Scope Industries Bhd (XKLS:0028) Receivables Turnover : 2.19 (As of Dec. 2024)

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What is Scope Industries 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. Scope Industries Bhd's Revenue for the three months ended in Dec. 2024 was RM9.76 Mil. Scope Industries Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM4.45 Mil. Hence, Scope Industries Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 2.19.

Scope Industries Bhd Receivables Turnover Historical Data

The historical data trend for Scope Industries 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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Scope Industries Bhd Receivables Turnover Chart

Scope Industries Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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9.23

4.56

4.18

3.70

5.65

Scope Industries Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.96	1.02	1.12	1.91	2.19

Competitive Comparison of Scope Industries Bhd's Receivables Turnover

For the Electronic Components subindustry, Scope Industries 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.

Scope Industries Bhd's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Scope Industries Bhd's Receivables Turnover distribution charts can be found below:

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

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Scope Industries Bhd Receivables Turnover Calculation

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

Scope Industries Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	157.828	/ (	(47.083	+	8.825)	/	2 )
=	157.828	/	27.954
=	5.65

Scope Industries Bhd's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	9.758	/ (	(5.043	+	3.852)	/	2 )
=	9.758	/	4.4475
=	2.19

Scope Industries Bhd (XKLS:0028) 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.

Scope Industries Bhd Receivables Turnover Related Terms

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Scope Industries Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scope Industries Bhd (XKLS:0028) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Lot 6181, Jalan Perusahaan 2, Kawasan Perindustrian Parit Buntar., Parit Buntar, PRK, MYS, 34200

Website

https://www.scope.com.my

Scope Industries Bhd operates as an investment holding company. The company is engaged in the manufacturing and assembling of electrical and electronic components and products as well as in the cultivation of oil palms. It operates through the following business segments: Manufacturing Division; Plantation Division and Trading Division. Its Manufacturing Division segment accounts for maximum of the firm's revenue. Geographically, it operates in Malaysia, Hong Kong, Europe, Singapore and Taiwan and derives majority of revenue from Hong Kong.

Scope Industries Bhd Headlines

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