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Function International PCL (BKK:FTI) Receivables Turnover : 3.30 (As of Mar. 2024)


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What is Function International 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. Function International PCL's Revenue for the three months ended in Mar. 2024 was ฿195.9 Mil. Function International PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿59.4 Mil. Hence, Function International PCL's Receivables Turnover for the three months ended in Mar. 2024 was 3.30.


Function International PCL Receivables Turnover Historical Data

The historical data trend for Function International 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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Function International PCL Receivables Turnover Chart

Function International PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Receivables Turnover
22.40 19.04 17.05 13.24

Function International PCL Quarterly Data
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 2.84 2.40 2.73 3.03 3.30

Competitive Comparison of Function International PCL's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Function International 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.


Function International PCL's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Function International PCL's Receivables Turnover falls into.



Function International PCL Receivables Turnover Calculation

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

Function International 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 )
=778.681 / ((44.804 + 72.804) / 2 )
=778.681 / 58.804
=13.24

Function International 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 )
=195.906 / ((72.804 + 45.917) / 2 )
=195.906 / 59.3605
=3.30

* 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.


Function International PCL  (BKK:FTI) 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.


Function International PCL Receivables Turnover Related Terms

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Function International PCL (BKK:FTI) Business Description

Traded in Other Exchanges
N/A
Address
313 Charoen Phatthana Road, Bang Chan, Khlong Sam Wa, Bangkok, THA, 10510
Function International PCL is engaged in the distribution of water filter, pump, chemical and equipment for water filter. The company offer its products to household, industrial and commercial users. Its segments are Household product, Commercial product, Industrial product and Filter substance and chemical product.