Smile-Link Healthcare Global Bhd (XKLS:03023) Receivables Turnover : 3.38 (As of Jun. 2023)

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What is Smile-Link Healthcare Global 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. Smile-Link Healthcare Global Bhd's Revenue for the six months ended in Jun. 2023 was RM17.12 Mil. Smile-Link Healthcare Global Bhd's average Accounts Receivable for the six months ended in Jun. 2023 was RM5.07 Mil. Hence, Smile-Link Healthcare Global Bhd's Receivables Turnover for the six months ended in Jun. 2023 was 3.38.

Smile-Link Healthcare Global Bhd Receivables Turnover Historical Data

The historical data trend for Smile-Link Healthcare Global 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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Smile-Link Healthcare Global Bhd Receivables Turnover Chart

Smile-Link Healthcare Global Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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19.06

21.71

17.10

11.34

15.92

Smile-Link Healthcare Global Bhd Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial							3.83	3.25	3.01	4.87	3.38

Competitive Comparison of Smile-Link Healthcare Global Bhd's Receivables Turnover

For the Medical Care Facilities subindustry, Smile-Link Healthcare Global 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.

Smile-Link Healthcare Global Bhd's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Smile-Link Healthcare Global Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Smile-Link Healthcare Global Bhd's Receivables Turnover falls into.

Smile-Link Healthcare Global Bhd Receivables Turnover Calculation

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

Smile-Link Healthcare Global Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	34.525	/ (	(3.717	+	0.619)	/	2 )
=	34.525	/	2.168
=	15.92

Smile-Link Healthcare Global Bhd's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	17.123	/ (	(0.619	+	9.523)	/	2 )
=	17.123	/	5.071
=	3.38

Smile-Link Healthcare Global Bhd (XKLS:03023) 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.

Smile-Link Healthcare Global Bhd Receivables Turnover Related Terms

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Smile-Link Healthcare Global Bhd (XKLS:03023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Smile-Link Healthcare Global Bhd (XKLS:03023) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot PT 7221, Jalan Merah Caga, Taman Sri Endah, Bandar Baru Sri Petaling, Kuala Lumpur, MYS, 57000

Website

https://www.smile-link.com/

Smile-Link Healthcare Global Bhd is engaged in providing dental healthcare services in Malaysia.

Smile-Link Healthcare Global Bhd (XKLS:03023) Headlines

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