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 Airways International PCL's Revenue for the
three
months ended in Mar. 2026 was ฿49,692 Mil. Thai Airways International PCL's average Accounts Receivable for the
three
months ended in Mar. 2026 was ฿9,793 Mil.
Hence, Thai Airways International PCL's Receivables Turnover for the
three
months ended in Mar. 2026 was 5.07.
Thai Airways International PCL (BKK:THAI-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.
Thai Airways International PCL Receivables Turnover Related Terms
Thai Airways International PCL Receivables Turnover Historical Data
* 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.
Thai Airways International PCL Receivables Turnover Chart
BKK:THAI-R vs DAL, UAL, LUV: Receivables Turnover Comparison
For the Airlines subindustry, Thai Airways International 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 Airways International PCL Receivables Turnover vs Transportation Industry
For the Transportation industry and Industrials sector, Thai Airways International PCL's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Thai Airways International PCL's Receivables Turnover falls into.
* 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.
Thai Airways International PCL (BKK:THAI-R) has a Receivables Turnover of 5.07 as of Mar. 2026. The accounts 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. View historical data on Thai Airways International PCL and its competitors. According to the industry distribution chart, Thai Airways International PCL ranks #180 out of 1002 companies in the Transportation industry, placing it in the top 18%.
Is Thai Airways International PCL's Receivables Turnover too high?
Thai Airways International PCL's current Receivables Turnover is 5.07. The Transportation industry median Receivables Turnover is 7.62. Thai Airways International PCL's value of 5.07 is 33.4% below this industry median. Based on the distribution chart, Thai Airways International PCL ranks #180 out of 1002 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Airways International PCL has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Thai Airways International PCL's Receivables Turnover compare to DAL and UAL?
According to the Transportation industry distribution chart, Thai Airways International PCL ranks #180 out of 1002 companies for Receivables Turnover. This places Thai Airways International PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 7.62. Thai Airways International PCL's value of 5.07 is 33.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Transportation company?
The median Receivables Turnover among Transportation companies is 7.62, based on 1,002 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Airways International PCL's current Receivables Turnover of 5.07 is 33.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Thai Airways International PCL and its competitors. For the Transportation industry, the median Receivables Turnover is 7.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Airways International PCL's current Receivables Turnover is 5.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Airways International PCL stock overvalued right now?
Thai Airways International PCL (BKK:THAI-R) has a current Receivables Turnover of 5.07. The stock's GF Value™ is ฿0.33, compared to a current price of ฿6.00 — trading 1718.2% above its estimated fair value. The current Receivables Turnover is 5.07 and 33.4% below the Transportation industry median of 7.62. Thai Airways International PCL's overall GF Score™ is 37/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Thai Airways International PCL (BKK:THAI-R), the current Receivables Turnover is 5.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thai Airways International PCL (BKK:THAI-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Airways International PCL stock appears to be overvalued.
The current stock price of ฿6.00 is trading 1718.2% above its estimated GF Value™ of ฿0.33.
Key valuation signals for BKK:THAI-R:
Receivables Turnover: 5.07
GF Value™: ฿0.33 vs. price of ฿6.00 (1718.2% above fair value)
Industry Position: 33.4% below the Transportation median (#180 of 1002)
No single metric tells the full story. See the BKK:THAI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Airways International PCL Business Description
Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.
37GF Score
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