True PCL (BKK:TRUE) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is True 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. True PCL's Revenue for the three months ended in Mar. 2024 was ฿51,347 Mil. True PCL's average Accounts Receivable for the three months ended in Mar. 2024 was ฿38,309 Mil. Hence, True PCL's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

True PCL Receivables Turnover Historical Data

The historical data trend for True 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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True PCL Receivables Turnover Chart

True PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.16

3.81

3.47

3.12

True 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															0.43	1.65	1.26	-	1.34

Competitive Comparison of True PCL's Receivables Turnover

For the Telecom Services subindustry, True 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.

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

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

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

True PCL Receivables Turnover Calculation

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

True 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 )
=	0	/ (	(42362.37	+	40214.43)	/	2 )
=	0	/	41288.4
=	N/A

True 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 )
=	51346.741	/ (	(40214.43	+	36403.9)	/	2 )
=	51346.741	/	38309.165
=	1.34

True PCL (BKK:TRUE) 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.

True PCL Receivables Turnover Related Terms

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True PCL (BKK:TRUE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TCPFF:USA TAF1:Germany

Address

18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310

Website

https://www.truecorp.co.th

True Corp PCL is a triple-play telecommunications company. It operates through three business segments: TrueOnline, TrueMove H, and TrueVisions. The majority of revenue is derived from TrueMove H, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. TrueOnline comprises the company's fixed-line telephone and public phone services, Internet, and business data services. TrueVisions is the group's pay-TV service. It is delivered via digital direct-to-home satellite and hybrid fibre-coaxial cable network platforms. It operates in a single geographical area, which is Thailand.