NAT Absolute Technologies PCL (BKK:NAT) Receivables Turnover : 2.44 (As of Mar. 2024)

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What is NAT Absolute 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. NAT Absolute Technologies PCL's Revenue for the three months ended in Mar. 2024 was ฿730 Mil. NAT Absolute Technologies PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿299 Mil. Hence, NAT Absolute Technologies PCL's Receivables Turnover for the three months ended in Mar. 2024 was 2.44.

NAT Absolute Technologies PCL Receivables Turnover Historical Data

The historical data trend for NAT Absolute 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.

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NAT Absolute Technologies PCL Receivables Turnover Chart

NAT Absolute Technologies PCL Annual Data

Trend

Dec21

Dec22

Receivables Turnover

15.77

9.13

NAT Absolute Technologies PCL Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			2.52	2.12	1.63	1.84	2.44

Competitive Comparison of NAT Absolute Technologies PCL's Receivables Turnover

For the Information Technology Services subindustry, NAT Absolute 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.

NAT Absolute Technologies PCL's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, NAT Absolute Technologies PCL's Receivables Turnover distribution charts can be found below:

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

NAT Absolute Technologies PCL Receivables Turnover Calculation

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

NAT Absolute Technologies PCL's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	1094.852	/ (	(28.454	+	211.367)	/	2 )
=	1094.852	/	119.9105
=	9.13

NAT Absolute 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	730.389	/ (	(241.344	+	356.913)	/	2 )
=	730.389	/	299.1285
=	2.44

NAT Absolute Technologies PCL (BKK:NAT) 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.

NAT Absolute Technologies PCL Receivables Turnover Related Terms

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NAT Absolute Technologies PCL (BKK:NAT) Business Description

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Address

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NAT Absolute Technologies PCL is engaged in information and communication technology services in Thailand. It provides consulting services, design, procure and distribute equipment ready for installation, including providing contract system installation services related to information and communication technology systems (Information and Communication Technology System Integration).