P.A. Resources Bhd (XKLS:7225) Receivables Turnover : 1.44 (As of Mar. 2024)

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What is P.A. Resources 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. P.A. Resources Bhd's Revenue for the three months ended in Mar. 2024 was RM137.8 Mil. P.A. Resources Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM95.7 Mil. Hence, P.A. Resources Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.44.

P.A. Resources Bhd Receivables Turnover Historical Data

The historical data trend for P.A. Resources 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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P.A. Resources Bhd Receivables Turnover Chart

P.A. Resources Bhd Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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5.28

5.66

8.08

7.07

5.12

P.A. Resources Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.05	1.29	1.17	1.30	1.44

Competitive Comparison of P.A. Resources Bhd's Receivables Turnover

For the Metal Fabrication subindustry, P.A. Resources 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.

P.A. Resources Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, P.A. Resources Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where P.A. Resources Bhd's Receivables Turnover falls into.

P.A. Resources Bhd Receivables Turnover Calculation

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

P.A. Resources 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 )
=	461.507	/ (	(86.084	+	94.265)	/	2 )
=	461.507	/	90.1745
=	5.12

P.A. Resources Bhd's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	137.77	/ (	(105.501	+	85.966)	/	2 )
=	137.77	/	95.7335
=	1.44

P.A. Resources Bhd (XKLS:7225) 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.

P.A. Resources Bhd Receivables Turnover Related Terms

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P.A. Resources Bhd (XKLS:7225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » P.A. Resources Bhd (XKLS:7225) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Kuala Selangor, Lot 424 and 440, Kampung Batu 8, Ijok, Kuala Selangor, SGR, MYS, 45620

Website

http://www.pagroup.com.my

P.A. Resources Bhd is an aluminium extruder company that produces semi-finished aluminium products which are into aluminium smelting, producing aluminium billets. The company's operating segment includes aluminium extrusion and fabrication; aluminium billet casting and tolling; Money lending and others. It generates maximum revenue from the aluminium extrusion and fabrication segment. The company's product is used in the electrical and electronics, furniture, and consumer durables industries. Geographically, it derives a majority of its revenue from the United States of America.

P.A. Resources Bhd (XKLS:7225) Headlines

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