Evergreen Max Cash Capital Bhd (XKLS:0286) Receivables Turnover : 0.23 (As of Mar. 2024)

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What is Evergreen Max Cash 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. Evergreen Max Cash Capital Bhd's Revenue for the three months ended in Mar. 2024 was RM26.95 Mil. Evergreen Max Cash Capital Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM116.81 Mil. Hence, Evergreen Max Cash Capital Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 0.23.

Evergreen Max Cash Capital Bhd Receivables Turnover Historical Data

The historical data trend for Evergreen Max Cash 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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Evergreen Max Cash Capital Bhd Receivables Turnover Chart

Evergreen Max Cash Capital Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.06

5.91

8.05

6.57

5.54

Evergreen Max Cash Capital Bhd Quarterly Data
	Dec19	Dec20	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				2.17	2.73	0.13	0.23	0.23

Competitive Comparison of Evergreen Max Cash Capital Bhd's Receivables Turnover

For the Credit Services subindustry, Evergreen Max Cash 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.

Evergreen Max Cash Capital Bhd's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Evergreen Max Cash Capital Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Evergreen Max Cash Capital Bhd's Receivables Turnover falls into.

Evergreen Max Cash Capital Bhd Receivables Turnover Calculation

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

Evergreen Max Cash Capital Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	97.524	/ (	(9.926	+	25.293)	/	2 )
=	97.524	/	17.6095
=	5.54

Evergreen Max Cash Capital 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 )
=	26.954	/ (	(25.293	+	208.32)	/	2 )
=	26.954	/	116.8065
=	0.23

Evergreen Max Cash Capital Bhd (XKLS:0286) 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.

Evergreen Max Cash Capital Bhd Receivables Turnover Related Terms

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Evergreen Max Cash Capital Bhd (XKLS:0286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Evergreen Max Cash Capital Bhd (XKLS:0286) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Lima Off, Jalan Chan Sow Lin, Lot 11-10, Level 11, Wisma Trax, Wilayah Persekutuan, Kuala Lumpur, MYS, 55200

Website

https://www.emc.capital

Evergreen Max Cash Capital Bhd is an investment holding company that operates through its subsidiaries. The Group is principally involved in the provision of pawnbroking services. It is also involved in the business of retail and trading of gold and other products as well as provision of pawnbroking consultancy services and IT solutions to third-party pawnbrokers.

Evergreen Max Cash Capital Bhd (XKLS:0286) Headlines

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