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Apollo Food Holdings Bhd (XKLS:6432) Receivables Turnover : 1.94 (As of Jan. 2024)


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What is Apollo Food 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. Apollo Food Holdings Bhd's Revenue for the three months ended in Jan. 2024 was RM73.9 Mil. Apollo Food Holdings Bhd's average Accounts Receivable for the three months ended in Jan. 2024 was RM38.0 Mil. Hence, Apollo Food Holdings Bhd's Receivables Turnover for the three months ended in Jan. 2024 was 1.94.


Apollo Food Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Apollo Food 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.

* Premium members only.

Apollo Food Holdings Bhd Receivables Turnover Chart

Apollo Food Holdings Bhd Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.57 6.75 7.89 7.02 9.63

Apollo Food Holdings Bhd Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.01 1.95 2.21 2.04 1.94

Competitive Comparison of Apollo Food Holdings Bhd's Receivables Turnover

For the Confectioners subindustry, Apollo Food 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.


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

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

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



Apollo Food Holdings Bhd Receivables Turnover Calculation

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

Apollo Food Holdings Bhd's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Receivables Turnover (A: Apr. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Apr. 2023 ) / ((Accounts Receivable (A: Apr. 2022 ) + Accounts Receivable (A: Apr. 2023 )) / count )
=256.784 / ((28.394 + 24.927) / 2 )
=256.784 / 26.6605
=9.63

Apollo Food Holdings Bhd's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=73.854 / ((36.72 + 39.301) / 2 )
=73.854 / 38.0105
=1.94

* 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.


Apollo Food Holdings Bhd  (XKLS:6432) 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.


Apollo Food Holdings Bhd Receivables Turnover Related Terms

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Apollo Food Holdings Bhd (XKLS:6432) Business Description

Traded in Other Exchanges
N/A
Address
No. 70, Jalan Langkasuka, Larkin Industrial Area, Johor Bahru, JHR, MYS, 80350
Apollo Food Holdings Bhd is engaged in investment holding and provision of management services. It is involved in the manufacturing of compound chocolate confectionery products and layer cakes. The company's operating segment includes Investment holding and Manufacturing, marketing and distribution. It generates maximum revenue from the Manufacturing, marketing and distribution segment. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Asean and Others Countries.

Apollo Food Holdings Bhd (XKLS:6432) Headlines

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