SFP Tech Holdings Bhd (XKLS:0251) Receivables Turnover : 0.54 (As of Sep. 2024)

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What is SFP Tech Holdings 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. SFP Tech Holdings Bhd's Revenue for the three months ended in Sep. 2024 was RM47.1 Mil. SFP Tech Holdings Bhd's average Accounts Receivable for the three months ended in Sep. 2024 was RM87.4 Mil. Hence, SFP Tech Holdings Bhd's Receivables Turnover for the three months ended in Sep. 2024 was 0.54.

SFP Tech Holdings Bhd Receivables Turnover Historical Data

The historical data trend for SFP Tech Holdings 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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SFP Tech Holdings Bhd Receivables Turnover Chart

SFP Tech Holdings Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.28

3.62

4.51

4.71

2.90

SFP Tech Holdings Bhd Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial										0.57	0.22	0.56	0.66	0.54

Competitive Comparison of SFP Tech Holdings Bhd's Receivables Turnover

For the Specialty Industrial Machinery subindustry, SFP Tech Holdings 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.

SFP Tech Holdings Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, SFP Tech Holdings Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SFP Tech Holdings Bhd's Receivables Turnover falls into.

SFP Tech Holdings Bhd Receivables Turnover Calculation

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

SFP Tech Holdings 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 )
=	122.925	/ (	(24.395	+	60.328)	/	2 )
=	122.925	/	42.3615
=	2.90

SFP Tech Holdings Bhd's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	47.127	/ (	(79.009	+	95.716)	/	2 )
=	47.127	/	87.3625
=	0.54

SFP Tech Holdings Bhd (XKLS:0251) 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.

SFP Tech Holdings Bhd Receivables Turnover Related Terms

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SFP Tech Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SFP Tech Holdings Bhd (XKLS:0251) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Penang Science Park, MK13, Plot 322, Lorong Perindustrian Bukit Minyak 20, Kawasan Perindustrian, Bukit Minyak, Central Seberang Perai, Pulau Pinang, PNG, MYS, 14100

Website

https://www.sfptechholdings.com

SFP Tech Holdings Bhd is a Malayasia-based integrated one-stop automation equipment solution and engineering supporting service provider. company. It has two reportable segments which include Engineering Supporting Services, and Automation. Engineering Supporting Services include the provision of sheet metal fabrication, CNC machining, and mechanical assembly services. Automation includes the provision of automation equipment solutions and the trading of spare parts. The group's geographical segments include Malaysia, the United States, Singapore, and Others, from which it derives the majority of its revenue from Malaysia.

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