Econframe Bhd (XKLS:0227) Receivables Turnover : 0.68 (As of Nov. 2024)

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What is Econframe 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. Econframe Bhd's Revenue for the three months ended in Nov. 2024 was RM22.68 Mil. Econframe Bhd's average Accounts Receivable for the three months ended in Nov. 2024 was RM33.32 Mil. Hence, Econframe Bhd's Receivables Turnover for the three months ended in Nov. 2024 was 0.68.

Econframe Bhd Receivables Turnover Historical Data

The historical data trend for Econframe 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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Econframe Bhd Receivables Turnover Chart

Econframe Bhd Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Receivables Turnover

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2.91

3.20

3.58

3.27

3.66

Econframe Bhd Quarterly Data
	Aug19	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Receivables Turnover	Get a 7-Day Free Trial															0.96	0.90	0.76	0.73	0.68

Competitive Comparison of Econframe Bhd's Receivables Turnover

For the Building Products & Equipment subindustry, Econframe 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.

Econframe Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Econframe Bhd's Receivables Turnover distribution charts can be found below:

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

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Econframe Bhd Receivables Turnover Calculation

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

Econframe Bhd's Receivables Turnover for the fiscal year that ended in Aug. 2024 is calculated as

	Receivables Turnover (A: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2024 )	/ (	(Accounts Receivable (A: Aug. 2023 )	+	Accounts Receivable (A: Aug. 2024 ))	/	count )
=	103.54	/ (	(25.978	+	30.639)	/	2 )
=	103.54	/	28.3085
=	3.66

Econframe Bhd's Receivables Turnover for the quarter that ended in Nov. 2024 is calculated as

	Receivables Turnover (Q: Nov. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2024 )	/ (	(Accounts Receivable (Q: Aug. 2024 )	+	Accounts Receivable (Q: Nov. 2024 ))	/	count )
=	22.682	/ (	(30.639	+	36.004)	/	2 )
=	22.682	/	33.3215
=	0.68

Econframe Bhd (XKLS:0227) 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.

Econframe Bhd Receivables Turnover Related Terms

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Econframe Bhd Business Description

Industry

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Address

No. 1, Jalan 27A, Sungai Rasau Industrial Area, Kawasan 16, Kaw. Perindustrian Sungai Rasa, Klang, SGR, MYS, 41300

Website

https://www.econframe.com

Econframe Bhd is involved in the provision of total door system solutions, Electronics and electrical systems and accessories and Solar energy products and system. Business is organized into two operating segments; Manufacturing Segment which consists of manufacturing of doors, door and window frames doors; Trading Segment which consists of Trading of doors and ironmongery, trading and provision of installation services for solar energy products and systems; and Investment holding which consists of Investment holding and providing full corporate and financial support to the Group. Substantial revenue comes from the Manufacturing segment.

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