Ubon Bio Ethanol PCL (BKK:UBE) Receivables Turnover : 3.64 (As of Mar. 2024)

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What is Ubon Bio Ethanol 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. Ubon Bio Ethanol PCL's Revenue for the three months ended in Mar. 2024 was ฿1,890 Mil. Ubon Bio Ethanol PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿519 Mil. Hence, Ubon Bio Ethanol PCL's Receivables Turnover for the three months ended in Mar. 2024 was 3.64.

Ubon Bio Ethanol PCL Receivables Turnover Historical Data

The historical data trend for Ubon Bio Ethanol 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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Ubon Bio Ethanol PCL Receivables Turnover Chart

Ubon Bio Ethanol PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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23.04

12.85

12.55

9.33

9.48

Ubon Bio Ethanol PCL Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														2.25	2.49	3.22	3.78	3.64

Competitive Comparison of Ubon Bio Ethanol PCL's Receivables Turnover

For the Farm Products subindustry, Ubon Bio Ethanol 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.

Ubon Bio Ethanol PCL's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ubon Bio Ethanol PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ubon Bio Ethanol PCL's Receivables Turnover falls into.

Ubon Bio Ethanol PCL Receivables Turnover Calculation

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

Ubon Bio Ethanol 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 )
=	5838.036	/ (	(788.632	+	443.474)	/	2 )
=	5838.036	/	616.053
=	9.48

Ubon Bio Ethanol 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 )
=	1890.313	/ (	(443.474	+	594.673)	/	2 )
=	1890.313	/	519.0735
=	3.64

Ubon Bio Ethanol PCL (BKK:UBE) 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.

Ubon Bio Ethanol PCL Receivables Turnover Related Terms

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Ubon Bio Ethanol PCL (BKK:UBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ubon Bio Ethanol PCL (BKK:UBE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Moo 9, Nadee Sub district, Nayia District, Ubon Ratchathani Province, Ubon Ratchathani, THA, 34160

Website

https://www.ubonbioethanol.com

Ubon Bio Ethanol PCL is engaged in the manufacture and distribution of processed cassava products which include cassava-based ethanol, cassava starch, cassava flour, other organic products, biogas and electricity from biogas and solar power system. The company has three reportable segment Tapioca starch, biogas and electricity, Ethanol and others. Majority of revenue is generated from Ethanol segment.

Ubon Bio Ethanol PCL (BKK:UBE) Headlines

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