Lotte Chemical Titan Holdings Bhd (XKLS:5284) Receivables Turnover : 3.22 (As of Mar. 2024)

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What is Lotte Chemical Titan 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. Lotte Chemical Titan Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM1,918 Mil. Lotte Chemical Titan Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM596 Mil. Hence, Lotte Chemical Titan Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 3.22.

Lotte Chemical Titan Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Lotte Chemical Titan 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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Lotte Chemical Titan Holdings Bhd Receivables Turnover Chart

Lotte Chemical Titan Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.61

10.41

13.03

13.64

12.98

Lotte Chemical Titan 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															3.02	2.74	3.00	2.98	3.22

Competitive Comparison of Lotte Chemical Titan Holdings Bhd's Receivables Turnover

For the Chemicals subindustry, Lotte Chemical Titan 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.

Lotte Chemical Titan Holdings Bhd's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lotte Chemical Titan Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Lotte Chemical Titan Holdings Bhd Receivables Turnover Calculation

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

Lotte Chemical Titan 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 )
=	7646.17	/ (	(594.729	+	583.063)	/	2 )
=	7646.17	/	588.896
=	12.98

Lotte Chemical Titan 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 )
=	1917.665	/ (	(583.063	+	608.202)	/	2 )
=	1917.665	/	595.6325
=	3.22

Lotte Chemical Titan Holdings Bhd (XKLS:5284) 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.

Lotte Chemical Titan Holdings Bhd Receivables Turnover Related Terms

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Lotte Chemical Titan Holdings Bhd (XKLS:5284) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lotte Chemical Titan Holdings Bhd (XKLS:5284) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 312, Jalan Tembaga 4, Pasir Gudang Industrial Estate, Pasir Gudang, JHR, MYS, 81700

Website

https://www.lottechem.my

Lotte Chemical Titan Holdings Bhd is a petrochemical producer. Its products include polyolefins, comprising polyethylene and polypropylene and olefins comprising ethylene and propylene and other derivatives such as butadiene, TBA(Tertiary Butyl Alcohol), benzene, and toluene. The company's reportable segments are Olefins and derivative products and Polyolefin products. Geographically the company operates in Malaysia, Indonesia, China (including Hong Kong), Southeast Asia, Northeast Asia, the Indian Sub-Continent, and Others.

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