Advance Packaging Technology (M) Bhd (XKLS:9148) Receivables Turnover : 1.31 (As of Mar. 2024)

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What is Advance Packaging Technology (M) 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. Advance Packaging Technology (M) Bhd's Revenue for the three months ended in Mar. 2024 was RM8.46 Mil. Advance Packaging Technology (M) Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM6.47 Mil. Hence, Advance Packaging Technology (M) Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.31.

Advance Packaging Technology (M) Bhd Receivables Turnover Historical Data

The historical data trend for Advance Packaging Technology (M) 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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Advance Packaging Technology (M) Bhd Receivables Turnover Chart

Advance Packaging Technology (M) Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.05

4.41

4.45

4.73

4.96

Advance Packaging Technology (M) Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.83	0.97	1.02	1.32	1.31

Competitive Comparison of Advance Packaging Technology (M) Bhd's Receivables Turnover

For the Packaging & Containers subindustry, Advance Packaging Technology (M) 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.

Advance Packaging Technology (M) Bhd's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Advance Packaging Technology (M) Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Advance Packaging Technology (M) Bhd's Receivables Turnover falls into.

Advance Packaging Technology (M) Bhd Receivables Turnover Calculation

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

Advance Packaging Technology (M) 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 )
=	29.019	/ (	(5.211	+	6.497)	/	2 )
=	29.019	/	5.854
=	4.96

Advance Packaging Technology (M) 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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	8.458	/ (	(6.189	+	6.742)	/	2 )
=	8.458	/	6.4655
=	1.31

Advance Packaging Technology (M) Bhd (XKLS:9148) 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.

Advance Packaging Technology (M) Bhd Receivables Turnover Related Terms

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Advance Packaging Technology (M) Bhd (XKLS:9148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advance Packaging Technology (M) Bhd (XKLS:9148) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 2, Jalan P/2A, Kawasan MIEL, Bangi Industrial Estate, Bandar Baru Bangi, SGR, MYS, 43650

Website

https://www.advancedpack.com.my

Advance Packaging Technology (M) Bhd is principally engaged in the manufacturing and distribution of flexible packaging materials in Malaysia. The company produces flexible packaging materials catering to a wide cross-section of industries in both the local and overseas markets such as snack foods, Instant noodles, sweets and confectionery, liquid condiments, frozen foods, spices, beverages, medical/surgical products, pharmaceuticals, and others. Geographically, it generates the majority revenue from Malaysia and also has an operation in Mauritius, Hong Kong, and Brunei.

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