Steel Hawk Bhd (XKLS:03049) Receivables Turnover : 11.86 (As of Dec. 2023)

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What is Steel Hawk 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. Steel Hawk Bhd's Revenue for the six months ended in Dec. 2023 was RM40.36 Mil. Steel Hawk Bhd's average Accounts Receivable for the six months ended in Dec. 2023 was RM3.40 Mil. Hence, Steel Hawk Bhd's Receivables Turnover for the six months ended in Dec. 2023 was 11.86.

Steel Hawk Bhd Receivables Turnover Historical Data

The historical data trend for Steel Hawk 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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Steel Hawk Bhd Receivables Turnover Chart

Steel Hawk Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

31.22

33.70

61.57

12.41

10.44

Steel Hawk Bhd Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				9.56	13.21	5.86	4.69	11.86

Competitive Comparison of Steel Hawk Bhd's Receivables Turnover

For the Oil & Gas Midstream subindustry, Steel Hawk 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.

Steel Hawk Bhd's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Steel Hawk Bhd's Receivables Turnover distribution charts can be found below:

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

Steel Hawk Bhd Receivables Turnover Calculation

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

Steel Hawk 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 )
=	72.537	/ (	(10.404	+	3.488)	/	2 )
=	72.537	/	6.946
=	10.44

Steel Hawk 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. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	40.362	/ (	(3.319	+	3.488)	/	2 )
=	40.362	/	3.4035
=	11.86

Steel Hawk Bhd (XKLS:03049) 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.

Steel Hawk Bhd Receivables Turnover Related Terms

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Steel Hawk Bhd (XKLS:03049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Steel Hawk Bhd (XKLS:03049) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dataran Prima, Jalan PJU 1/37, 23-2 & 25-2, Block H, Petaling Jaya, SGR, MYS, 47301

Website

https://www.steelhawk.com.my

Steel Hawk Bhd is engaged in providing technical and engineering support services in the Oil and Gas Industry in Malaysia. It specializes in engineering, scheduled/work pack development, procurement, structural/piping fabrication, electrical/instrumentation installation, pre-commissioning and commissioning and various pipeline maintenance activities.

Steel Hawk Bhd (XKLS:03049) Headlines

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