Toray Textiles (Thailand) PCL (BKK:TTT) Receivables Turnover : 1.28 (As of Dec. 2024)

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What is Toray Textiles (Thailand) 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. Toray Textiles (Thailand) PCL's Revenue for the three months ended in Dec. 2024 was ฿2,263 Mil. Toray Textiles (Thailand) PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿1,762 Mil. Hence, Toray Textiles (Thailand) PCL's Receivables Turnover for the three months ended in Dec. 2024 was 1.28.

Toray Textiles (Thailand) PCL Receivables Turnover Historical Data

The historical data trend for Toray Textiles (Thailand) 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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Toray Textiles (Thailand) PCL Receivables Turnover Chart

Toray Textiles (Thailand) PCL Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.25

4.09

5.19

5.72

5.13

Toray Textiles (Thailand) 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															1.34	1.26	1.23	1.27	1.28

Competitive Comparison of Toray Textiles (Thailand) PCL's Receivables Turnover

For the Textile Manufacturing subindustry, Toray Textiles (Thailand) 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.

Toray Textiles (Thailand) PCL's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toray Textiles (Thailand) PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Toray Textiles (Thailand) PCL's Receivables Turnover falls into.

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Toray Textiles (Thailand) PCL Receivables Turnover Calculation

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

Toray Textiles (Thailand) PCL's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	9471.285	/ (	(1814.187	+	1880.552)	/	2 )
=	9471.285	/	1847.3695
=	5.13

Toray Textiles (Thailand) 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 )
=	2263.269	/ (	(1799.597	+	1724.372)	/	2 )
=	2263.269	/	1761.9845
=	1.28

Toray Textiles (Thailand) PCL (BKK:TTT) 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.

Toray Textiles (Thailand) PCL Receivables Turnover Related Terms

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Toray Textiles (Thailand) PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toray Textiles (Thailand) PCL (BKK:TTT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Sathorn Road, No. 20 Bubhajit Building, 5th Floor, Silom Subdistrict, Bang Rak District, Bangkok, THA, 10500

Website

https://www.toray.co.th

Toray Textiles (Thailand) PCL operates as a textile business. The principal activities of the company are the manufacturing of textile consisting of spun fabric, filament fabric, woven fabric, knitted fabric and denim yarn; and industrial material product consisting of cord for rubber material reinforcement, fabric for airbags, canvas and car seat fabric. Its operating segment includes Textile; and Industrial material products. It generates maximum revenue from the Industrial material products.

Toray Textiles (Thailand) PCL Headlines

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