Ecoscience International Bhd (XKLS:0255) Receivables Turnover : 1.59 (As of Mar. 2024)

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What is Ecoscience International 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. Ecoscience International Bhd's Revenue for the three months ended in Mar. 2024 was RM45.5 Mil. Ecoscience International Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM28.5 Mil. Hence, Ecoscience International Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.59.

Ecoscience International Bhd Receivables Turnover Historical Data

The historical data trend for Ecoscience International 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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Ecoscience International Bhd Receivables Turnover Chart

Ecoscience International Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

8.13

5.85

7.09

5.35

6.00

Ecoscience International Bhd Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								1.68	0.86	1.14	0.93	1.59

Competitive Comparison of Ecoscience International Bhd's Receivables Turnover

For the Engineering & Construction subindustry, Ecoscience International 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.

Ecoscience International Bhd's Receivables Turnover Distribution in the Construction Industry

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

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

Ecoscience International Bhd Receivables Turnover Calculation

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

Ecoscience International 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 )
=	155.563	/ (	(22.694	+	29.183)	/	2 )
=	155.563	/	25.9385
=	6.00

Ecoscience International 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 )
=	45.471	/ (	(29.183	+	27.853)	/	2 )
=	45.471	/	28.518
=	1.59

Ecoscience International Bhd (XKLS:0255) 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.

Ecoscience International Bhd Receivables Turnover Related Terms

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Ecoscience International Bhd (XKLS:0255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ecoscience International Bhd (XKLS:0255) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Pasir Gudang Industrial Estate, PLO555, Jalan Keluli 8, Pasir Gudang, JHR, MYS, 81700

Website

https://www.ecosciencegroup.com

Ecoscience International Bhd is a one-stop solution provider for the construction of palm oil mills and supporting facilities, and fabrication of equipment. The core activities of the company is the construction of plants, which are mainly palm oil mills and facilities, supported by our in-house fabrication of equipment. Other complementary activities include supply of materials and equipment, spare parts and provision of maintenance services. The company's reportable segments are as follows which includes Construction of Plants and Facilities Segment, Fabrication of Equipment Segment, Supply of Material and Equipment, Others. The company generates majority of its revenue from Construction of Plants and Facilities Segment in Malaysia region itself.

Ecoscience International Bhd (XKLS:0255) Headlines

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