Zantat Holdings Bhd (XKLS:0301) Receivables Turnover : 1.36 (As of Mar. 2024)

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What is Zantat Holdings 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. Zantat Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM28.76 Mil. Zantat Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM21.15 Mil. Hence, Zantat Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.36.

Zantat Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Zantat Holdings 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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Zantat Holdings Bhd Receivables Turnover Chart

Zantat Holdings Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

5.92

5.96

5.23

Zantat Holdings Bhd Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	-	1.41	-	1.36

Competitive Comparison of Zantat Holdings Bhd's Receivables Turnover

For the Chemicals subindustry, Zantat Holdings 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.

Zantat Holdings Bhd's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zantat Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Zantat Holdings Bhd Receivables Turnover Calculation

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

Zantat Holdings 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 )
=	113.023	/ (	(21.999	+	21.25)	/	2 )
=	113.023	/	21.6245
=	5.23

Zantat Holdings 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 )
=	28.757	/ (	(22.593	+	19.711)	/	2 )
=	28.757	/	21.152
=	1.36

Zantat Holdings Bhd (XKLS:0301) 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.

Zantat Holdings Bhd Receivables Turnover Related Terms

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Zantat Holdings Bhd (XKLS:0301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zantat Holdings Bhd (XKLS:0301) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

PT 24571 & PT 21289 (Lot 35978), Kaw. Industri Batu Kapur Keramat Pulai, Kampung Kepayang, PRK, MYS, 31300

Website

http://www.zantat.com.my

Zantat Holdings Bhd is a is investment holding company. Through its subsidiaries, the group is principally involved in the production of calcium carbonate namely GCC and CC dispersions. It is also involved in the production of kaolin dispersion, processing of ultrafine PCC powder, trading of other industrial minerals and sales of limestone quarry products also operate our own limestone quarry mainly for internal use of limestone.

Zantat Holdings Bhd (XKLS:0301) Headlines

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