TMC Life Sciences Bhd (XKLS:0101) Receivables Turnover : 1.46 (As of Mar. 2024)

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What is TMC Life Sciences 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. TMC Life Sciences Bhd's Revenue for the three months ended in Mar. 2024 was RM86.1 Mil. TMC Life Sciences Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM58.8 Mil. Hence, TMC Life Sciences Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.46.

TMC Life Sciences Bhd Receivables Turnover Historical Data

The historical data trend for TMC Life Sciences 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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TMC Life Sciences Bhd Receivables Turnover Chart

TMC Life Sciences Bhd Annual Data

Trend

May13

May14

May15

May16

Aug17

Aug18

Aug19

Jun21

Jun22

Jun23

Receivables Turnover

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6.32

7.23

9.58

12.95

9.93

TMC Life Sciences Bhd Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.42	1.65	1.85	1.56	1.46

Competitive Comparison of TMC Life Sciences Bhd's Receivables Turnover

For the Medical Care Facilities subindustry, TMC Life Sciences 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.

TMC Life Sciences Bhd's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, TMC Life Sciences Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TMC Life Sciences Bhd's Receivables Turnover falls into.

TMC Life Sciences Bhd Receivables Turnover Calculation

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

TMC Life Sciences 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 )
=	311.443	/ (	(24.289	+	38.414)	/	2 )
=	311.443	/	31.3515
=	9.93

TMC Life Sciences 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 )
=	86.073	/ (	(59.03	+	58.584)	/	2 )
=	86.073	/	58.807
=	1.46

TMC Life Sciences Bhd (XKLS:0101) 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.

TMC Life Sciences Bhd Receivables Turnover Related Terms

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TMC Life Sciences Bhd (XKLS:0101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » TMC Life Sciences Bhd (XKLS:0101) » Definitions » Receivables Turnover

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Address

No. 11, PJU 5, Jalan Teknologi, Level 11, Taman Sains, Kota Damansara, Petaling Jaya, SGR, MYS, 47810

Website

https://www.tmclife.com

TMC Life Sciences Bhd is an investment holding company operating a multi-disciplinary tertiary care center and fertility center in Malaysia. It operates Tropicana Medical Centre, Kota Damansara (TMCKD), a medical center located in Petaling Jaya. Its TMCKD provides healthcare services in various medical/surgical specialties and subspecialties, including anesthesiology, cancer, cardiology, colorectal, dermatology, ENT, fertility, gastroenterology, as well as offers internal medicines and respiratory medicines. Its fertility center provides a range of fertility treatments for couples. The company also operates a women's clinic; provides fertility consultancy, laboratory, and embryology services; and offers pharmacy services and products.

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