Leform Bhd (XKLS:0266) Receivables Turnover : 0.69 (As of Mar. 2024)

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What is Leform 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. Leform Bhd's Revenue for the three months ended in Mar. 2024 was RM106.9 Mil. Leform Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM155.1 Mil. Hence, Leform Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 0.69.

Leform Bhd Receivables Turnover Historical Data

The historical data trend for Leform 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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Leform Bhd Receivables Turnover Chart

Leform Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.66

5.12

5.01

3.43

2.26

Leform Bhd Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								0.86	0.96	1.17	0.88	0.69

Competitive Comparison of Leform Bhd's Receivables Turnover

For the Steel subindustry, Leform 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.

Leform Bhd's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Leform Bhd's Receivables Turnover distribution charts can be found below:

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

Leform Bhd Receivables Turnover Calculation

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

Leform 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 )
=	370.016	/ (	(155.442	+	172.476)	/	2 )
=	370.016	/	163.959
=	2.26

Leform 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 )
=	106.902	/ (	(172.476	+	137.763)	/	2 )
=	106.902	/	155.1195
=	0.69

Leform Bhd (XKLS:0266) 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.

Leform Bhd Receivables Turnover Related Terms

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Leform Bhd (XKLS:0266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Leform Bhd (XKLS:0266) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

PT 16077 & PT16078, Jalan Kesidang 4, Kawasan Perindustrian Sungai Choh, Serendah, SGR, MYS, 48200

Website

https://www.leformgroup.com.my

Leform Bhd is involved in the manufacturing of and trading in steel products. The company's product portfolio includes Round Steel Pipe, Cold Rolled Pipe, Hollow Section Pipes, Cold Drawn Pipe, and Steel Plate Slit Coil. The Group's products are used in various end-user industries including furniture, construction as well as industrial product manufacturing industries (which includes automotive parts and telecommunication tower pole part manufacturing).

Leform Bhd (XKLS:0266) Headlines

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