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Tapaco PCL (BKK:TAPAC) Receivables Turnover : 1.62 (As of Oct. 2023)


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What is Tapaco 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. Tapaco PCL's Revenue for the three months ended in Oct. 2023 was ฿348 Mil. Tapaco PCL's average Accounts Receivable for the three months ended in Oct. 2023 was ฿214 Mil. Hence, Tapaco PCL's Receivables Turnover for the three months ended in Oct. 2023 was 1.62.


Tapaco PCL Receivables Turnover Historical Data

The historical data trend for Tapaco 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.

Tapaco PCL Receivables Turnover Chart

Tapaco PCL Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.62 6.12 7.84 6.60 5.21

Tapaco PCL Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 1.92 1.51 2.32 1.88 1.62

Competitive Comparison of Tapaco PCL's Receivables Turnover

For the Conglomerates subindustry, Tapaco 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.


Tapaco PCL's Receivables Turnover Distribution in the Conglomerates Industry

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

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



Tapaco PCL Receivables Turnover Calculation

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

Tapaco PCL's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=1788.1 / ((459.278 + 226.692) / 2 )
=1788.1 / 342.985
=5.21

Tapaco PCL's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

Receivables Turnover (Q: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2023 ) / ((Accounts Receivable (Q: Jul. 2023 ) + Accounts Receivable (Q: Oct. 2023 )) / count )
=347.99 / ((201.949 + 226.692) / 2 )
=347.99 / 214.3205
=1.62

* 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.


Tapaco PCL  (BKK:TAPAC) 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.


Tapaco PCL Receivables Turnover Related Terms

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Tapaco PCL (BKK:TAPAC) Business Description

Traded in Other Exchanges
N/A
Address
789/40 Moo 1, Sub-district Nongkham, District Sriracha, Chonburi, THA, 20230
Tapaco PCL is a Thailand-based company. Its operating segments are Manufacturing of plastic parts which include assembling of electrical and electronic products, Manufacturing of mold and related services involves the manufacturing of plastic injection mold and providing repair, maintenance, and modification services for a plastic injection mold, Sales of cosmetic products, and Construction and real estate services.

Tapaco PCL (BKK:TAPAC) Headlines

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