Thai-German Products PCL (BKK:TGPRO) Receivables Turnover : 2.41 (As of Jun. 2024)

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What is Thai-German Products 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. Thai-German Products PCL's Revenue for the three months ended in Jun. 2024 was ฿329 Mil. Thai-German Products PCL's average Accounts Receivable for the three months ended in Jun. 2024 was ฿137 Mil. Hence, Thai-German Products PCL's Receivables Turnover for the three months ended in Jun. 2024 was 2.41.

Thai-German Products PCL Receivables Turnover Historical Data

The historical data trend for Thai-German Products 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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Thai-German Products PCL Receivables Turnover Chart

Thai-German Products PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.46

7.96

7.08

8.83

10.22

Thai-German Products PCL Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.41	3.32	2.54	2.49	2.41

Competitive Comparison of Thai-German Products PCL's Receivables Turnover

For the Steel subindustry, Thai-German Products 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.

Thai-German Products PCL's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Thai-German Products PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thai-German Products PCL's Receivables Turnover falls into.

Thai-German Products PCL Receivables Turnover Calculation

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

Thai-German Products 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 )
=	1557.67	/ (	(169.745	+	135.126)	/	2 )
=	1557.67	/	152.4355
=	10.22

Thai-German Products PCL's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	328.984	/ (	(141.84	+	131.709)	/	2 )
=	328.984	/	136.7745
=	2.41

Thai-German Products PCL (BKK:TGPRO) 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.

Thai-German Products PCL Receivables Turnover Related Terms

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Thai-German Products PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Thai-German Products PCL (BKK:TGPRO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Huaypong-Nongbon Road, Tambol Huaypong, Amphur Muang, Rayong, THA, 21150

Website

https://www.tgpro.co.th

Thai-German Products PCL is a Thailand based company engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has three operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market.

Thai-German Products PCL Headlines

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