FGV Holdings Bhd (XKLS:5222) Receivables Turnover : 3.43 (As of Mar. 2024)

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What is FGV Holdings 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. FGV Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM4,545 Mil. FGV Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM1,324 Mil. Hence, FGV Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 3.43.

FGV Holdings Bhd Receivables Turnover Historical Data

The historical data trend for FGV Holdings 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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FGV Holdings Bhd Receivables Turnover Chart

FGV Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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14.54

13.60

18.03

20.66

14.97

FGV Holdings Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.41	3.44	3.47	4.02	3.43

Competitive Comparison of FGV Holdings Bhd's Receivables Turnover

For the Farm Products subindustry, FGV Holdings 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.

FGV Holdings Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, FGV Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

FGV Holdings Bhd Receivables Turnover Calculation

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

FGV Holdings 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 )
=	19359.186	/ (	(1412.93	+	1172.727)	/	2 )
=	19359.186	/	1292.8285
=	14.97

FGV Holdings Bhd's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4544.572	/ (	(1172.727	+	1474.716)	/	2 )
=	4544.572	/	1323.7215
=	3.43

FGV Holdings Bhd (XKLS:5222) 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.

FGV Holdings Bhd Receivables Turnover Related Terms

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FGV Holdings Bhd (XKLS:5222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » FGV Holdings Bhd (XKLS:5222) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raja Laut, Level 21, Wisma FGV, Kuala Lumpur, SGR, MYS, 50350

Website

https://www.fgvholdings.com

FGV Holdings Bhd operates an agri-business conglomerate and specializes in oil palm plantations and refineries, rubber production, and sugar products. It has four operating segments; Plantation Sector includes cultivation, harvesting, and production of fresh fruit bunches (FFB) and processing of FFB into crude palm oil and palm kernel, refining of CPO, fractionation of refined bleached deodorized palm oil and Palm Olein, fertilizers processing, rubber processing and production, sale of planting materials and security, Sugar Sector includes refining, sales, and marketing of refined sugar and molasses, Logistics and Other sectors include Bulking and transportation facilities and services, engineering services, information technology, and travel, and Corporate HQ, Others, and Elimination.

FGV Holdings Bhd (XKLS:5222) Headlines

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