Volcano Bhd (XKLS:0232) Receivables Turnover : 1.18 (As of Mar. 2024)

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What is Volcano 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. Volcano Bhd's Revenue for the three months ended in Mar. 2024 was RM17.17 Mil. Volcano Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM14.61 Mil. Hence, Volcano Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.

Volcano Bhd Receivables Turnover Historical Data

The historical data trend for Volcano 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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Volcano Bhd Receivables Turnover Chart

Volcano Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Receivables Turnover

5.34

5.51

4.57

Volcano Bhd Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									1.13	1.06	1.13	1.05	1.18

Competitive Comparison of Volcano Bhd's Receivables Turnover

For the Metal Fabrication subindustry, Volcano 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.

Volcano Bhd's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Volcano Bhd Receivables Turnover Calculation

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

Volcano Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Receivables Turnover (A: Dec. 2020 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2020 )	/ (	(Accounts Receivable (A: Dec. 2019 )	+	Accounts Receivable (A: Dec. 2020 ))	/	count )
=	52.527	/ (	(9.307	+	13.664)	/	2 )
=	52.527	/	11.4855
=	4.57

Volcano 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 )
=	17.169	/ (	(14.317	+	14.903)	/	2 )
=	17.169	/	14.61
=	1.18

Volcano Bhd (XKLS:0232) 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.

Volcano Bhd Receivables Turnover Related Terms

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Volcano Bhd (XKLS:0232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Volcano Bhd (XKLS:0232) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1411 Jalan Perusahaan Kawasan, Perusahaan Perai 1, Butterworth, Perai, PNG, MYS, 13600

Website

https://www.volcano.com.my

Volcano Bhd is a manufacturer of parts and components including metal and non-metal nameplates and plastic injection moulded parts. Geographically the company's manufacturing facilities is located in Malaysia and Thailand to serve multinational customers across various industries such as electrical and electronic, automotive, food, furniture, aerospace and label industries. The company operates in Malaysia, Singapore, Thailand, Indonesia, China, USA and other countries. It earns majority of its revenue from Thailand.

Volcano Bhd (XKLS:0232) Headlines

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