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T.Krungthai Industries PCL (BKK:TKT-F) Accounts Receivable : ฿184 Mil (As of Mar. 2024)


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What is T.Krungthai Industries PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. T.Krungthai Industries PCL's accounts receivables for the quarter that ended in Mar. 2024 was ฿184 Mil.

Accounts receivable can be measured by Days Sales Outstanding. T.Krungthai Industries PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 65.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. T.Krungthai Industries PCL's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ฿-0.34.


T.Krungthai Industries PCL Accounts Receivable Historical Data

The historical data trend for T.Krungthai Industries PCL's Accounts Receivable 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.

* Premium members only.

T.Krungthai Industries PCL Accounts Receivable Chart

T.Krungthai Industries PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.88 208.43 245.68 347.25 256.07

T.Krungthai Industries PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 379.99 292.84 254.60 256.07 183.84

T.Krungthai Industries PCL Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


T.Krungthai Industries PCL Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

T.Krungthai Industries PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=183.839/256.258*91
=65.46

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), T.Krungthai Industries PCL's accounts receivable are only considered to be worth 75% of book value:

T.Krungthai Industries PCL's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(208.069+0.75 * 183.839+0.5 * 94.124-511.846
-0-0)/350.78
=-0.34

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


T.Krungthai Industries PCL Accounts Receivable Related Terms

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T.Krungthai Industries PCL (BKK:TKT-F) Business Description

Traded in Other Exchanges
Address
23 Soi Chan 43, Yaek 21, Chan Road, Tungwatdon, Sathorn, Bangkok, THA, 10120
T.Krungthai Industries PCL is engaged in the manufacturing and distribution of plastic products as well as molds design, molds production and molds repairing. It offers automotive parts and electrical parts such as dashboard components or trims, grillers, wheel covers, mudguards or flaps, engine covers, radiator supports, external and internal parts of refrigerators. Geographically the group has a business presence in Thailand, South Africa, China, Argentina, India, Vietnam and Italy of which a majority of revenue is derived from Thailand.

T.Krungthai Industries PCL (BKK:TKT-F) Headlines

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