PTT Oil and Retail Business PCL (BKK:OR) Receivables Turnover : 6.94 (As of Mar. 2024)

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What is PTT Oil and Retail Business 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. PTT Oil and Retail Business PCL's Revenue for the three months ended in Mar. 2024 was ฿177,867 Mil. PTT Oil and Retail Business PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿25,620 Mil. Hence, PTT Oil and Retail Business PCL's Receivables Turnover for the three months ended in Mar. 2024 was 6.94.

PTT Oil and Retail Business PCL Receivables Turnover Historical Data

The historical data trend for PTT Oil and Retail Business 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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PTT Oil and Retail Business PCL Receivables Turnover Chart

PTT Oil and Retail Business PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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25.64

25.63

31.65

32.69

27.82

PTT Oil and Retail Business PCL Quarterly Data
	Dec18	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															7.65	8.50	6.93	6.22	6.94

Competitive Comparison of PTT Oil and Retail Business PCL's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, PTT Oil and Retail Business 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.

PTT Oil and Retail Business PCL's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PTT Oil and Retail Business PCL's Receivables Turnover falls into.

PTT Oil and Retail Business PCL Receivables Turnover Calculation

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

PTT Oil and Retail Business 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 )
=	769224	/ (	(28083	+	27220)	/	2 )
=	769224	/	27651.5
=	27.82

PTT Oil and Retail Business 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 )
=	177867.254	/ (	(27220	+	24020)	/	2 )
=	177867.254	/	25620
=	6.94

PTT Oil and Retail Business PCL (BKK:OR) 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.

PTT Oil and Retail Business PCL Receivables Turnover Related Terms

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PTT Oil and Retail Business PCL (BKK:OR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PTT Oil and Retail Business PCL (BKK:OR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

OR-F:Thailand 7F8:Germany

Address

Vibhavadi Rangsit Road, 555/2 Energy Complex, Building B, 12th Floor, Khwaeng Chatuchak, Bangkok, THA, 10900

Website

https://www.pttplc.com

PTT Oil and Retail Business PCL operate in the oil and gas refining and marketing sector. The company is engaged in the distribution of petroleum products and retailing of non-oil products and services in both domestic and international markets. Its segments include Mobility Business; Lifestyle Business and Global Business. The firm invests in companies that are engaged in the management of retail fuel service stations, convenience stores, and space management in retail fuel service stations.