
=1395.296 / 332.4755
=4.20

T.C.J. Asia PCL's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=344.722 / ((304.926 + 342.515) / 2 )
=344.722 / 323.7205
=1.06

* 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.


T.C.J. Asia PCL  (BKK:TCJ) 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.


T.C.J. Asia PCL Receivables Turnover Related Terms

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T.C.J. Asia PCL Business Description

Traded in Other Exchanges
Address
3/4 Moo 9, Bangna-Trad Road (KM.18), Bang Chalong Subdistrict, Bang Plee District, Samutprakarn, THA, 10540
T.C.J. Asia PCL is engaged in the import business and distribution of machinery and lifting equipment for construction work, and loading and unloading services like tractors, wheel loaders, excavator and cranes and stainless-steel plate and construction contractor. The business segments of the company are Sales of cranes, road rollers and tractors and equipment, road rollers and tractors, and equipment, Rental and repair services of crane and trucks, Manufacturing and distribution of stainless steel pipes, Trading of stainless steel, Installation work, and Others. The group generates the majority of the revenue from the Manufacturing and distribution of stainless steel pipes segment and mainly operates in Thailand.

T.C.J. Asia PCL Headlines

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