Poh Huat Resources Holdings Bhd (XKLS:7088) Receivables Turnover : 3.61 (As of Jan. 2024)

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What is Poh Huat Resources 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. Poh Huat Resources Holdings Bhd's Revenue for the three months ended in Jan. 2024 was RM131.1 Mil. Poh Huat Resources Holdings Bhd's average Accounts Receivable for the three months ended in Jan. 2024 was RM36.4 Mil. Hence, Poh Huat Resources Holdings Bhd's Receivables Turnover for the three months ended in Jan. 2024 was 3.61.

Poh Huat Resources Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Poh Huat Resources 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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Poh Huat Resources Holdings Bhd Receivables Turnover Chart

Poh Huat Resources Holdings Bhd Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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14.31

13.62

16.05

21.92

11.96

Poh Huat Resources 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															2.41	2.07	2.91	3.28	3.61

Competitive Comparison of Poh Huat Resources Holdings Bhd's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Poh Huat Resources 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.

Poh Huat Resources Holdings Bhd's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Poh Huat Resources Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Poh Huat Resources Holdings Bhd Receivables Turnover Calculation

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

Poh Huat Resources Holdings Bhd's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	428.111	/ (	(43.852	+	27.763)	/	2 )
=	428.111	/	35.8075
=	11.96

Poh Huat Resources 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 )
=	131.14	/ (	(27.763	+	44.979)	/	2 )
=	131.14	/	36.371
=	3.61

Poh Huat Resources Holdings Bhd (XKLS:7088) 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.

Poh Huat Resources Holdings Bhd Receivables Turnover Related Terms

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Poh Huat Resources Holdings Bhd (XKLS:7088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Poh Huat Resources Holdings Bhd (XKLS:7088) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 1, Jalan Raja, Kawasan Perindustrial Bukit Pasir, Mukim Sungai Raya, Bukit Pasir, Muar, JHR, MYS, 84300

Website

http://www.pohhuat.com

Poh Huat Resources Holdings Bhd is a Malaysia-based investment holding company. The company is engaged in the manufacturing of furniture. It manufactures two types of furniture: office furniture and home furniture. The company under Home furniture segment acts as an original equipment manufacturer for furniture importers/distributors in North America. The office furniture segment comprises mainly the panel-based office suites of various ranges which are manufactured from laminated particle boards and metal parts. The company has a geographical presence in Vietnam and Malaysia.

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