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Quality Concrete Holdings Bhd (XKLS:7544) Receivables Turnover : 0.45 (As of Oct. 2023)


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What is Quality Concrete 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. Quality Concrete Holdings Bhd's Revenue for the three months ended in Oct. 2023 was RM52.4 Mil. Quality Concrete Holdings Bhd's average Accounts Receivable for the three months ended in Oct. 2023 was RM115.4 Mil. Hence, Quality Concrete Holdings Bhd's Receivables Turnover for the three months ended in Oct. 2023 was 0.45.


Quality Concrete Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Quality Concrete 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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Quality Concrete Holdings Bhd Receivables Turnover Chart

Quality Concrete Holdings Bhd Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.83 4.55 4.77 6.97 8.00

Quality Concrete Holdings Bhd Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 0.63 0.68 0.53 0.40 0.45

Competitive Comparison of Quality Concrete Holdings Bhd's Receivables Turnover

For the Engineering & Construction subindustry, Quality Concrete 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.


Quality Concrete Holdings Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Quality Concrete Holdings Bhd's Receivables Turnover distribution charts can be found below:

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



Quality Concrete Holdings Bhd Receivables Turnover Calculation

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

Quality Concrete Holdings Bhd's Receivables Turnover for the fiscal year that ended in Jan. 2023 is calculated as

Receivables Turnover (A: Jan. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2023 ) / ((Accounts Receivable (A: Jan. 2022 ) + Accounts Receivable (A: Jan. 2023 )) / count )
=208.486 / ((26.746 + 25.383) / 2 )
=208.486 / 26.0645
=8.00

Quality Concrete Holdings Bhd's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

Receivables Turnover (Q: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2023 ) / ((Accounts Receivable (Q: Jul. 2023 ) + Accounts Receivable (Q: Oct. 2023 )) / count )
=52.422 / ((118.427 + 112.315) / 2 )
=52.422 / 115.371
=0.45

* 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.


Quality Concrete Holdings Bhd  (XKLS:7544) 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.


Quality Concrete Holdings Bhd Receivables Turnover Related Terms

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Quality Concrete Holdings Bhd (XKLS:7544) Business Description

Traded in Other Exchanges
N/A
Address
Jalan Tunku Abdul Rahman, Room 209, 2nd Floor, Wisma Bukit Mata Kuching, Kuching, SWK, MYS, 93100
Quality Concrete Holdings Bhd is engaged in the manufacturing of concrete. The company's segment includes Property development, construction and road maintenance, Manufacturing, Trading, Quarry operations, and Investment and management services. It generates maximum revenue from the Property development, construction and road maintenance segment.

Quality Concrete Holdings Bhd (XKLS:7544) Headlines

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