Gulf Energy Development PCL (BKK:GULF) Receivables Turnover : 1.36 (As of Mar. 2024)

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What is Gulf Energy Development 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. Gulf Energy Development PCL's Revenue for the three months ended in Mar. 2024 was ฿31,599 Mil. Gulf Energy Development PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿23,260 Mil. Hence, Gulf Energy Development PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.36.

Gulf Energy Development PCL Receivables Turnover Historical Data

The historical data trend for Gulf Energy Development 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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Gulf Energy Development PCL Receivables Turnover Chart

Gulf Energy Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.90

6.05

6.23

6.59

5.68

Gulf Energy Development 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															1.32	1.47	1.28	1.35	1.36

Competitive Comparison of Gulf Energy Development PCL's Receivables Turnover

For the Utilities - Renewable subindustry, Gulf Energy Development 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.

Gulf Energy Development PCL's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Gulf Energy Development PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gulf Energy Development PCL's Receivables Turnover falls into.

Gulf Energy Development PCL Receivables Turnover Calculation

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

Gulf Energy Development 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 )
=	114054.441	/ (	(18998.824	+	21164.781)	/	2 )
=	114054.441	/	20081.8025
=	5.68

Gulf Energy Development 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 )
=	31598.764	/ (	(21164.781	+	25354.425)	/	2 )
=	31598.764	/	23259.603
=	1.36

Gulf Energy Development PCL (BKK:GULF) 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.

Gulf Energy Development PCL Receivables Turnover Related Terms

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Gulf Energy Development PCL (BKK:GULF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Gulf Energy Development PCL (BKK:GULF) » Definitions » Receivables Turnover

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GULF-F:Thailand

Address

Wireless Road, All Seasons Place, 87 M.Thai Tower 11th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.gulf.co.th

Gulf Energy Development PCL is a Thailand based business, that engages in electricity-generating business. The principal operation of the group is to generate and sell electricity, steam and cold water storing and converting natural gas from liquid to gas, provide satellite services and, and other related businesses. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. It operates through the following segments: The power segment, the Infrastructure segment, Satellite business segment, and Consulting segment. Geographically the company caters its services to both domestic and international markets.