Keck Seng (Malaysia) Bhd (XKLS:3476) Receivables Turnover : 3.37 (As of Dec. 2023)

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What is Keck Seng (Malaysia) 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. Keck Seng (Malaysia) Bhd's Revenue for the three months ended in Dec. 2023 was RM345 Mil. Keck Seng (Malaysia) Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM102 Mil. Hence, Keck Seng (Malaysia) Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 3.37.

Keck Seng (Malaysia) Bhd Receivables Turnover Historical Data

The historical data trend for Keck Seng (Malaysia) 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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Keck Seng (Malaysia) Bhd Receivables Turnover Chart

Keck Seng (Malaysia) Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

19.23

13.23

17.10

27.29

17.36

Keck Seng (Malaysia) Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.76	4.72	4.26	3.47	3.37

Competitive Comparison of Keck Seng (Malaysia) Bhd's Receivables Turnover

For the Farm Products subindustry, Keck Seng (Malaysia) 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.

Keck Seng (Malaysia) Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Keck Seng (Malaysia) Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Keck Seng (Malaysia) Bhd's Receivables Turnover falls into.

Keck Seng (Malaysia) Bhd Receivables Turnover Calculation

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

Keck Seng (Malaysia) 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 )
=	1370.632	/ (	(60.306	+	97.577)	/	2 )
=	1370.632	/	78.9415
=	17.36

Keck Seng (Malaysia) 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	344.572	/ (	(106.622	+	97.577)	/	2 )
=	344.572	/	102.0995
=	3.37

Keck Seng (Malaysia) Bhd (XKLS:3476) 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.

Keck Seng (Malaysia) Bhd Receivables Turnover Related Terms

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Keck Seng (Malaysia) Bhd (XKLS:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Keck Seng (Malaysia) Bhd (XKLS:3476) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

13th Floor, City Plaza, Suite 1301, Johor Bahru, JHR, MYS, 80300

Website

https://www.my.keckseng.com

Keck Seng (Malaysia) Bhd is a Malaysia based company engaged in the business of palm oil cultivation and manufacturing. In addition, it is also involved in the business activities of property development and investment, and hotels and resorts ownership. The operating segments of the company are Manufacturing, Hotels and resort, Property, and Plantations. It generates the majority of the revenue from the Manufacturing segment which relates to the processing and marketing of refined palm oil products. The group's operations are carried out principally in Malaysia, Singapore, Hong Kong, Canada, and the United States of America of which key revenue is derived from Malaysia.

Keck Seng (Malaysia) Bhd (XKLS:3476) Headlines

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