Adventa Bhd (XKLS:7191) Receivables Turnover : 1.27 (As of Mar. 2024)

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What is Adventa 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. Adventa Bhd's Revenue for the three months ended in Mar. 2024 was RM13.50 Mil. Adventa Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM10.64 Mil. Hence, Adventa Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.27.

Adventa Bhd Receivables Turnover Historical Data

The historical data trend for Adventa 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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Adventa Bhd Receivables Turnover Chart

Adventa Bhd Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.13

3.62

3.70

2.09

2.53

Adventa 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															0.60	0.28	0.36	0.56	1.27

Competitive Comparison of Adventa Bhd's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Adventa 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.

Adventa Bhd's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Adventa Bhd's Receivables Turnover distribution charts can be found below:

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

Adventa Bhd Receivables Turnover Calculation

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

Adventa 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 )
=	37.299	/ (	(20.787	+	8.648)	/	2 )
=	37.299	/	14.7175
=	2.53

Adventa 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 )
=	13.503	/ (	(8.648	+	12.622)	/	2 )
=	13.503	/	10.635
=	1.27

Adventa Bhd (XKLS:7191) 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.

Adventa Bhd Receivables Turnover Related Terms

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Adventa Bhd (XKLS:7191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Adventa Bhd (XKLS:7191) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 21, Jalan Tandang 51/205A, Seksyen 51, Petaling Jaya, SGR, MYS, 46050

Website

https://www.adventa.com.my

Adventa Bhd is engaged in the business of medical services and related supplies manufacturing. The company's segments include Healthcare Business, Warehousing provider, and Corporate. It generates maximum revenue from the Healthcare Business segment. The healthcare business segment comprises the supply of healthcare and related products and services to hospitals, healthcare centres, and pharmacies. Previously, it also included the renal dialysis business which are both for home and centre-based treatments, serving both the domestic and export markets. Geographically, it derives a majority of revenue from Malaysia.

Adventa Bhd (XKLS:7191) Headlines

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