Thai Group Holdings PCL (BKK:TGH) Change In Receivables : ฿-106 Mil (TTM As of Mar. 2024)

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What is Thai Group Holdings PCL Change In Receivables?

Thai Group Holdings PCL's change in receivables for the quarter that ended in Mar. 2024 was ฿26 Mil. It means Thai Group Holdings PCL's Accounts Receivable declined by ฿26 Mil from Dec. 2023 to Mar. 2024 .

Thai Group Holdings PCL's change in receivables for the fiscal year that ended in Dec. 2023 was ฿188 Mil. It means Thai Group Holdings PCL's Accounts Receivable declined by ฿188 Mil from Dec. 2022 to Dec. 2023 .

Thai Group Holdings PCL's Accounts Receivable for the quarter that ended in Mar. 2024 was ฿1,491 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Thai Group Holdings PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 40.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thai Group Holdings PCL's liquidation value for the three months ended in Mar. 2024 was ฿-23,818 Mil.

Thai Group Holdings PCL Change In Receivables Historical Data

The historical data trend for Thai Group Holdings PCL's Change In Receivables 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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Thai Group Holdings PCL Change In Receivables Chart

Thai Group Holdings PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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1,186.44

-813.13

606.49

818.95

188.07

Thai Group Holdings PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															319.84	-118.61	18.44	-31.61	25.59

Thai Group Holdings PCL Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-106 Mil.

Thai Group Holdings PCL (BKK:TGH) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Thai Group Holdings PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1490.985	/	3393.905	*	91
=	40.09

2. In Ben Graham's calculation of liquidation value, Thai Group Holdings PCL's accounts receivable are only considered to be worth 75% of book value:

Thai Group Holdings PCL's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	50650.347	-	75997.187	+	0.75 * 1490.985	+	0.5 * 821.805
=	-23,818

Thai Group Holdings PCL Change In Receivables Related Terms

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Thai Group Holdings PCL (BKK:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Group Holdings PCL (BKK:TGH) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.tgh.co.th

Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the insurance business segment. The company is managed and operates principally in Thailand.