Thai Nam Plastic PCL (BKK:TNPC) Receivables Turnover : 1.21 (As of Dec. 2023)

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What is Thai Nam Plastic 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 Nam Plastic PCL's Revenue for the three months ended in Dec. 2023 was ฿384 Mil. Thai Nam Plastic PCL's average Accounts Receivable for the three months ended in Dec. 2023 was ฿318 Mil. Hence, Thai Nam Plastic PCL's Receivables Turnover for the three months ended in Dec. 2023 was 1.21.

Thai Nam Plastic PCL Receivables Turnover Historical Data

The historical data trend for Thai Nam Plastic 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 Nam Plastic PCL Receivables Turnover Chart

Thai Nam Plastic PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.45

4.71

5.22

4.88

5.19

Thai Nam Plastic PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.21	1.17	1.24	1.32	1.21

Competitive Comparison of Thai Nam Plastic PCL's Receivables Turnover

For the Auto Parts subindustry, Thai Nam Plastic 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 Nam Plastic PCL's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Thai Nam Plastic PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thai Nam Plastic PCL's Receivables Turnover falls into.

Thai Nam Plastic PCL Receivables Turnover Calculation

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

Thai Nam Plastic 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 )
=	1586.443	/ (	(343.962	+	267.443)	/	2 )
=	1586.443	/	305.7025
=	5.19

Thai Nam Plastic PCL's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	383.897	/ (	(368.612	+	267.443)	/	2 )
=	383.897	/	318.0275
=	1.21

Thai Nam Plastic PCL (BKK:TNPC) 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 Nam Plastic PCL Receivables Turnover Related Terms

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Thai Nam Plastic PCL (BKK:TNPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Nam Plastic PCL (BKK:TNPC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Moo 7, Petchakasem Road, KM.23, Omnoi, Kratumban, Samutsakorn, THA, 74130

Website

https://www.thainam.com

Thai Nam Plastic PCL engages in the production and distribution of flexible plastic, synthetic leather, and car mat. The company produces both Polyvinyl chloride (PVC) and Non-PVC plastic products, such as Solid sheets and Synthetic leather used for making automotive interior parts, Sports shoes, Furniture, and Stationery. It operates through the Manufacturing of Plastic Parts of Automobile Industry Group and Other segments. The Manufacturing of Plastic Parts of Automobile Industry Group segment, which accounts for the majority of revenue, manufactures artificial leather and automobile rubber flooring. The Other segment produces various types of plastics both soft and rigid, rolls and plate. The group has a business presence in Thailand and other countries.

Thai Nam Plastic PCL (BKK:TNPC) Headlines

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