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Fine Metal Technologies PCL (BKK:FMT) Receivables Turnover : 1.41 (As of Mar. 2024)


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What is Fine Metal Technologies 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. Fine Metal Technologies PCL's Revenue for the three months ended in Mar. 2024 was ฿1,879 Mil. Fine Metal Technologies PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿1,335 Mil. Hence, Fine Metal Technologies PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.41.


Fine Metal Technologies PCL Receivables Turnover Historical Data

The historical data trend for Fine Metal Technologies 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.

* Premium members only.

Fine Metal Technologies PCL Receivables Turnover Chart

Fine Metal Technologies PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 3.07 4.58 5.31 5.36

Fine Metal Technologies 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 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 1.29 1.08 1.00 1.18 1.41

Competitive Comparison of Fine Metal Technologies PCL's Receivables Turnover

For the Metal Fabrication subindustry, Fine Metal Technologies 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.


Fine Metal Technologies PCL's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fine Metal Technologies PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fine Metal Technologies PCL's Receivables Turnover falls into.



Fine Metal Technologies PCL Receivables Turnover Calculation

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

Fine Metal Technologies 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 )
=6745.866 / ((1389.414 + 1128.887) / 2 )
=6745.866 / 1259.1505
=5.36

Fine Metal Technologies 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 )
=1879.008 / ((1128.887 + 1540.992) / 2 )
=1879.008 / 1334.9395
=1.41

* 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.


Fine Metal Technologies PCL  (BKK:FMT) 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.


Fine Metal Technologies PCL Receivables Turnover Related Terms

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Fine Metal Technologies PCL (BKK:FMT) Business Description

Traded in Other Exchanges
N/A
Address
Rajdamri Road, 183 Regent House Building, 14th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Fine Metal Technologies PCL is engaged in the manufacturing and distribution of a seamless copper tube, which is an important component for air-conditioners and refrigerator equipment. Its products include Smooth Tube, Multi Groove Tube, Accumulator Tube, and Capillary Tube. Geographically, the company operates in Thailand, Malaysia, Japan, Singapore and Othercountries.

Fine Metal Technologies PCL (BKK:FMT) Headlines

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