OCK Group Bhd (XKLS:0172) Receivables Turnover : 0.68 (As of Dec. 2023)

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What is OCK Group 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. OCK Group Bhd's Revenue for the three months ended in Dec. 2023 was RM169.3 Mil. OCK Group Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM247.8 Mil. Hence, OCK Group Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 0.68.

OCK Group Bhd Receivables Turnover Historical Data

The historical data trend for OCK Group 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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OCK Group Bhd Receivables Turnover Chart

OCK Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.49

3.67

4.98

4.78

4.38

OCK Group 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															0.88	0.74	0.54	0.58	0.68

Competitive Comparison of OCK Group Bhd's Receivables Turnover

For the Telecom Services subindustry, OCK Group 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.

OCK Group Bhd's Receivables Turnover Distribution in the Telecommunication Services Industry

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

* The bar in red indicates where OCK Group Bhd's Receivables Turnover falls into.

OCK Group Bhd Receivables Turnover Calculation

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

OCK Group Bhd'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 )
=	722.783	/ (	(170.092	+	159.586)	/	2 )
=	722.783	/	164.839
=	4.38

OCK Group 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 )
=	169.282	/ (	(335.974	+	159.586)	/	2 )
=	169.282	/	247.78
=	0.68

OCK Group Bhd (XKLS:0172) 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.

OCK Group Bhd Receivables Turnover Related Terms

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OCK Group Bhd (XKLS:0172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » OCK Group Bhd (XKLS:0172) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 18, Jalan Jurunilai U1/20, Seksyen U1, Hicom Glenmarie Industrial Park, Shah Alam, SGR, MYS, 40150

Website

https://www.ock.com.my

OCK Group Bhd provides telecommunications network services. The company is engaged in the provision of telecommunication services equipped with the ability to provide full turnkey services. The company operates in segments namely Telecommunication Network Services, Green Energy & Power Solutions, Trading, Mechanical & Electrical Engineering Services, and Investment Holding. The majority of the revenue is generated from the Telecommunication Network Services. The company also trades in telecommunication hardware and installation of materials such as antennas, feeder cables, and connectors. The company operates in Malaysia, China, Myanmar, Indonesia, Singapore, and Vietnam, out of which Malaysia accounts for the majority revenue.

OCK Group Bhd (XKLS:0172) Headlines

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