Efficient E-Solutions Bhd (XKLS:0064) Receivables Turnover : 1.34 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Efficient E-Solutions 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. Efficient E-Solutions Bhd's Revenue for the three months ended in Mar. 2024 was RM8.75 Mil. Efficient E-Solutions Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM6.52 Mil. Hence, Efficient E-Solutions Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

Efficient E-Solutions Bhd Receivables Turnover Historical Data

The historical data trend for Efficient E-Solutions 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.

Efficient E-Solutions Bhd Receivables Turnover Chart

Efficient E-Solutions Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.19

2.85

7.25

7.84

4.72

Efficient E-Solutions 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															1.69	1.30	0.84	0.85	1.34

Competitive Comparison of Efficient E-Solutions Bhd's Receivables Turnover

For the Specialty Business Services subindustry, Efficient E-Solutions 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.

Efficient E-Solutions Bhd's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Efficient E-Solutions Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Efficient E-Solutions Bhd's Receivables Turnover falls into.

Efficient E-Solutions Bhd Receivables Turnover Calculation

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

Efficient E-Solutions 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 )
=	20.01	/ (	(3.728	+	4.747)	/	2 )
=	20.01	/	4.2375
=	4.72

Efficient E-Solutions 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 )
=	8.749	/ (	(4.747	+	8.296)	/	2 )
=	8.749	/	6.5215
=	1.34

Efficient E-Solutions Bhd (XKLS:0064) 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.

Efficient E-Solutions Bhd Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Efficient E-Solutions Bhd's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Efficient E-Solutions Bhd (XKLS:0064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Efficient E-Solutions Bhd (XKLS:0064) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jalan Astaka U8/82, Taman Perindustrian Bukit Jelutong, Seksyen U8, Bukit Jelutong, Shah Alam, SGR, MYS, 40150

Website

https://www.efficient.com.my

Efficient E-Solutions Bhd is a business process outsourcing company that provides data and document management solutions primarily in Malaysia. It operates through segments which are Records Management, IT Services and others. The company offers imaging and data capture solutions that convert handwritten, typed, and printed Web forms into electronic forms for indexing and intelligent data capture purposes; archival and retrieval solutions, which offer multiple capture and document management systems for the processing and retrieval of digitalized documents. IT Services segment offers IT system integration, shared, and support, as well as other IT-related services.

Efficient E-Solutions Bhd (XKLS:0064) Headlines

No Headlines