World Flex PCL (BKK:WFX) Receivables Turnover : 2.94 (As of Dec. 2024)

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What is World Flex 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. World Flex PCL's Revenue for the three months ended in Dec. 2024 was ฿799 Mil. World Flex PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿271 Mil. Hence, World Flex PCL's Receivables Turnover for the three months ended in Dec. 2024 was 2.94.

World Flex PCL Receivables Turnover Historical Data

The historical data trend for World Flex 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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World Flex PCL Receivables Turnover Chart

World Flex PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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11.06

15.68

12.18

9.61

11.05

World Flex PCL Quarterly Data
	Dec19	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														3.05	3.01	2.74	2.79	2.94

Competitive Comparison of World Flex PCL's Receivables Turnover

For the Textile Manufacturing subindustry, World Flex 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.

World Flex PCL's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where World Flex PCL's Receivables Turnover falls into.

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World Flex PCL Receivables Turnover Calculation

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

World Flex PCL's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	3060.527	/ (	(257.469	+	296.35)	/	2 )
=	3060.527	/	276.9095
=	11.05

World Flex 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 )
=	798.969	/ (	(246.494	+	296.35)	/	2 )
=	798.969	/	271.422
=	2.94

World Flex PCL (BKK:WFX) 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.

World Flex PCL Receivables Turnover Related Terms

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World Flex PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » World Flex PCL (BKK:WFX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Highway 3191, No. 59/1 Moo 5, Tambol Manam Koo, Amphur Pluakdaeng, Rayong, THA, 21140

Website

https://www.worldflex.net

World Flex PCL is engaged in the manufacturing of high-quality rubber thread. Its products include rubber threads coated with talcum and rubber threads coated with polymer, both of which are ideal for the textile industry that requires softness and swiftness and are also ideal for all types of machinery. The company's products are marketed through brands like World Flex, Thaitex, Qualiflex, Chang Thai, Pegasus Red, Pegasus Blue, and LT Rubber. Geographically, the company generates a majority of its revenue from the People's Republic of China and the rest from Vietnam, Brazil, Russia, Thailand, Pakistan, Indonesia, Bangladesh, Iran, and other countries.

World Flex PCL Headlines

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