Supermax Bhd (XKLS:7106) Receivables Turnover : 3.34 (As of Dec. 2023)

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What is Supermax 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. Supermax Bhd's Revenue for the three months ended in Dec. 2023 was RM145.6 Mil. Supermax Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM43.6 Mil. Hence, Supermax Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 3.34.

Supermax Bhd Receivables Turnover Historical Data

The historical data trend for Supermax 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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Supermax Bhd Receivables Turnover Chart

Supermax Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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10.23

10.87

16.46

6.89

7.98

Supermax 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															1.68	2.75	4.35	3.83	3.34

Competitive Comparison of Supermax Bhd's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Supermax 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.

Supermax Bhd's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

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

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

Supermax Bhd Receivables Turnover Calculation

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

Supermax Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	821.092	/ (	(152.378	+	53.314)	/	2 )
=	821.092	/	102.846
=	7.98

Supermax 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 )
=	145.553	/ (	(39.564	+	47.539)	/	2 )
=	145.553	/	43.5515
=	3.34

Supermax Bhd (XKLS:7106) 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.

Supermax Bhd Receivables Turnover Related Terms

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Supermax Bhd (XKLS:7106) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Supermax Corp Bhd (XKLS:7106) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Lot 38, Putra Industrial Park, Bukit Rahman Putra, Petaling Jaya, SGR, MYS, 40160

Website

http://www.supermax.com.my

Supermax Corp Bhd is an investment holding company. The company is an international manufacturer, distributor, and marketer of high-quality medical gloves and contact lenses. It offers various types of latex gloves, which are exported to over 155 countries around the world. The company is organized into the following operating segments, Investment Holding, Manufacturing of Gloves, Trading of Gloves and Others. It has operational footprints across America, Europe and Asia. The company's largest end market by revenue is in North, Central and South America. The company generates maximum revenue from the Trading of Gloves segment.

Supermax Bhd (XKLS:7106) Headlines

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