Thai Optical Group PCL (BKK:TOG) Receivables Turnover : 2.13 (As of Mar. 2025)

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What is Thai Optical 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. Thai Optical Group PCL's Revenue for the three months ended in Mar. 2025 was ฿899 Mil. Thai Optical Group PCL's average Accounts Receivable for the three months ended in Mar. 2025 was ฿423 Mil. Hence, Thai Optical Group PCL's Receivables Turnover for the three months ended in Mar. 2025 was 2.13.

Thai Optical Group PCL Receivables Turnover Historical Data

The historical data trend for Thai Optical 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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Thai Optical Group PCL Receivables Turnover Chart

Thai Optical Group PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.02

6.05

6.60

6.16

8.04

Thai Optical Group PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.71	1.95	1.91	2.12	2.13

Competitive Comparison of Thai Optical Group PCL's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Thai Optical 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.

Thai Optical Group PCL's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Thai Optical Group PCL's Receivables Turnover distribution charts can be found below:

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

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Thai Optical Group PCL Receivables Turnover Calculation

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

Thai Optical 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 )
=	3476.756	/ (	(501.592	+	362.952)	/	2 )
=	3476.756	/	432.272
=	8.04

Thai Optical Group PCL's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	898.727	/ (	(362.952	+	482.606)	/	2 )
=	898.727	/	422.779
=	2.13

Thai Optical Group PCL (BKK:TOG) 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 Optical Group PCL Receivables Turnover Related Terms

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Thai Optical Group PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Thai Optical Group PCL (BKK:TOG) » Definitions » Receivables Turnover

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TOG-R:Thailand

Address

6 Bangbuathong-Suphanburi Road, 15/5 Moo, Laharn Sub-district, Bangbuathong, Nonthaburi, THA, 11110

Website

https://www.thaiopticalgroup.com

Thai Optical Group PCL is engaged in the manufacturing and distribution of plastic lenses and related products. The company's products include Organic lenses, Mineral lenses, and Prescription Lenses. It has two reporting segments: Plastic and glass lens, which produce and sell optical lenses; Other products and services which are the sale of the glass mold, trading goods purchased for resale, glasses assembly services, and surface treatments. The majority of the revenue is generated from the plastic and glass lens segment. The company also operates in Europe, Australia, Asia and Pacific, America, Africa and Middle East. Majority of revenue is from America.

Thai Optical Group PCL Headlines

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