Thanasiri Group PCL (BKK:THANA) Receivables Turnover : 20.74 (As of Dec. 2024)

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What is Thanasiri Group 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. Thanasiri Group PCL's Revenue for the three months ended in Dec. 2024 was ฿180.0 Mil. Thanasiri Group PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿8.7 Mil. Hence, Thanasiri Group PCL's Receivables Turnover for the three months ended in Dec. 2024 was 20.74.

Thanasiri Group PCL Receivables Turnover Historical Data

The historical data trend for Thanasiri Group 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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Thanasiri Group PCL Receivables Turnover Chart

Thanasiri Group PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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133.41

107.41

Thanasiri Group PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															20.11	14.50	13.91	12.24	20.74

Competitive Comparison of Thanasiri Group PCL's Receivables Turnover

For the Real Estate - Development subindustry, Thanasiri Group 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.

Thanasiri Group PCL's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Thanasiri Group PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thanasiri Group PCL's Receivables Turnover falls into.

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Thanasiri Group PCL Receivables Turnover Calculation

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

Thanasiri Group PCL's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	542.751	/ (	(3.942	+	6.164)	/	2 )
=	542.751	/	5.053
=	107.41

Thanasiri Group PCL's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	180.046	/ (	(11.201	+	6.164)	/	2 )
=	180.046	/	8.6825
=	20.74

Thanasiri Group PCL (BKK:THANA) 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.

Thanasiri Group PCL Receivables Turnover Related Terms

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Thanasiri Group PCL Business Description

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THANA-R:Thailand

Address

650, 652 Baromratchonnanee Road, Bangbumru, Bangplad, Bangkok, THA, 10700

Website

https://www.thanasiri.com

Thanasiri Group PCL is a Thailand based company. It is engaged in the business of Property development for sale. The operations of the company are located in Thailand. The projects of the company include Thana Hibbati Pinklao - Sirindhorn, Thanasiri Ratchaphruek - Tha Nam Non, Thana Village Rama 5 - Bangyai, Thanasio Rattanathibet and Thana Cluster Ratchapruek, among others. Its operating segments include Real estate business - horizontal; Service business and Sell products business.

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