Euroasia Total Logistics PCL (BKK:ETL) Receivables Turnover : 1.44 (As of Dec. 2023)

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What is Euroasia Total Logistics 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. Euroasia Total Logistics PCL's Revenue for the six months ended in Dec. 2023 was ฿592 Mil. Euroasia Total Logistics PCL's average Accounts Receivable for the six months ended in Dec. 2023 was ฿412 Mil. Hence, Euroasia Total Logistics PCL's Receivables Turnover for the six months ended in Dec. 2023 was 1.44.

Euroasia Total Logistics PCL Receivables Turnover Historical Data

The historical data trend for Euroasia Total Logistics 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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Euroasia Total Logistics PCL Receivables Turnover Chart

Euroasia Total Logistics PCL Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.07

2.83

2.77

Euroasia Total Logistics PCL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	1.14	1.79	1.59	1.44

Competitive Comparison of Euroasia Total Logistics PCL's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Euroasia Total Logistics 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.

Euroasia Total Logistics PCL's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Euroasia Total Logistics PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Euroasia Total Logistics PCL's Receivables Turnover falls into.

Euroasia Total Logistics PCL Receivables Turnover Calculation

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

Euroasia Total Logistics 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 )
=	1238.367	/ (	(440.486	+	454)	/	2 )
=	1238.367	/	447.243
=	2.77

Euroasia Total Logistics PCL's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	592.183	/ (	(370.196	+	454)	/	2 )
=	592.183	/	412.098
=	1.44

Euroasia Total Logistics PCL (BKK:ETL) 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.

Euroasia Total Logistics PCL Receivables Turnover Related Terms

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Euroasia Total Logistics PCL (BKK:ETL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Euroasia Total Logistics PCL (BKK:ETL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, 21 Motorway Road, Klong Songtonnoon, Lat Krabang, Bangkok, THA, 10520

Website

https://www.etl.co.th

Euroasia Total Logistics PCL is engaged in Providing cross-border land transport services.

Euroasia Total Logistics PCL (BKK:ETL) Headlines

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