Southern Steel Bhd (XKLS:5665) Receivables Turnover : 3.56 (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is Southern Steel 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. Southern Steel Bhd's Revenue for the three months ended in Mar. 2024 was RM552 Mil. Southern Steel Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM155 Mil. Hence, Southern Steel Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 3.56.

Southern Steel Bhd Receivables Turnover Historical Data

The historical data trend for Southern Steel 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.

* Premium members only.

Southern Steel Bhd Receivables Turnover Chart

Southern Steel Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

15.02

13.84

25.87

24.43

16.67

Southern Steel 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															4.06	3.79	4.07	3.56	3.56

Competitive Comparison of Southern Steel Bhd's Receivables Turnover

For the Steel subindustry, Southern Steel 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.

Southern Steel Bhd's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Southern Steel Bhd's Receivables Turnover distribution charts can be found below:

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

Southern Steel Bhd Receivables Turnover Calculation

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

Southern Steel Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	2386.435	/ (	(152.37	+	133.882)	/	2 )
=	2386.435	/	143.126
=	16.67

Southern Steel 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 )
=	551.657	/ (	(155.897	+	153.877)	/	2 )
=	551.657	/	154.887
=	3.56

Southern Steel Bhd (XKLS:5665) 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.

Southern Steel Bhd Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Southern Steel Bhd's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Southern Steel Bhd (XKLS:5665) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Steel Bhd (XKLS:5665) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2435, Lorong Perusahaan 12, Prai Industrial Estate, Prai, PNG, MYS, 13600

Website

https://www.southsteel.com

Southern Steel Bhd is an investment holding company. The company's operating segment includes Steel products and Investment holding and others and Hot rolled coil operations. Its Steel products segment includes manufacturing, sale, and trading in billets, steel bars, wire rods, wire mesh, pre-stressed concrete strands, bars and wires, steel pipes, steel wires, and other related products. Geographically, the group has its business in the regions of Malaysia, Taiwan, Papua New Guinea , Philippines, Bangladesh, Japan, Singapore, Indonesia, the United States of America, Australian and others of which majority of the revenue is derived from the Malaysia region.

Southern Steel Bhd (XKLS:5665) Headlines

No Headlines