Tomei Consolidated Bhd (XKLS:7230) Receivables Turnover : 6.37 (As of Mar. 2024)

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What is Tomei Consolidated 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. Tomei Consolidated Bhd's Revenue for the three months ended in Mar. 2024 was RM322.8 Mil. Tomei Consolidated Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM50.7 Mil. Hence, Tomei Consolidated Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 6.37.

Tomei Consolidated Bhd Receivables Turnover Historical Data

The historical data trend for Tomei Consolidated 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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Tomei Consolidated Bhd Receivables Turnover Chart

Tomei Consolidated Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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30.05

32.63

26.78

30.79

26.97

Tomei Consolidated 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															5.50	3.90	3.23	4.72	6.37

Competitive Comparison of Tomei Consolidated Bhd's Receivables Turnover

For the Luxury Goods subindustry, Tomei Consolidated 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.

Tomei Consolidated Bhd's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tomei Consolidated Bhd's Receivables Turnover distribution charts can be found below:

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

Tomei Consolidated Bhd Receivables Turnover Calculation

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

Tomei Consolidated 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 )
=	909.713	/ (	(30.676	+	36.792)	/	2 )
=	909.713	/	33.734
=	26.97

Tomei Consolidated 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 )
=	322.758	/ (	(36.792	+	64.617)	/	2 )
=	322.758	/	50.7045
=	6.37

Tomei Consolidated Bhd (XKLS:7230) 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.

Tomei Consolidated Bhd Receivables Turnover Related Terms

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Tomei Consolidated Bhd (XKLS:7230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tomei Consolidated Bhd (XKLS:7230) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan 2/131A, Jalan Kelang Lama, 8-1, Batu 6, Project Jaya Industrial Estate, Kuala Lumpur, MYS, 58200

Website

https://www.tomei.com.my

Tomei Consolidated Bhd is an integrated jewellery manufacturer and retailer of gold and jewellery. The company operates its business through two segments: Manufacturing and Wholesales; and Retail segment. Its wholesale segment serves various jewellery retailers in Malaysia and some of its products are exported to Singapore, Vietnam, Thailand, Indonesia, and European countries. The company operates some retail outlets under brands - Tomei, Goldheart, Le Lumiere and De Beers. Its retail segment contributes to the vast majority of total revenue.

Tomei Consolidated Bhd (XKLS:7230) Headlines

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