Turiya Bhd (XKLS:4359) Receivables Turnover : 1.42 (As of Dec. 2023)

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What is Turiya 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. Turiya Bhd's Revenue for the three months ended in Dec. 2023 was RM7.24 Mil. Turiya Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM5.10 Mil. Hence, Turiya Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.42.

Turiya Bhd Receivables Turnover Historical Data

The historical data trend for Turiya 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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Turiya Bhd Receivables Turnover Chart

Turiya Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.61

6.60

5.99

4.75

4.87

Turiya 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															0.93	1.14	1.44	1.51	1.42

Competitive Comparison of Turiya Bhd's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Turiya 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.

Turiya Bhd's Receivables Turnover Distribution in the Semiconductors Industry

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

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

Turiya Bhd Receivables Turnover Calculation

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

Turiya Bhd's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	27.921	/ (	(6.914	+	4.548)	/	2 )
=	27.921	/	5.731
=	4.87

Turiya 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 )
=	7.244	/ (	(5.001	+	5.205)	/	2 )
=	7.244	/	5.103
=	1.42

Turiya Bhd (XKLS:4359) 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.

Turiya Bhd Receivables Turnover Related Terms

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Turiya Bhd (XKLS:4359) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Turiya Bhd (XKLS:4359) » Definitions » Receivables Turnover

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Address

Wisma Chase Perdana, 7th Floor, Suite 7.3, Damansara Heights, Changkat Semantan, Kuala Lumpur, SGR, MYS, 50490

Website

https://www.turiya.com.my

Turiya Bhd is a Malaysian-based company engaged in the business of letting properties and investment holding company. The company's operating segment includes Investment holding; Investment property; Semi-conductor. It generates maximum revenue from the Semi-conductor segment. The semi-conductor segment is engaged in the manufacturing of industrial machinery, and chemicals trading. The Investment property segment is engaged in the rental of office lots. Geographically, it derives a majority of revenue from Singapore.

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