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Thai Wacoal PCL (BKK:WACOAL) Receivables Turnover : 1.68 (As of Jun. 2024)


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What is Thai Wacoal 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 Wacoal PCL's Revenue for the three months ended in Jun. 2024 was ฿892 Mil. Thai Wacoal PCL's average Accounts Receivable for the three months ended in Jun. 2024 was ฿532 Mil. Hence, Thai Wacoal PCL's Receivables Turnover for the three months ended in Jun. 2024 was 1.68.


Thai Wacoal PCL Receivables Turnover Historical Data

The historical data trend for Thai Wacoal 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 Wacoal PCL Receivables Turnover Chart

Thai Wacoal PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.17 4.66 6.24 6.76 6.59

Thai Wacoal 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.57 1.59 1.50 1.57 1.68

Competitive Comparison of Thai Wacoal PCL's Receivables Turnover

For the Apparel Manufacturing subindustry, Thai Wacoal 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 Wacoal PCL's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Wacoal PCL's Receivables Turnover distribution charts can be found below:

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



Thai Wacoal PCL Receivables Turnover Calculation

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

Thai Wacoal 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 )
=3608.915 / ((583.952 + 511.244) / 2 )
=3608.915 / 547.598
=6.59

Thai Wacoal 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 )
=892.492 / ((500.547 + 562.785) / 2 )
=892.492 / 531.666
=1.68

* 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.


Thai Wacoal PCL  (BKK:WACOAL) 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 Wacoal PCL Receivables Turnover Related Terms

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Thai Wacoal PCL Business Description

Traded in Other Exchanges
N/A
Address
132 Soi Charoenrat 7, Bangkholaem District, Khwang Bangkhlo, Bangkok, THA, 10120
Thai Wacoal PCL is a Thailand-based garment manufacturing company. It manufactures and sells finished garment products, consisting of Ladies lingerie. The key revenue driver product of the company is Ladies lingerie, which is sold under the brand names of Wacoal. The company's operating segment is based on domestic sales and export sales of which a majority of the revenue is generated from domestic sales.

Thai Wacoal PCL Headlines

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