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 Rayon PCL's Revenue for the
three
months ended in Mar. 2026 was $64.0 Mil. Thai Rayon PCL's average Accounts Receivable for the
three
months ended in Mar. 2026 was $46.4 Mil.
Hence, Thai Rayon PCL's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.38.
Thai Rayon PCL (OTCPK:TRAYF) 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 Rayon PCL Receivables Turnover Related Terms
Thai Rayon PCL Receivables Turnover Historical Data
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The historical data trend for Thai Rayon 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.
Thai Rayon PCL Receivables Turnover Competitor Comparison
For the Textile Manufacturing subindustry, Thai Rayon 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 Rayon PCL Receivables Turnover vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thai Rayon PCL's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Thai Rayon PCL's Receivables Turnover falls into.
* 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 Rayon PCL (TRAYF) has a Receivables Turnover of 1.38 as of Mar. 2026. The accounts 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. View historical data on Thai Rayon PCL and its competitors.
Is Thai Rayon PCL's Receivables Turnover too high?
Thai Rayon PCL's current Receivables Turnover is 1.38. The Manufacturing - Apparel & Accessories industry median Receivables Turnover is 6.98. Thai Rayon PCL's value of 1.38 is 80.2% below this industry median. Overall, Thai Rayon PCL has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Thai Rayon PCL's Receivables Turnover compare to competitors?
Thai Rayon PCL's Receivables Turnover of 1.38 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Receivables Turnover is 6.98. Thai Rayon PCL's value of 1.38 is 80.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Manufacturing - Apparel & Accessories company?
The median Receivables Turnover among Manufacturing - Apparel & Accessories companies is 6.98, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai Rayon PCL's current Receivables Turnover of 1.38 is 80.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Thai Rayon PCL and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Receivables Turnover is 6.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Rayon PCL's current Receivables Turnover is 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Rayon PCL stock overvalued right now?
Thai Rayon PCL (TRAYF) has a current Receivables Turnover of 1.38. The stock's GF Value™ is $2.77, compared to a current price of $1.70 — trading 38.6% below its estimated fair value. The current Receivables Turnover is 1.38 and 80.2% below the Manufacturing - Apparel & Accessories industry median of 6.98. Thai Rayon PCL's overall GF Score™ is 12/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Thai Rayon PCL (TRAYF), the current Receivables Turnover is 1.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thai Rayon PCL (TRAYF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Rayon PCL stock appears to be undervalued.
The current stock price of $1.70 is trading 38.6% below its estimated GF Value™ of $2.77.
Key valuation signals for TRAYF:
Receivables Turnover: 1.38
GF Value™: $2.77 vs. price of $1.70 (38.6% below fair value)
Industry Position: 80.2% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the TRAYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Rayon PCL is a company based in Thailand that mainly manufactures viscose rayon staple fiber and anhydrous sodium sulphate for sale in domestic and export markets. The company also produces anhydrous sodium sulphate as a by-product, which is widely used in Thailand by detergent, pulp, glass, leather, and textile industries. Thai Rayon has made investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as various diversification projects in Thailand and overseas. The company's operations focus on a single industry segment, which is the manufacturing and distribution of viscose rayon staple fiber and by-products for both domestic and export markets.
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