HHRG Bhd (XKLS:0175) Receivables Turnover : 1.45 (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is HHRG 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. HHRG Bhd's Revenue for the three months ended in Dec. 2023 was RM36.3 Mil. HHRG Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM25.0 Mil. Hence, HHRG Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.45.

HHRG Bhd Receivables Turnover Historical Data

The historical data trend for HHRG 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.

HHRG Bhd Receivables Turnover Chart

HHRG Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

4.12

4.41

4.85

8.89

13.07

HHRG Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.21	1.67	1.60	1.25	1.45

Competitive Comparison of HHRG Bhd's Receivables Turnover

For the Farm Products subindustry, HHRG 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.

HHRG Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, HHRG Bhd's Receivables Turnover distribution charts can be found below:

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

HHRG Bhd Receivables Turnover Calculation

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

HHRG Bhd's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	155.268	/ (	(13.779	+	9.977)	/	2 )
=	155.268	/	11.878
=	13.07

HHRG 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 )
=	36.271	/ (	(21.484	+	28.42)	/	2 )
=	36.271	/	24.952
=	1.45

HHRG Bhd (XKLS:0175) 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.

HHRG Bhd Receivables Turnover Related Terms

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

HHRG Bhd (XKLS:0175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HHRG Bhd (XKLS:0175) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot No. 2945 (Plot A2), Jalan Sungai Baong, Kawasan Perindustrian Perabut, Sungai Baong, Mukim 5, Sungai Bakap, Pulau Pinang, Seberang Perai Selatan, PNG, MYS, 14200

Website

https://www.henghuat.com.my

HHRG Bhd and its subsidiaries are in the business of manufacturing and trading biomass materials, mattresses, and other related products. The company has three segments: the Biomass materials and related products segment involved in the manufacturing and trading of coconut fiber and oil palm empty fruit bunch fiber and other products; the Furniture products which manufacture and trade mattresses and related products; and Investment holdings and others. The company earns maximum revenue from Biomass materials.

HHRG Bhd (XKLS:0175) Headlines

No Headlines