GPP Resources Bhd (XKLS:03029) Receivables Turnover : 3.23 (As of Dec. 2023)

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What is GPP Resources 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. GPP Resources Bhd's Revenue for the six months ended in Dec. 2023 was RM19.45 Mil. GPP Resources Bhd's average Accounts Receivable for the six months ended in Dec. 2023 was RM6.03 Mil. Hence, GPP Resources Bhd's Receivables Turnover for the six months ended in Dec. 2023 was 3.23.

GPP Resources Bhd Receivables Turnover Historical Data

The historical data trend for GPP Resources 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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GPP Resources Bhd Receivables Turnover Chart

GPP Resources Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Receivables Turnover

2.15

2.85

2.23

3.18

GPP Resources Bhd Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec23
Receivables Turnover	Get a 7-Day Free Trial						2.53	3.24	3.73	7.24	3.23

Competitive Comparison of GPP Resources Bhd's Receivables Turnover

For the Solar subindustry, GPP Resources 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.

GPP Resources Bhd's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GPP Resources Bhd's Receivables Turnover distribution charts can be found below:

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

GPP Resources Bhd Receivables Turnover Calculation

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

GPP Resources 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 )
=	40.424	/ (	(9.431	+	15.991)	/	2 )
=	40.424	/	12.711
=	3.18

GPP Resources 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: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	19.448	/ (	(5.977	+	6.076)	/	2 )
=	19.448	/	6.0265
=	3.23

GPP Resources Bhd (XKLS:03029) 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.

GPP Resources Bhd Receivables Turnover Related Terms

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GPP Resources Bhd (XKLS:03029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GPP Resources Bhd (XKLS:03029) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7, Jalan Sungai Tiram 1, Ulu Tira, JHR, MYS, 50480

Website

http://www.gppresources.com

GPP Resources Bhd is principally involved in businesses that are related to the use of biomass to produce renewable energy and OPT products. It derives maximum of the revenue from renewable energy. It has three operating segments; Palm oil; Renewable energy plants and energy related facilities; and Manufacturing and Trading. The company earns maximum revenue from Palm oil Segment.

GPP Resources Bhd (XKLS:03029) Headlines

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