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Fintec Global Bhd (XKLS:0150PA.PFD) Receivables Turnover : 5.67 (As of Dec. 2023)


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What is Fintec Global 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. Fintec Global Bhd's Revenue for the three months ended in Dec. 2023 was RM3.83 Mil. Fintec Global Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM0.68 Mil. Hence, Fintec Global Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 5.67.


Fintec Global Bhd Receivables Turnover Historical Data

The historical data trend for Fintec Global 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.

Fintec Global Bhd Receivables Turnover Chart

Fintec Global Bhd Annual Data
Trend Jan14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.37 5.92 20.60 1.33 1.84

Fintec Global Bhd Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.05 0.80 0.14 5.21 5.67

Competitive Comparison of Fintec Global Bhd's Receivables Turnover

For the Asset Management subindustry, Fintec Global 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.


Fintec Global Bhd's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fintec Global Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fintec Global Bhd's Receivables Turnover falls into.



Fintec Global Bhd Receivables Turnover Calculation

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

Fintec Global 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 )
=22.278 / ((23.902 + 0.274) / 2 )
=22.278 / 12.088
=1.84

Fintec Global Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=3.827 / ((0.711 + 0.64) / 2 )
=3.827 / 0.6755
=5.67

* 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.


Fintec Global Bhd  (XKLS:0150PA.PFD) 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.


Fintec Global Bhd Receivables Turnover Related Terms

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Fintec Global Bhd (XKLS:0150PA.PFD) Business Description

Traded in Other Exchanges
Address
No. 8, Persiaran Tropicana, Lot 13.1, Level 13, Menara Lien Hoe, Tropicana Golf & Country Resort, Petaling Jaya, MYS, 47410
Fintec Global Bhd is a technology incubation, investment holding company and manufacturing and sale of rubber gloves. The company's operating segment includes Strategic Investment; AgrilTech; Financial services; and Gloves. It generates maximum revenue from the Strategic investment segment. The company geographically covers Malaysia, Hong Kong and Unites States, out of which it derives maximum revenue from Malaysia.

Fintec Global Bhd (XKLS:0150PA.PFD) Headlines

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