Thai Union Group PCL (BKK:TU) Receivables Turnover : 2.57 (As of Sep. 2024)

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What is Thai Union 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 Union Group PCL's Revenue for the three months ended in Sep. 2024 was ฿34,840 Mil. Thai Union Group PCL's average Accounts Receivable for the three months ended in Sep. 2024 was ฿13,534 Mil. Hence, Thai Union Group PCL's Receivables Turnover for the three months ended in Sep. 2024 was 2.57.

Thai Union Group PCL Receivables Turnover Historical Data

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

Thai Union Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.56

11.11

11.81

11.50

9.77

Thai Union Group PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.72	2.71	2.40	2.49	2.57

Competitive Comparison of Thai Union Group PCL's Receivables Turnover

For the Packaged Foods subindustry, Thai Union 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 Union Group PCL's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Group PCL's Receivables Turnover distribution charts can be found below:

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

Thai Union Group PCL Receivables Turnover Calculation

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

Thai Union Group 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 )
=	136152.713	/ (	(14480.938	+	13382.497)	/	2 )
=	136152.713	/	13931.7175
=	9.77

Thai Union Group PCL's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	34840.057	/ (	(14040.118	+	13028.84)	/	2 )
=	34840.057	/	13534.479
=	2.57

Thai Union Group PCL (BKK:TU) 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 Union Group PCL Receivables Turnover Related Terms

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Thai Union Group PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Union Group PCL (BKK:TU) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TUFUF:USA TU-F:Thailand THYG:Germany

Address

72/1 Moo 7, Sethakit 1 Road, Tarsrai Sub-district, Amphur Muang, Samutsakorn, Samut sakhon, THA, 74000

Website

https://www.thaiunion.com

Thai Union Group PCL is a global seafood-based food products company. The company sells its products locally in Thailand, as well as in North America and Europe. The business categories are ambient seafood (tuna, salmon, sardine, mackerel); frozen and chilled seafood and related products (shrimp, lobster, salmon); and pet food and value-added. In North America, Thai Union's portfolio contains tuna, salmon, and sardines, sold in different varieties under the Chicken of the Sea and Genova brands. In Europe, the company offers seafood and fish products under brands such as John West, Petit Navire, Parmentier, King Oscar, Mareblum, and Rugen Fisch. In Asia-Pacific, the local brands are Century, Sealect, Fisho, Bellotta, and Marvo.