AbleGroup Bhd (XKLS:7086) Receivables Turnover : 1.31 (As of Dec. 2023)

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What is AbleGroup 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. AbleGroup Bhd's Revenue for the three months ended in Dec. 2023 was RM1.29 Mil. AbleGroup Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM0.99 Mil. Hence, AbleGroup Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.31.

AbleGroup Bhd Receivables Turnover Historical Data

The historical data trend for AbleGroup 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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AbleGroup Bhd Receivables Turnover Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.63

2.48

2.59

4.37

5.68

AbleGroup 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															1.06	1.19	0.99	1.07	1.31

Competitive Comparison of AbleGroup Bhd's Receivables Turnover

For the Building Products & Equipment subindustry, AbleGroup 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.

AbleGroup Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, AbleGroup Bhd's Receivables Turnover distribution charts can be found below:

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

AbleGroup Bhd Receivables Turnover Calculation

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

AbleGroup 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 )
=	5.492	/ (	(1.041	+	0.893)	/	2 )
=	5.492	/	0.967
=	5.68

AbleGroup 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 )
=	1.291	/ (	(1.084	+	0.893)	/	2 )
=	1.291	/	0.9885
=	1.31

AbleGroup Bhd (XKLS:7086) 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.

AbleGroup Bhd Receivables Turnover Related Terms

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AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

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