T M C Industrial PCL (BKK:TMC) Receivables Turnover : 1.31 (As of Mar. 2024)

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What is T M C Industrial 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. T M C Industrial PCL's Revenue for the three months ended in Mar. 2024 was ฿45.1 Mil. T M C Industrial PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿34.5 Mil. Hence, T M C Industrial PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.

T M C Industrial PCL Receivables Turnover Historical Data

The historical data trend for T M C Industrial 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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T M C Industrial PCL Receivables Turnover Chart

T M C Industrial PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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18.84

8.70

8.36

11.25

10.28

T M C Industrial 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															1.93	0.88	2.45	2.63	1.31

Competitive Comparison of T M C Industrial PCL's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, T M C Industrial 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.

T M C Industrial PCL's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, T M C Industrial PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where T M C Industrial PCL's Receivables Turnover falls into.

T M C Industrial PCL Receivables Turnover Calculation

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

T M C Industrial 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 )
=	326.611	/ (	(26.533	+	37.011)	/	2 )
=	326.611	/	31.772
=	10.28

T M C Industrial 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 )
=	45.082	/ (	(37.011	+	32.016)	/	2 )
=	45.082	/	34.5135
=	1.31

T M C Industrial PCL (BKK:TMC) 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.

T M C Industrial PCL Receivables Turnover Related Terms

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T M C Industrial PCL (BKK:TMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » T M C Industrial PCL (BKK:TMC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

125/10, Moo 5 Ban Saun Subdistrict, Muang Chonburi, Chonburi, THA, 20000

Website

http://www.tmc.co.th

T M C Industrial PLC manufactures and distributes mechanical and hydraulic press systems. The company operates its business through three segments: Manufacture and Distribution of Machinery; Services and Project construction service segment. The Manufacture and Distribution of Machinery segment which contributes majorly towards the firm's revenue engages in the manufacturing and distribution of hydraulic machines, such as press machines, cranes, and handling equipment. The Services segment engages in the provision of machine repair and maintenance and metal machining services. The Project construction service segment is engaged in the project construction service by supplying machines and installation according to the contract.