AirAsia X Bhd (XKLS:5238) Receivables Turnover : 25.52 (As of Mar. 2024)

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What is AirAsia X 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. AirAsia X Bhd's Revenue for the three months ended in Mar. 2024 was RM909 Mil. AirAsia X Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM36 Mil. Hence, AirAsia X Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 25.52.

AirAsia X Bhd Receivables Turnover Historical Data

The historical data trend for AirAsia X 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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AirAsia X Bhd Receivables Turnover Chart

AirAsia X Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec23

Receivables Turnover

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14.25

34.34

83.92

12.47

7.12

AirAsia X Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															9.35	9.32	15.84	21.34	25.52

Competitive Comparison of AirAsia X Bhd's Receivables Turnover

For the Airlines subindustry, AirAsia X 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.

AirAsia X Bhd's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, AirAsia X Bhd's Receivables Turnover distribution charts can be found below:

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

AirAsia X Bhd Receivables Turnover Calculation

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

AirAsia X 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. 2019 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2527.096	/ (	(671.902	+	37.544)	/	2 )
=	2527.096	/	354.723
=	7.12

AirAsia X 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 )
=	908.917	/ (	(37.544	+	33.699)	/	2 )
=	908.917	/	35.6215
=	25.52

AirAsia X Bhd (XKLS:5238) 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.

AirAsia X Bhd Receivables Turnover Related Terms

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AirAsia X Bhd (XKLS:5238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AirAsia X Bhd (XKLS:5238) » Definitions » Receivables Turnover

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Address

RedQ, Jalan Pekeliling 5, Lapangan Terbang Antarabangsa, KLIA, Kuala Lumpur, SGR, MYS, 64000

Website

http://www.airasiax.com

AirAsia X Bhd is a Malaysia-based long-haul airline company, engaged in providing long-haul air transportation services. It operates primarily in the Asia-Pacific region. The organization's reportable segments are classified as each company with an Air Operator Certificate held under the AirAsia brand, namely Malaysia, Thailand, and Indonesia. Thailand is the maximum revenue-generating segment for the company. It derives revenue through freight services, aircraft operating lease income, management fees, and through other ancillary activities. It also offers management logistical and marketing services and engine and aircraft leasing services.

AirAsia X Bhd (XKLS:5238) Headlines

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