Siamgas And Petrochemicals PCL (BKK:SGP) Receivables Turnover : 3.79 (As of Mar. 2024)

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What is Siamgas And Petrochemicals 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. Siamgas And Petrochemicals PCL's Revenue for the three months ended in Mar. 2024 was ฿23,261 Mil. Siamgas And Petrochemicals PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿6,142 Mil. Hence, Siamgas And Petrochemicals PCL's Receivables Turnover for the three months ended in Mar. 2024 was 3.79.

Siamgas And Petrochemicals PCL Receivables Turnover Historical Data

The historical data trend for Siamgas And Petrochemicals 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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Siamgas And Petrochemicals PCL Receivables Turnover Chart

Siamgas And Petrochemicals PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.72

13.15

17.97

18.28

15.26

Siamgas And Petrochemicals 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															3.60	2.85	3.04	3.15	3.79

Competitive Comparison of Siamgas And Petrochemicals PCL's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Siamgas And Petrochemicals 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.

Siamgas And Petrochemicals PCL's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Siamgas And Petrochemicals PCL's Receivables Turnover falls into.

Siamgas And Petrochemicals PCL Receivables Turnover Calculation

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

Siamgas And Petrochemicals 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 )
=	90598.942	/ (	(5959	+	5915)	/	2 )
=	90598.942	/	5937
=	15.26

Siamgas And Petrochemicals 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 )
=	23260.691	/ (	(5915	+	6369)	/	2 )
=	23260.691	/	6142
=	3.79

Siamgas And Petrochemicals PCL (BKK:SGP) 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.

Siamgas And Petrochemicals PCL Receivables Turnover Related Terms

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Siamgas And Petrochemicals PCL (BKK:SGP) Business Description

Industry

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N/A

Address

No. 553, Ratchaprarop Road, 30th Floor, Tower A, The Palladium Building, Makkasan, Ratchathewi, Bangkok, THA, 10400

Website

https://www.siamgas.com

Siamgas And Petrochemicals PCL are engaged in the trading of liquefied petroleum gas and petrochemicals. It sells liquefied petroleum gas under two brands: SIAMGAS and UNIQUE GAS in Thailand and under SGGAS, SINGGAS, and MYGAZ brands in the Overseas market. Its segments include Petroleum & petrochemical products, which is engaged in trading of petroleum for household cooking, industry & transportation businesses, and petrochemical trading; Transportation services, which provides transportation services by land & ship; and Others segment, which is into Cylinder manufacturing, holding business and oil depots & port services. Its operations are carried out in Thailand, China, Singapore, Malaysia, and Vietnam. The company generates the majority of its revenue from the overseas market.

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