Ngern Tid Lor PCL (BKK:TIDLOR) Receivables Turnover : 3.58 (As of Jun. 2024)

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What is Ngern Tid Lor 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. Ngern Tid Lor PCL's Revenue for the three months ended in Jun. 2024 was ฿5,455 Mil. Ngern Tid Lor PCL's average Accounts Receivable for the three months ended in Jun. 2024 was ฿1,523 Mil. Hence, Ngern Tid Lor PCL's Receivables Turnover for the three months ended in Jun. 2024 was 3.58.

Ngern Tid Lor PCL Receivables Turnover Historical Data

The historical data trend for Ngern Tid Lor 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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Ngern Tid Lor PCL Receivables Turnover Chart

Ngern Tid Lor PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

20.10

14.63

12.26

13.50

Ngern Tid Lor PCL Quarterly Data
	Sep19	Dec19	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														3.34	3.51	3.73	3.65	3.58

Competitive Comparison of Ngern Tid Lor PCL's Receivables Turnover

For the Credit Services subindustry, Ngern Tid Lor 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.

Ngern Tid Lor PCL's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ngern Tid Lor PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ngern Tid Lor PCL's Receivables Turnover falls into.

Ngern Tid Lor PCL Receivables Turnover Calculation

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

Ngern Tid Lor 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 )
=	18925	/ (	(1367.446	+	1436.398)	/	2 )
=	18925	/	1401.922
=	13.50

Ngern Tid Lor 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 )
=	5455.42	/ (	(1466.928	+	1578.76)	/	2 )
=	5455.42	/	1522.844
=	3.58

Ngern Tid Lor PCL (BKK:TIDLOR) 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.

Ngern Tid Lor PCL Receivables Turnover Related Terms

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Ngern Tid Lor PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ngern Tid Lor PCL (BKK:TIDLOR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

70V0:Germany

Address

428 Ari Hills Building, Phaholyothin Road, 9th - 15th Floor, Samsen Nai Subdistrict, Phaya Thai District, Bangkok, THA, 10400

Website

https://www.ngerntidlor.com

Ngern Tid Lor PCL provides loans and hires purchases for all types of vehicles, non-life insurance brokers, and life insurance brokers. The company's segment includes Non-life insurance broker and Hire-purchase and lending services. It generates maximum revenue from the Hire-purchase and lending services segment.

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