Melewar Industrial Group Bhd (XKLS:3778) Receivables Turnover : 2.40 (As of Dec. 2023)

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What is Melewar Industrial Group 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. Melewar Industrial Group Bhd's Revenue for the three months ended in Dec. 2023 was RM177.8 Mil. Melewar Industrial Group Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM74.2 Mil. Hence, Melewar Industrial Group Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 2.40.

Melewar Industrial Group Bhd Receivables Turnover Historical Data

The historical data trend for Melewar Industrial Group 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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Melewar Industrial Group Bhd Receivables Turnover Chart

Melewar Industrial Group Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.82

7.63

13.42

13.67

7.92

Melewar Industrial Group 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															2.39	2.13	2.44	2.39	2.40

Competitive Comparison of Melewar Industrial Group Bhd's Receivables Turnover

For the Steel subindustry, Melewar Industrial Group 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.

Melewar Industrial Group Bhd's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Melewar Industrial Group Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Melewar Industrial Group Bhd's Receivables Turnover falls into.

Melewar Industrial Group Bhd Receivables Turnover Calculation

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

Melewar Industrial Group Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	549.663	/ (	(71.096	+	67.656)	/	2 )
=	549.663	/	69.376
=	7.92

Melewar Industrial Group 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 )
=	177.785	/ (	(69.522	+	78.879)	/	2 )
=	177.785	/	74.2005
=	2.40

Melewar Industrial Group Bhd (XKLS:3778) 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.

Melewar Industrial Group Bhd Receivables Turnover Related Terms

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Melewar Industrial Group Bhd (XKLS:3778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Melewar Industrial Group Bhd (XKLS:3778) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 566 Jalan Ipoh, 15th Floor, Kuala Lumpur, SGR, MYS, 51200

Website

http://www.melewar-mig.com

Melewar Industrial Group Bhd operates in four segments. The Steel Tube segment is in the business of manufacturing and sales of steel pipes and tubes. The Cold Rolled Coil segment is in the business of manufacturing and sales of cold-rolled coils. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. Others comprise companies involved in the food, trade-retail business, modular construction, and metal scraps trading businesses. It generates maximum revenue from the Cold rolled coil segment. Geographically, the group operates in Malaysia.

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