Make To Win Holding PCL (BKK:MTW-F) Receivables Turnover : 5.54 (As of Mar. 2024)

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What is Make To Win Holding 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. Make To Win Holding PCL's Revenue for the three months ended in Mar. 2024 was ฿110.6 Mil. Make To Win Holding PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿20.0 Mil. Hence, Make To Win Holding PCL's Receivables Turnover for the three months ended in Mar. 2024 was 5.54.

Make To Win Holding PCL Receivables Turnover Historical Data

The historical data trend for Make To Win Holding 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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Make To Win Holding PCL Receivables Turnover Chart

Make To Win Holding PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

37.41

82.35

48.23

40.96

Make To Win Holding PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							16.82	12.66	9.10	8.05	5.54

Competitive Comparison of Make To Win Holding PCL's Receivables Turnover

For the Apparel Manufacturing subindustry, Make To Win Holding 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.

Make To Win Holding PCL's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Make To Win Holding PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Make To Win Holding PCL's Receivables Turnover falls into.

Make To Win Holding PCL Receivables Turnover Calculation

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

Make To Win Holding 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 )
=	527.133	/ (	(9.83	+	15.91)	/	2 )
=	527.133	/	12.87
=	40.96

Make To Win Holding 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 )
=	110.61	/ (	(15.91	+	24.05)	/	2 )
=	110.61	/	19.98
=	5.54

Make To Win Holding PCL (BKK:MTW-F) 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.

Make To Win Holding PCL Receivables Turnover Related Terms

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Make To Win Holding PCL (BKK:MTW-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Make To Win Holding PCL (BKK:MTW-F) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MTW:Thailand

Address

9/70, 9/88 Moo 3, Om YAi Subdistrict, Sam Phran, Nakhon Pathom, THA

Website

https://www.maketowin.com

Make To Win Holding PCL is a manufacturer and distributor of ready-to-wear products. Which consists of t-shirts, T-shirts, round necks, V-necks, polo shirts, both short-sleeved, long-sleeved, tank tops, sleeveless for both men and women.

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