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Surapon Foods PCL (BKK:SSF) Receivables Turnover : 4.58 (As of Mar. 2024)


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What is Surapon Foods 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. Surapon Foods PCL's Revenue for the three months ended in Mar. 2024 was ฿1,346 Mil. Surapon Foods PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿294 Mil. Hence, Surapon Foods PCL's Receivables Turnover for the three months ended in Mar. 2024 was 4.58.


Surapon Foods PCL Receivables Turnover Historical Data

The historical data trend for Surapon Foods 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.

Surapon Foods PCL Receivables Turnover Chart

Surapon Foods PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.97 22.10 21.08 19.72 18.00

Surapon Foods PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.10 4.29 4.28 4.49 4.58

Competitive Comparison of Surapon Foods PCL's Receivables Turnover

For the Packaged Foods subindustry, Surapon Foods 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.


Surapon Foods PCL's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Surapon Foods PCL's Receivables Turnover distribution charts can be found below:

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



Surapon Foods PCL Receivables Turnover Calculation

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

Surapon Foods 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 )
=5248.836 / ((309.77 + 273.311) / 2 )
=5248.836 / 291.5405
=18.00

Surapon Foods 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 )
=1345.669 / ((273.311 + 314.279) / 2 )
=1345.669 / 293.795
=4.58

* 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.


Surapon Foods PCL  (BKK:SSF) 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.


Surapon Foods PCL Receivables Turnover Related Terms

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Surapon Foods PCL (BKK:SSF) Business Description

Traded in Other Exchanges
N/A
Address
247 Moo 1, Teparak Road, Amphur Muang, Tambon Teparak, Samutprakarn Province, Samutprakarn, THA, 10270
Surapon Foods PCL is the manufacturer and distributor of seafood, finished and semi-finished frozen foods, including ready-to-cook and ready-to-eat. The group operates in two business segments: the manufacturing & distribution of seafood, and finished & semi-finished frozen foods; and Cold storage warehouse & logistic service. The diversity of its products includes the main ingredients (boiled shrimp, sushi shrimp, fish, squid, etc.), ready-to-eat (dim sum, deep-fried food, and processed chicken), as well as Halal products under the Farhana brand (dim sum and deep-fried food).

Surapon Foods PCL (BKK:SSF) Headlines

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