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Sanko Diecasting (Thailand) PCL (BKK:SANKO) Receivables Turnover : 2.03 (As of Mar. 2024)


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What is Sanko Diecasting (Thailand) 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. Sanko Diecasting (Thailand) PCL's Revenue for the three months ended in Mar. 2024 was ฿225.0 Mil. Sanko Diecasting (Thailand) PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿110.8 Mil. Hence, Sanko Diecasting (Thailand) PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.03.


Sanko Diecasting (Thailand) PCL Receivables Turnover Historical Data

The historical data trend for Sanko Diecasting (Thailand) 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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Sanko Diecasting (Thailand) PCL Receivables Turnover Chart

Sanko Diecasting (Thailand) 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 7.40 5.87 7.75 7.03 7.19

Sanko Diecasting (Thailand) PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.82 1.60 1.64 1.75 2.03

Competitive Comparison of Sanko Diecasting (Thailand) PCL's Receivables Turnover

For the Auto Parts subindustry, Sanko Diecasting (Thailand) 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.


Sanko Diecasting (Thailand) PCL's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sanko Diecasting (Thailand) PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sanko Diecasting (Thailand) PCL's Receivables Turnover falls into.



Sanko Diecasting (Thailand) PCL Receivables Turnover Calculation

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

Sanko Diecasting (Thailand) 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 )
=760.952 / ((106.33 + 105.406) / 2 )
=760.952 / 105.868
=7.19

Sanko Diecasting (Thailand) PCL's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=225.034 / ((105.406 + 116.18) / 2 )
=225.034 / 110.793
=2.03

* 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.


Sanko Diecasting (Thailand) PCL  (BKK:SANKO) 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.


Sanko Diecasting (Thailand) PCL Receivables Turnover Related Terms

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Sanko Diecasting (Thailand) PCL (BKK:SANKO) Business Description

Traded in Other Exchanges
N/A
Address
3/14 Moo. 2, Tambol Nongbua, Rojana Industrial Park Rayong, Amphur Bankhai, Rayong, THA, 21120
Sanko Diecasting (Thailand) PCL is involved in the manufacturing and distribution of steel products and steel parts. Its only operating segment being manufacturing and distribution of mold and aluminium parts. The company's product categories include automotive; motorcycles; electric; agricultural machinery and home decoration. Geographically, it operates only in Thailand. It derives a majority of revenue from aluminum parts.

Sanko Diecasting (Thailand) PCL (BKK:SANKO) Headlines

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