XOX Technology Bhd (XKLS:0017) Receivables Turnover : 0.69 (As of Dec. 2023)

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What is XOX Technology 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. XOX Technology Bhd's Revenue for the three months ended in Dec. 2023 was RM46.5 Mil. XOX Technology Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM67.2 Mil. Hence, XOX Technology Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 0.69.

XOX Technology Bhd Receivables Turnover Historical Data

The historical data trend for XOX Technology 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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XOX Technology Bhd Receivables Turnover Chart

XOX Technology Bhd Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Dec19

Mar21

Mar22

Mar23

Receivables Turnover

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1.57

1.93

3.18

3.35

XOX Technology Bhd Quarterly Data
	Mar18	Sep18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.87	0.67	0.82	0.71	0.69

Competitive Comparison of XOX Technology Bhd's Receivables Turnover

For the Telecom Services subindustry, XOX Technology 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.

XOX Technology Bhd's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, XOX Technology Bhd's Receivables Turnover distribution charts can be found below:

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

XOX Technology Bhd Receivables Turnover Calculation

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

XOX Technology Bhd's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	87.607	/ (	(21.788	+	30.482)	/	2 )
=	87.607	/	26.135
=	3.35

XOX Technology Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	46.451	/ (	(71.544	+	62.799)	/	2 )
=	46.451	/	67.1715
=	0.69

XOX Technology Bhd (XKLS:0017) 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.

XOX Technology Bhd Receivables Turnover Related Terms

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XOX Technology Bhd (XKLS:0017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » XOX Technology Bhd (XKLS:0017) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Lot 17.1, 17th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf and Country Resort, Petaling Jaya, SGR, MYS, 47410

Website

https://www.m3tech.com.my

XOX Technology Bhd, formerly M3 Technologies (Asia) Bhd is engaged in the provision of mobile value-added services. Business activity of the firm is operated through the region of Malaysia, Pakistan, United Arab Emirates - Dubai, and Other Countries of which Pakistan region accounts for a larger share of the revenue. The business activities function through Mobile Solutions; Cloud Services Solutions and Trading and Distribution business. It offers a range of mobile solutions and platforms, such as multimedia products, wireless access protocol (WAP) and Java 2 Micro Edition (J2ME) applications catering to all channels of its business, such as Business to Consumer, Business to Business and Business to Owner.

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