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One Glove Group Bhd (XKLS:5079) Receivables Turnover : 1.13 (As of Dec. 2023)


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What is One Glove 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. One Glove Group Bhd's Revenue for the three months ended in Dec. 2023 was RM7.59 Mil. One Glove Group Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM6.72 Mil. Hence, One Glove Group Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.13.


One Glove Group Bhd Receivables Turnover Historical Data

The historical data trend for One Glove 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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One Glove Group Bhd Receivables Turnover Chart

One Glove Group Bhd Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Jun19
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.86 7.92 6.61 4.11 2.51

One Glove Group Bhd Quarterly Data
Sep17 Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Dec21 Mar22 Jun22 Dec22 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.36 1.00 1.18 1.13

Competitive Comparison of One Glove Group Bhd's Receivables Turnover

For the Medical Instruments & Supplies subindustry, One Glove 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.


One Glove Group Bhd's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, One Glove Group Bhd's Receivables Turnover distribution charts can be found below:

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



One Glove Group Bhd Receivables Turnover Calculation

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

One Glove Group Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2019 is calculated as

Receivables Turnover (A: Jun. 2019 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2019 ) / ((Accounts Receivable (A: Dec. 2016 ) + Accounts Receivable (A: Jun. 2019 )) / count )
=32.989 / ((13.601 + 12.661) / 2 )
=32.989 / 13.131
=2.51

One Glove 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 )
=7.589 / ((7.643 + 5.805) / 2 )
=7.589 / 6.724
=1.13

* 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.


One Glove Group Bhd  (XKLS:5079) 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.


One Glove Group Bhd Receivables Turnover Related Terms

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One Glove Group Bhd (XKLS:5079) Business Description

Traded in Other Exchanges
N/A
Address
Perindustrian Kamunting 3, Lot 73-86, Jalan Logam 5, Kamunting Raya Indutrial Estate, Kamunting, PRK, MYS, 34600
One Glove Group Bhd is a glove innovator and manufacturer. The company's segment includes Manufacturing, Investment holding, and Others. Its geographical market includes Japan, Germany, Malaysia, Singapore, the United States of America, India, and Others of which it generates the majority of its revenue from Singapore.

One Glove Group Bhd (XKLS:5079) Headlines

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