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PLS Plantations Bhd (XKLS:9695) Receivables Turnover : 0.44 (As of Mar. 2024)


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What is PLS Plantations 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. PLS Plantations Bhd's Revenue for the three months ended in Mar. 2024 was RM26.2 Mil. PLS Plantations Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM59.0 Mil. Hence, PLS Plantations Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 0.44.


PLS Plantations Bhd Receivables Turnover Historical Data

The historical data trend for PLS Plantations 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.

PLS Plantations Bhd Receivables Turnover Chart

PLS Plantations Bhd Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.42 11.70 10.89 9.10 2.92

PLS Plantations Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.42 0.41 0.57 0.50 0.44

Competitive Comparison of PLS Plantations Bhd's Receivables Turnover

For the Farm Products subindustry, PLS Plantations 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.


PLS Plantations Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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



PLS Plantations Bhd Receivables Turnover Calculation

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

PLS Plantations Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=118.28 / ((30.238 + 50.824) / 2 )
=118.28 / 40.531
=2.92

PLS Plantations 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 )
=26.249 / ((59.954 + 58.071) / 2 )
=26.249 / 59.0125
=0.44

* 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.


PLS Plantations Bhd  (XKLS:9695) 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.


PLS Plantations Bhd Receivables Turnover Related Terms

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PLS Plantations Bhd (XKLS:9695) Business Description

Traded in Other Exchanges
N/A
Address
Menara TSR, No. 12, Jalan PJU 7/3, Unit No. 9-01, Level 9, Mutiara Damansara, Petaling Jaya, SGR, MYS, 47810
PLS Plantations Bhd is an investment holding company. The company's operating segment includes Construction; Plantation; Investment holding, Trading and Others. It generates maximum revenue from the Plantation segment. Plantation segment is engaged in the management and operation of forest plantation, logging, saw milling, chipping and other downstream manufacturing and related activities as well as operation of oil palm plantation. Geographically, it operates only in Malaysia.

PLS Plantations Bhd (XKLS:9695) Headlines

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