Dominant Enterprise Bhd (XKLS:7169) Receivables Turnover : 1.10 (As of Dec. 2023)

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What is Dominant Enterprise Bhd 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. Dominant Enterprise Bhd's Revenue for the three months ended in Dec. 2023 was RM234.9 Mil. Dominant Enterprise Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM212.6 Mil. Hence, Dominant Enterprise Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.10.

Dominant Enterprise Bhd Receivables Turnover Historical Data

The historical data trend for Dominant Enterprise Bhd'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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Dominant Enterprise Bhd Receivables Turnover Chart

Dominant Enterprise Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.27

4.17

3.96

4.18

4.25

Dominant Enterprise Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.15	1.09	1.02	1.07	1.10

Competitive Comparison of Dominant Enterprise Bhd's Receivables Turnover

For the Lumber & Wood Production subindustry, Dominant Enterprise Bhd'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.

Dominant Enterprise Bhd's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Dominant Enterprise Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dominant Enterprise Bhd's Receivables Turnover falls into.

Dominant Enterprise Bhd Receivables Turnover Calculation

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

Dominant Enterprise Bhd's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	791.58	/ (	(174.067	+	198.076)	/	2 )
=	791.58	/	186.0715
=	4.25

Dominant Enterprise Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	234.91	/ (	(208.354	+	216.927)	/	2 )
=	234.91	/	212.6405
=	1.10

Dominant Enterprise Bhd (XKLS:7169) 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.

Dominant Enterprise Bhd Receivables Turnover Related Terms

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Dominant Enterprise Bhd (XKLS:7169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dominant Enterprise Bhd (XKLS:7169) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 2, Jalan Gemilang 1, Taman Perindustrian Maju Jaya, Johor Bahru, JHR, MYS, 81300

Website

https://www.dominant.com.my

Dominant Enterprise Bhd is a Malaysia-based company engaged in the business of manufacturing and distribution of engineered wood moldings, investment holding, providing management services, laminated wood panels, and other wood accessories. The company is organized into two business segments: The manufacturing segment comprises of production of laminated wood panel products and primed density fiberboard moldings, wrapped moldings, and furniture components; and the Distribution segment comprises of distribution of wood products and building materials which also contributes as a main part of revenue. It operates mainly in the Malaysian market, while it also has a presence in Australia, Asia, and other countries.

Dominant Enterprise Bhd (XKLS:7169) Headlines

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