Precise PCL (BKK:PCC) Receivables Turnover : 1.11 (As of Mar. 2024)

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What is Precise 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. Precise PCL's Revenue for the three months ended in Mar. 2024 was ฿1,195 Mil. Precise PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿1,074 Mil. Hence, Precise PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.11.

Precise PCL Receivables Turnover Historical Data

The historical data trend for Precise 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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Precise PCL Receivables Turnover Chart

Precise PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.54

3.87

4.53

4.08

Precise PCL Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							1.06	1.40	1.10	1.15	1.11

Competitive Comparison of Precise PCL's Receivables Turnover

For the Conglomerates subindustry, Precise 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.

Precise PCL's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Precise PCL's Receivables Turnover distribution charts can be found below:

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

Precise PCL Receivables Turnover Calculation

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

Precise 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 )
=	4600.677	/ (	(1159.21	+	1096.771)	/	2 )
=	4600.677	/	1127.9905
=	4.08

Precise 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 )
=	1195.149	/ (	(1096.771	+	1051.055)	/	2 )
=	1195.149	/	1073.913
=	1.11

Precise PCL (BKK:PCC) 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.

Precise PCL Receivables Turnover Related Terms

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Precise PCL (BKK:PCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Precise Corp PCL (BKK:PCC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1842, Krung Thep-Nonthaburi Road, Wongsawang, Bang Sue, Bangkok, THA, 10800

Website

https://www.precise.co.th

Precise Corp PCL is an investment holding company. The company's segments include Production and distribution of electricity transmission equipment, project management, services and maintenance in low and high voltage of power industries and power utility management; Power station construction, transmission lines, high voltage substations, manufacturing, installation, control and intelligent electricity; Energy investment, production and distribution of electricity from renewable energy, and other related business; Design software management system, platform and information system for enterprise Bio-circular-green economy and Import and export of electrical and mechanical equipment and project sales.

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