Thai Oil PCL (BKK:TOP) Receivables Turnover : 3.69 (As of Mar. 2024)

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What is Thai Oil 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 Oil PCL's Revenue for the three months ended in Mar. 2024 was ฿114,239 Mil. Thai Oil PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿30,985 Mil. Hence, Thai Oil PCL's Receivables Turnover for the three months ended in Mar. 2024 was 3.69.

Thai Oil PCL Receivables Turnover Historical Data

The historical data trend for Thai Oil 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 Oil PCL Receivables Turnover Chart

Thai Oil PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.45

13.81

18.60

19.39

15.34

Thai Oil 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															4.29	4.36	4.28	3.69	3.69

Competitive Comparison of Thai Oil PCL's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Thai Oil 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 Oil PCL's Receivables Turnover Distribution in the Oil & Gas Industry

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

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

Thai Oil PCL Receivables Turnover Calculation

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

Thai Oil 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 )
=	459402.195	/ (	(28758.763	+	31154.418)	/	2 )
=	459402.195	/	29956.5905
=	15.34

Thai Oil 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 )
=	114238.619	/ (	(31154.418	+	30815.172)	/	2 )
=	114238.619	/	30984.795
=	3.69

Thai Oil PCL (BKK:TOP) 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 Oil PCL Receivables Turnover Related Terms

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Thai Oil PCL (BKK:TOP) Business Description

Industry

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Address

11th Floor, Vibhavadi Rangsit Road, 555/1 Energy Complex Building A, Kwang Chatuchak, Khet Chatuchak, Bangkok, THA, 10900

Website

https://www.thaioilgroup.com

Thai Oil PCL is a refiner and supplier of petroleum products. Based out of Thailand, the company's refinery unit produces the most revenue of its various business segments. Thai Oil's refined products primarily consist of middle-distillation fuels such as jet fuel, kerosene, and diesel fuel. Once refined, petroleum products can be transported by the midstream business, Thai Petroleum Pipeline. In addition to the transportation and refinery segments, Thai Oil produces aromatics, which are used in products like detergent. Power generation, alternative energy, and chemical production are also byproducts of Thai Oil and its many subsidiaries.