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WICE Logistics PCL (BKK:WICE-R) Receivables Turnover : 1.26 (As of Mar. 2025)


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What is WICE Logistics 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. WICE Logistics PCL's Revenue for the three months ended in Mar. 2025 was ฿1,060 Mil. WICE Logistics PCL's average Accounts Receivable for the three months ended in Mar. 2025 was ฿838 Mil. Hence, WICE Logistics PCL's Receivables Turnover for the three months ended in Mar. 2025 was 1.26.


WICE Logistics PCL Receivables Turnover Historical Data

The historical data trend for WICE Logistics 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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WICE Logistics PCL Receivables Turnover Chart

WICE Logistics PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.44 6.06 5.50 4.21 5.02

WICE Logistics PCL Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.18 1.20 1.22 1.07 1.26

Competitive Comparison of WICE Logistics PCL's Receivables Turnover

For the Integrated Freight & Logistics subindustry, WICE Logistics 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.


WICE Logistics PCL's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, WICE Logistics PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where WICE Logistics PCL's Receivables Turnover falls into.


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WICE Logistics PCL Receivables Turnover Calculation

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

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

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=4099.434 / ((787.498 + 844.283) / 2 )
=4099.434 / 815.8905
=5.02

WICE Logistics PCL's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=1060.159 / ((844.283 + 832.599) / 2 )
=1060.159 / 838.441
=1.26

* 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.


WICE Logistics PCL  (BKK:WICE-R) 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.


WICE Logistics PCL Receivables Turnover Related Terms

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WICE Logistics PCL Business Description

Traded in Other Exchanges
Address
88/8 Nonsee Road, Chong-Nonsee, Yannawa, Bangkok, THA, 10120
WICE Logistics PCL is a Thailand-based company. The company is engaged in international air and sea freight forwarding, customs broker, inland transportation, cross-border transport, multimodal transport operator, warehousing service and all freight-related services for imports and exports. The company has four reportable segments were sea freight, air freight, cross-border transport services and supply chain solution. It derives maximum profit from cross-border transport services.

WICE Logistics PCL Headlines

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