Bangchak Sriracha PCL (BKK:BSRC) Receivables Turnover : 5.10 (As of Mar. 2024)

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What is Bangchak Sriracha 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. Bangchak Sriracha PCL's Revenue for the three months ended in Mar. 2024 was ฿60,146 Mil. Bangchak Sriracha PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿11,792 Mil. Hence, Bangchak Sriracha PCL's Receivables Turnover for the three months ended in Mar. 2024 was 5.10.

Bangchak Sriracha PCL Receivables Turnover Historical Data

The historical data trend for Bangchak Sriracha 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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Bangchak Sriracha PCL Receivables Turnover Chart

Bangchak Sriracha PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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26.43

21.42

25.22

29.70

24.76

Bangchak Sriracha 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															6.75	6.67	9.09	7.33	5.10

Competitive Comparison of Bangchak Sriracha PCL's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Bangchak Sriracha 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.

Bangchak Sriracha PCL's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Bangchak Sriracha PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bangchak Sriracha PCL's Receivables Turnover falls into.

Bangchak Sriracha PCL Receivables Turnover Calculation

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

Bangchak Sriracha 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 )
=	222562.074	/ (	(8429.771	+	9547.502)	/	2 )
=	222562.074	/	8988.6365
=	24.76

Bangchak Sriracha 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 )
=	60146.094	/ (	(9547.502	+	14037.212)	/	2 )
=	60146.094	/	11792.357
=	5.10

Bangchak Sriracha PCL (BKK:BSRC) 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.

Bangchak Sriracha PCL Receivables Turnover Related Terms

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Bangchak Sriracha PCL (BKK:BSRC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

JAV:Germany

Address

3195/17-29 Rama IV Road, Klongton, Klong Toey District, Bangkok, THA, 10110

Website

https://www.esso.co.th

Bangchak Sriracha PCL Formerly Esso Thailand PCL is engaged in the refining and marketing of petroleum products, including a network of retail service stations. The company operates a refinery and chemical manufacturing plant in Sriracha, Thailand. It also operates distribution facilities and oil terminals throughout Thailand. Its products are sold through a network of retail service stations, directly to industrial customers, and through export. It is involved in the sale of chemical products to both domestic and overseas customers. Its products include Refined petroleum products, Lubricants and specialities, and Aromatics and chemicals. Its segments are Downstream which includes the refining and marketing of petroleum products and Petrochemicals.

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