Perak Transit Bhd (XKLS:0186) Receivables Turnover : 1.45 (As of Mar. 2024)

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What is Perak Transit 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. Perak Transit Bhd's Revenue for the three months ended in Mar. 2024 was RM44.6 Mil. Perak Transit Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM30.7 Mil. Hence, Perak Transit Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.45.

Perak Transit Bhd Receivables Turnover Historical Data

The historical data trend for Perak Transit 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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Perak Transit Bhd Receivables Turnover Chart

Perak Transit Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.33

3.35

3.59

5.95

6.55

Perak Transit Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.52	1.25	1.54	1.47	1.45

Competitive Comparison of Perak Transit Bhd's Receivables Turnover

For the Railroads subindustry, Perak Transit 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.

Perak Transit Bhd's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Perak Transit Bhd's Receivables Turnover distribution charts can be found below:

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

Perak Transit Bhd Receivables Turnover Calculation

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

Perak Transit 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 )
=	173.165	/ (	(25.205	+	27.69)	/	2 )
=	173.165	/	26.4475
=	6.55

Perak Transit 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 )
=	44.613	/ (	(27.69	+	33.741)	/	2 )
=	44.613	/	30.7155
=	1.45

Perak Transit Bhd (XKLS:0186) 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.

Perak Transit Bhd Receivables Turnover Related Terms

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Perak Transit Bhd (XKLS:0186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Perak Transit Bhd (XKLS:0186) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sultan Idris Shah, E-6-2A, SOHO Ipoh 2, Ipoh, PRK, MYS, 30000

Website

https://www.peraktransit.com.my

Perak Transit Bhd provides public bus services. The company's operating segment includes the operation of IPTT (Integrated public transportation terminal); operation of buses; operation of petrol station; operation of mining management and others. It generates maximum revenue from the operation of the IPTT segment. The Integrated public transportation terminal operations segment is engaged in the rental of A&P spaces, shops and kiosks, project facilitation, and others such as profit sharing from terminal management, car park fee, and taxi entrance fee in Terminal Meru Raya and Kampar Putra Sentral.

Perak Transit Bhd (XKLS:0186) Headlines

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