Thai Energy Storage Technology PCL (BKK:3K-BAT) Receivables Turnover : 2.45 (As of Mar. 2024)

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What is Thai Energy Storage Technology 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. Thai Energy Storage Technology PCL's Revenue for the three months ended in Mar. 2024 was ฿1,242 Mil. Thai Energy Storage Technology PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿508 Mil. Hence, Thai Energy Storage Technology PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.45.

Thai Energy Storage Technology PCL Receivables Turnover Historical Data

The historical data trend for Thai Energy Storage Technology 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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Thai Energy Storage Technology PCL Receivables Turnover Chart

Thai Energy Storage Technology PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Mar23

Mar24

Receivables Turnover

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10.93

9.86

11.73

10.33

9.41

Thai Energy Storage Technology PCL Quarterly Data
	Dec18	Jun19	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															2.46	2.35	2.45	2.54	2.45

Competitive Comparison of Thai Energy Storage Technology PCL's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Thai Energy Storage Technology 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 Energy Storage Technology PCL's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Thai Energy Storage Technology PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thai Energy Storage Technology PCL's Receivables Turnover falls into.

Thai Energy Storage Technology PCL Receivables Turnover Calculation

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

Thai Energy Storage Technology PCL's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	4931.404	/ (	(498.75	+	549.083)	/	2 )
=	4931.404	/	523.9165
=	9.41

Thai Energy Storage Technology 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 )
=	1242.377	/ (	(466.245	+	549.083)	/	2 )
=	1242.377	/	507.664
=	2.45

Thai Energy Storage Technology PCL (BKK:3K-BAT) 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 Energy Storage Technology PCL Receivables Turnover Related Terms

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Thai Energy Storage Technology PCL (BKK:3K-BAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thai Energy Storage Technology PCL (BKK:3K-BAT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

387 Moo 4, Sukhumvit Road, Mueang Samut Prakan District, Praekasa Sub-District, Samut Prakan, THA, 10280

Website

https://www.3kbattery.com

Thai Energy Storage Technology PCL is engaged in the manufacturing of batteries. It provides Automotive batteries, Motorcycle Battery, Traction Battery, ED Battery, and Lighting batteries among other products. The company's operations are carried on only in Thailand, with an international customer base.

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