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Key Asic Bhd (XKLS:0143) Receivables Turnover : 1.16 (As of Feb. 2024)


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What is Key Asic 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. Key Asic Bhd's Revenue for the three months ended in Feb. 2024 was RM5.28 Mil. Key Asic Bhd's average Accounts Receivable for the three months ended in Feb. 2024 was RM4.54 Mil. Hence, Key Asic Bhd's Receivables Turnover for the three months ended in Feb. 2024 was 1.16.


Key Asic Bhd Receivables Turnover Historical Data

The historical data trend for Key Asic 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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Key Asic Bhd Receivables Turnover Chart

Key Asic Bhd Annual Data
Trend Dec12 Dec13 Dec14 Dec15 May18 May19 May20 May21 May22 May23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.22 1.75 11.58 14.80 9.02

Key Asic Bhd Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.65 0.97 1.69 2.98 1.16

Competitive Comparison of Key Asic Bhd's Receivables Turnover

For the Semiconductors subindustry, Key Asic 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.


Key Asic Bhd's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Key Asic Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Key Asic Bhd's Receivables Turnover falls into.



Key Asic Bhd Receivables Turnover Calculation

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

Key Asic Bhd's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

Receivables Turnover (A: May. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2023 ) / ((Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count )
=20.816 / ((1.058 + 3.557) / 2 )
=20.816 / 2.3075
=9.02

Key Asic Bhd's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=5.28 / ((3.305 + 5.779) / 2 )
=5.28 / 4.542
=1.16

* 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.


Key Asic Bhd  (XKLS:0143) 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.


Key Asic Bhd Receivables Turnover Related Terms

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Key Asic Bhd (XKLS:0143) Business Description

Traded in Other Exchanges
N/A
Address
8, First Avenue, 6th Floor, Unit 3, Bandar Utama, Petaling Jaya, SGR, MYS, 47800
Key Asic Bhd engages in turnkey application-specific integrated circuit design services for consumer, wireless, and personal electronics applications. It also provides data processing, data management, disk-based backup solutions, telecommunications, office automation, network infrastructure, and intelligent storage networking support. It operates through the Non-Recurring Engineering Services and Recurring Engineering Services business segments.

Key Asic Bhd (XKLS:0143) Headlines

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