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Aldrich Resources Bhd (XKLS:0079) Receivables Turnover : 0.29 (As of Mar. 2024)


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What is Aldrich Resources 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. Aldrich Resources Bhd's Revenue for the three months ended in Mar. 2024 was RM2.40 Mil. Aldrich Resources Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM8.20 Mil. Hence, Aldrich Resources Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 0.29.


Aldrich Resources Bhd Receivables Turnover Historical Data

The historical data trend for Aldrich Resources 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.

Aldrich Resources Bhd Receivables Turnover Chart

Aldrich Resources Bhd Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Jun19 Jun20 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.43 1.41 1.00 1.12 1.80

Aldrich Resources Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 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 0.57 0.52 0.39 0.33 0.29

Competitive Comparison of Aldrich Resources Bhd's Receivables Turnover

For the Information Technology Services subindustry, Aldrich Resources 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.


Aldrich Resources Bhd's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Aldrich Resources Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Aldrich Resources Bhd's Receivables Turnover falls into.



Aldrich Resources Bhd Receivables Turnover Calculation

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

Aldrich Resources 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 )
=11.585 / ((4.392 + 8.51) / 2 )
=11.585 / 6.451
=1.80

Aldrich Resources 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 )
=2.395 / ((8.51 + 7.881) / 2 )
=2.395 / 8.1955
=0.29

* 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.


Aldrich Resources Bhd  (XKLS:0079) 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.


Aldrich Resources Bhd Receivables Turnover Related Terms

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Aldrich Resources Bhd (XKLS:0079) Business Description

Traded in Other Exchanges
N/A
Address
No 1, Medan Syed Putra Utara, B-21-1, Level 21, Tower B, Northpoint Mid Valley CityKuala Lumpu, Kuala Lumpur, SGR, MYS, 59200
Aldrich Resources Bhd formerly Orion IXL Bhd is principally involved in the provision of computerized maintenance management systems. The company also provides other information technology services such as systems integration, support services, and training. The company carries out its operations in Malaysia and the United States of America. The majority of its revenue is derived from Malaysia.

Aldrich Resources Bhd (XKLS:0079) Headlines

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