Market Connections Asia PCL (BKK:MCA) Receivables Turnover : 2.97 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Market Connections Asia 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. Market Connections Asia PCL's Revenue for the six months ended in Dec. 2023 was ฿260.8 Mil. Market Connections Asia PCL's average Accounts Receivable for the six months ended in Dec. 2023 was ฿87.7 Mil. Hence, Market Connections Asia PCL's Receivables Turnover for the six months ended in Dec. 2023 was 2.97.

Market Connections Asia PCL Receivables Turnover Historical Data

The historical data trend for Market Connections Asia 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.

Market Connections Asia PCL Receivables Turnover Chart

Market Connections Asia PCL Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

4.28

6.29

5.69

Market Connections Asia PCL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	-	3.44	2.91	2.96	2.97

Competitive Comparison of Market Connections Asia PCL's Receivables Turnover

For the Advertising Agencies subindustry, Market Connections Asia 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.

Market Connections Asia PCL's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Market Connections Asia PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Market Connections Asia PCL's Receivables Turnover falls into.

Market Connections Asia PCL Receivables Turnover Calculation

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

Market Connections Asia 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 )
=	471.115	/ (	(66.114	+	99.491)	/	2 )
=	471.115	/	82.8025
=	5.69

Market Connections Asia 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 )
=	260.829	/ (	(75.861	+	99.491)	/	2 )
=	260.829	/	87.676
=	2.97

Market Connections Asia PCL (BKK:MCA) 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.

Market Connections Asia PCL Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Market Connections Asia PCL's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Market Connections Asia PCL (BKK:MCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Market Connections Asia PCL (BKK:MCA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

51/859 Soi Nuanchan 34, Nuanchan Subdistrict, Bueng Kum, Bangkok, THA, 10230

Website

https://www.marketconnectionsasia.com

Market Connections Asia PCL is a company that does integrated marketing activities both offline and online. The company focuses on providing services. and is a coordinating medium To increase sales in various trade channels Ready to provide service and support in taking care of every aspect of the work process. in order to get effective results. The company's business segment includes Marketing and digital activities, Packing and logistics, Product consultants, and Merchandising. The company generates the majority of its revenue from Merchandising, and Marketing and digital activities.

Market Connections Asia PCL (BKK:MCA) Headlines

From GuruFocus

BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Three Municipal Closed-End Funds

By Business Wire Business Wire • 03-04-2022