Tropical Canning (Thailand) PCL (BKK:TC) Receivables Turnover : 1.14 (As of Mar. 2024)

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What is Tropical Canning (Thailand) 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. Tropical Canning (Thailand) PCL's Revenue for the three months ended in Mar. 2024 was ฿1,405 Mil. Tropical Canning (Thailand) PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿1,233 Mil. Hence, Tropical Canning (Thailand) PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.14.

Tropical Canning (Thailand) PCL Receivables Turnover Historical Data

The historical data trend for Tropical Canning (Thailand) 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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Tropical Canning (Thailand) PCL Receivables Turnover Chart

Tropical Canning (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.29

6.50

5.77

8.26

5.36

Tropical Canning (Thailand) 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															2.03	1.85	1.91	1.44	1.14

Competitive Comparison of Tropical Canning (Thailand) PCL's Receivables Turnover

For the Packaged Foods subindustry, Tropical Canning (Thailand) 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.

Tropical Canning (Thailand) PCL's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Tropical Canning (Thailand) PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tropical Canning (Thailand) PCL's Receivables Turnover falls into.

Tropical Canning (Thailand) PCL Receivables Turnover Calculation

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

Tropical Canning (Thailand) 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 )
=	4915.255	/ (	(716.398	+	1118.226)	/	2 )
=	4915.255	/	917.312
=	5.36

Tropical Canning (Thailand) 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 )
=	1404.7	/ (	(1118.226	+	1348.134)	/	2 )
=	1404.7	/	1233.18
=	1.14

Tropical Canning (Thailand) PCL (BKK:TC) 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.

Tropical Canning (Thailand) PCL Receivables Turnover Related Terms

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Tropical Canning (Thailand) PCL (BKK:TC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tropical Canning (Thailand) PCL (BKK:TC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1/1 Moo 2, Karnjanavanich Road, P.O. Box 44, Thungyai, Hatyai, Songkhla, THA, 90110

Website

https://www.tropical.co.th

Tropical Canning (Thailand) PCL is engaged in the manufacturing and trading of canned and pouched seafood products. The product portfolio includes Regular tuna products, Canned shellfish products, Ready-to-eat products, and Petfood cans. It has a business presence in the African continent, the European continent, the Asian continent and the American continent, among others.