Harvest Miracle Capital Bhd (XKLS:0060) Receivables Turnover : 0.49 (As of Dec. 2023)

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What is Harvest Miracle Capital 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. Harvest Miracle Capital Bhd's Revenue for the three months ended in Dec. 2023 was RM20.79 Mil. Harvest Miracle Capital Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM42.63 Mil. Hence, Harvest Miracle Capital Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 0.49.

Harvest Miracle Capital Bhd Receivables Turnover Historical Data

The historical data trend for Harvest Miracle Capital 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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Harvest Miracle Capital Bhd Receivables Turnover Chart

Harvest Miracle Capital Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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12.61

6.04

3.84

2.69

3.73

Harvest Miracle Capital 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															0.39	0.46	0.63	0.45	0.49

Competitive Comparison of Harvest Miracle Capital Bhd's Receivables Turnover

For the Information Technology Services subindustry, Harvest Miracle Capital 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.

Harvest Miracle Capital Bhd's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Harvest Miracle Capital Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harvest Miracle Capital Bhd's Receivables Turnover falls into.

Harvest Miracle Capital Bhd Receivables Turnover Calculation

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

Harvest Miracle Capital Bhd's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	132.85	/ (	(58.404	+	12.886)	/	2 )
=	132.85	/	35.645
=	3.73

Harvest Miracle Capital 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 )
=	20.787	/ (	(35.631	+	49.62)	/	2 )
=	20.787	/	42.6255
=	0.49

Harvest Miracle Capital Bhd (XKLS:0060) 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.

Harvest Miracle Capital Bhd Receivables Turnover Related Terms

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Harvest Miracle Capital Bhd (XKLS:0060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Miracle Capital Bhd (XKLS:0060) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

0060PA.PFD:Malaysia

Address

No 685, Jalan Damansara, TTDI, 9-3A, Oval Tower, Damansara, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.hmcap.my

Harvest Miracle Capital Bhd is an investment holding company. It operates in seven segments that are IT and ICT, Property Construction, Investment Properties, Property development, Plantation, Money lending business, and Investment holding. It generates the vast majority of its revenue from the IT and ICT segment that is engaged in trading in IT and ICT-related products and software development and support services and others. Its product categories include the Vacuum valve and Rupture Disk. Geographically, it operates only in Malaysia.

Harvest Miracle Capital Bhd (XKLS:0060) Headlines

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