Cho Thavee Dollasien (Cho Thavee Dollasien) Receivables Turnover : 0.22 (As of Dec. 2023)

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What is Cho Thavee Dollasien 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. Cho Thavee Dollasien's Revenue for the three months ended in Dec. 2023 was $2.21 Mil. Cho Thavee Dollasien's average Accounts Receivable for the three months ended in Dec. 2023 was $9.98 Mil. Hence, Cho Thavee Dollasien's Receivables Turnover for the three months ended in Dec. 2023 was 0.22.

Cho Thavee Dollasien Receivables Turnover Historical Data

The historical data trend for Cho Thavee Dollasien'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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Cho Thavee Dollasien Receivables Turnover Chart

Cho Thavee Dollasien Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.08

1.80

1.83

2.49

1.39

Cho Thavee Dollasien Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.59	0.49	0.35	0.19	0.22

Competitive Comparison of Cho Thavee Dollasien's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Cho Thavee Dollasien'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.

Cho Thavee Dollasien's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Cho Thavee Dollasien's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cho Thavee Dollasien's Receivables Turnover falls into.

Cho Thavee Dollasien Receivables Turnover Calculation

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

Cho Thavee Dollasien'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 )
=	11.111	/ (	(6.026	+	9.918)	/	2 )
=	11.111	/	7.972
=	1.39

Cho Thavee Dollasien's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2.213	/ (	(10.051	+	9.918)	/	2 )
=	2.213	/	9.9845
=	0.22

Cho Thavee Dollasien (OTCPK:CHOTF) 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.

Cho Thavee Dollasien Receivables Turnover Related Terms

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Cho Thavee Dollasien (Cho Thavee Dollasien) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Cho Thavee Dollasien PLC (OTCPK:CHOTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CHO:Thailand

Address

265 Moo 4, Klang Muang Road, Tambol Muang Khao, Amphur Muang, Khon Kaen, THA, 40000

Website

http://www.cho.co.th

Cho Thavee PCL along with its subsidiaries engages in the manufacturing, selling and providing service of trailer assembly, vehicles, and special equipment. The company's products comprise standard products, which include trucks, semi-trailer, full-trailer; and other related products. Its segments include deriving revenue from contracts such as standard products, special products and project contract; revenue from sales such as the sale of spare parts and vehicle prototype; and revenue from service such as maintenance service centre. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.

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