Thai Packaging & Printing PCL (BKK:TPP) Receivables Turnover : 1.10 (As of Jun. 2024)

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What is Thai Packaging & Printing 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 Packaging & Printing PCL's Revenue for the three months ended in Jun. 2024 was ฿61.3 Mil. Thai Packaging & Printing PCL's average Accounts Receivable for the three months ended in Jun. 2024 was ฿55.9 Mil. Hence, Thai Packaging & Printing PCL's Receivables Turnover for the three months ended in Jun. 2024 was 1.10.

Thai Packaging & Printing PCL Receivables Turnover Historical Data

The historical data trend for Thai Packaging & Printing 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 Packaging & Printing PCL Receivables Turnover Chart

Thai Packaging & Printing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.04

3.96

3.77

4.14

4.13

Thai Packaging & Printing PCL Quarterly Data
	Sep19	Dec19	Mar20	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															0.95	1.07	1.09	1.16	1.10

Competitive Comparison of Thai Packaging & Printing PCL's Receivables Turnover

For the Packaging & Containers subindustry, Thai Packaging & Printing 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 Packaging & Printing PCL's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Thai Packaging & Printing PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thai Packaging & Printing PCL's Receivables Turnover falls into.

Thai Packaging & Printing PCL Receivables Turnover Calculation

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

Thai Packaging & Printing 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 )
=	213.299	/ (	(58.273	+	44.905)	/	2 )
=	213.299	/	51.589
=	4.13

Thai Packaging & Printing 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 )
=	61.275	/ (	(51.575	+	60.3)	/	2 )
=	61.275	/	55.9375
=	1.10

Thai Packaging & Printing PCL (BKK:TPP) 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 Packaging & Printing PCL Receivables Turnover Related Terms

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Thai Packaging & Printing PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thai Packaging & Printing PCL (BKK:TPP) » Definitions » Receivables Turnover

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Address

9/9 Moo 6, King Kaew Road, Tambol Rachathewa Amphur Bangplee, Samutprakan, THA, 10540

Website

https://www.tpppack.com

Thai Packaging & Printing PCL along with its subsidiaries is engaged in the manufacturing and distributing box packaging. It manufactures its products for automotive, electric, medical appliance, food and beverage, houseware, fast-moving consumer, toy, and miscellaneous industries. It offers design and development solutions for industrial and consumer packaging. Its products include Folding box, Corrugated folding box, Ice cream tube, Corrugated sheet board, Corrugated master Carton, Leaflet brochure, and magazine. The company also offers agent services for air passenger and cargo. It generates a majority of the revenue from the Packaging business.

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