Proen PCL (BKK:PROEN) Receivables Turnover : 0.56 (As of Mar. 2024)

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What is Proen 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. Proen PCL's Revenue for the three months ended in Mar. 2024 was ฿138.7 Mil. Proen PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿245.8 Mil. Hence, Proen PCL's Receivables Turnover for the three months ended in Mar. 2024 was 0.56.

Proen PCL Receivables Turnover Historical Data

The historical data trend for Proen 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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Proen PCL Receivables Turnover Chart

Proen PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

7.59

9.45

8.16

8.88

3.56

Proen PCL Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												0.99	0.56	0.94	0.77	0.56

Competitive Comparison of Proen PCL's Receivables Turnover

For the Telecom Services subindustry, Proen 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.

Proen PCL's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Proen PCL's Receivables Turnover distribution charts can be found below:

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

Proen PCL Receivables Turnover Calculation

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

Proen 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 )
=	763.316	/ (	(181.223	+	247.065)	/	2 )
=	763.316	/	214.144
=	3.56

Proen 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 )
=	138.666	/ (	(247.065	+	244.476)	/	2 )
=	138.666	/	245.7705
=	0.56

Proen PCL (BKK:PROEN) 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.

Proen PCL Receivables Turnover Related Terms

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Proen PCL (BKK:PROEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Proen Corp PCL (BKK:PROEN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Charoenkrung Road, 72 CAT Telecom Building, 4th, 18th Floor, Bangrak Sub-district, Bangrak District, Bangkok, THA, 10500

Website

https://www.proen.co.th

Proen Corp PCL is engaged in the business of IT equipment distributor, providing internet data center services and related services, providing internet security services, and construction. The Group has three segments which are comprised of IT equipment distribution, Internet data center, and related services and Construction of which key revenue is from the IT equipment segment. The Group operates in Thailand.

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