HPMT Holdings Bhd (XKLS:5291) Receivables Turnover : 1.28 (As of Dec. 2023)

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What is HPMT 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. HPMT Holdings Bhd's Revenue for the three months ended in Dec. 2023 was RM21.53 Mil. HPMT Holdings Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM16.75 Mil. Hence, HPMT Holdings Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.28.

HPMT Holdings Bhd Receivables Turnover Historical Data

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

HPMT Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.27

5.23

5.99

5.57

5.82

HPMT Holdings 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															1.16	1.20	1.10	1.19	1.28

Competitive Comparison of HPMT Holdings Bhd's Receivables Turnover

For the Tools & Accessories subindustry, HPMT 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.

HPMT Holdings Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, HPMT Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

HPMT Holdings Bhd Receivables Turnover Calculation

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

HPMT 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 )
=	89.538	/ (	(14.889	+	15.904)	/	2 )
=	89.538	/	15.3965
=	5.82

HPMT Holdings 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 )
=	21.525	/ (	(17.603	+	15.904)	/	2 )
=	21.525	/	16.7535
=	1.28

HPMT Holdings Bhd (XKLS:5291) 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.

HPMT Holdings Bhd Receivables Turnover Related Terms

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HPMT Holdings Bhd (XKLS:5291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HPMT Holdings Bhd (XKLS:5291) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 5, Jalan Sungai Kayu Ara 32/39, Taman Berjaya, Seksyen 32, Shah Alam, SGR, MYS, 40460

Website

https://www.hpmt-industries.com

HPMT Holdings Bhd is an investment holding company. The Group reports the following segments: manufacturing, trading and coating. Manufacturing segment includes manufacturing and distribution of cutting tools. Trading segment includes Trading of cutting tools, supporting equipment and accessories for metalworking. Coating segment includes Provision of PVD coating services. The majority of revenue is from manufacturing segment. Geographically, it operates in Malaysia, Europe, Asia (excluding Malaysia) and Others, out of which the majority is from the Europe.

HPMT Holdings Bhd (XKLS:5291) Headlines

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