Vanachai Group PCL (BKK:VNG-F) Receivables Turnover : 3.41 (As of Mar. 2024)

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What is Vanachai 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. Vanachai Group PCL's Revenue for the three months ended in Mar. 2024 was ฿3,188 Mil. Vanachai Group PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿934 Mil. Hence, Vanachai Group PCL's Receivables Turnover for the three months ended in Mar. 2024 was 3.41.

Vanachai Group PCL Receivables Turnover Historical Data

The historical data trend for Vanachai 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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Vanachai Group PCL Receivables Turnover Chart

Vanachai Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.32

9.55

12.41

11.21

14.43

Vanachai Group PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.42	3.19	2.94	4.25	3.41

Competitive Comparison of Vanachai Group PCL's Receivables Turnover

For the Lumber & Wood Production subindustry, Vanachai 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.

Vanachai Group PCL's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Receivables Turnover distribution charts can be found below:

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

Vanachai Group PCL Receivables Turnover Calculation

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

Vanachai 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 )
=	14148.185	/ (	(1087.755	+	873.768)	/	2 )
=	14148.185	/	980.7615
=	14.43

Vanachai Group PCL's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3188	/ (	(873.768	+	993.375)	/	2 )
=	3188	/	933.5715
=	3.41

Vanachai Group PCL (BKK:VNG-F) 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.

Vanachai Group PCL Receivables Turnover Related Terms

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Vanachai Group PCL (BKK:VNG-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanachai Group PCL (BKK:VNG-F) » Definitions » Receivables Turnover

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Traded in Other Exchanges

VNG:Thailand

Address

2/1 Wongsawang Road, Wongsawang, Bangsue, Bangkok, THA, 10800

Website

https://www.vanachai.com

Vanachai Group PCL is a building materials company that manufactures and distributes wood-based products. The company's primary products include board panels, particle boards, and wood substitutes. The company creates wood-based goods such as particleboards, medium density fiberboards (MDF boards), Doorskin and melamine laminated particleboards, which are distributed to both domestic and international markets. Vanachai also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.

Vanachai Group PCL (BKK:VNG-F) Headlines

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