Coraza Integrated Technology Bhd (XKLS:0240) Receivables Turnover : 1.27 (As of Mar. 2024)

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What is Coraza Integrated Technology 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. Coraza Integrated Technology Bhd's Revenue for the three months ended in Mar. 2024 was RM19.75 Mil. Coraza Integrated Technology Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM15.60 Mil. Hence, Coraza Integrated Technology Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.27.

Coraza Integrated Technology Bhd Receivables Turnover Historical Data

The historical data trend for Coraza Integrated Technology 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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Coraza Integrated Technology Bhd Receivables Turnover Chart

Coraza Integrated Technology Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.92

4.78

3.98

4.10

3.33

Coraza Integrated Technology Bhd Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											0.83	0.75	0.83	1.08	1.27

Competitive Comparison of Coraza Integrated Technology Bhd's Receivables Turnover

For the Metal Fabrication subindustry, Coraza Integrated Technology 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.

Coraza Integrated Technology Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Coraza Integrated Technology Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coraza Integrated Technology Bhd's Receivables Turnover falls into.

Coraza Integrated Technology Bhd Receivables Turnover Calculation

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

Coraza Integrated Technology 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 )
=	80.679	/ (	(34.993	+	13.443)	/	2 )
=	80.679	/	24.218
=	3.33

Coraza Integrated Technology 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 )
=	19.754	/ (	(13.443	+	17.766)	/	2 )
=	19.754	/	15.6045
=	1.27

Coraza Integrated Technology Bhd (XKLS:0240) 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.

Coraza Integrated Technology Bhd Receivables Turnover Related Terms

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Coraza Integrated Technology Bhd (XKLS:0240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Coraza Integrated Technology Bhd (XKLS:0240) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Kawasan Industri Bukit Panchor, Lot 2777, Lorong Industri 5, Pulau Pinang, Nibong Tebal, PNG, MYS, 14300

Website

https://www.corazaintech.com

Coraza Integrated Technology Bhd is principally involved in the fabrication of sheet metal and precision machined components, as well as the provision of related services, such as design and development and value-added sub-module assembly services. The company support customers in various industries including semiconductor, instrumentation, life science and medical devices, telecommunications, aerospace, and others.

Coraza Integrated Technology Bhd (XKLS:0240) Headlines

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