Edelteq Holdings Bhd (XKLS:0278) Receivables Turnover : 1.42 (As of Mar. 2024)

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What is Edelteq 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. Edelteq Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM7.86 Mil. Edelteq Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM5.52 Mil. Hence, Edelteq Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.42.

Edelteq Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Edelteq 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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Edelteq Holdings Bhd Receivables Turnover Chart

Edelteq Holdings Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.08

3.59

3.84

3.38

4.30

Edelteq Holdings Bhd Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				1.36	0.80	0.77	0.77	1.42

Competitive Comparison of Edelteq Holdings Bhd's Receivables Turnover

For the Semiconductors subindustry, Edelteq 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.

Edelteq Holdings Bhd's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Edelteq Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Edelteq Holdings Bhd Receivables Turnover Calculation

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

Edelteq 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 )
=	24.409	/ (	(7.202	+	4.155)	/	2 )
=	24.409	/	5.6785
=	4.30

Edelteq Holdings 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 )
=	7.86	/ (	(4.155	+	6.893)	/	2 )
=	7.86	/	5.524
=	1.42

Edelteq Holdings Bhd (XKLS:0278) 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.

Edelteq Holdings Bhd Receivables Turnover Related Terms

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Edelteq Holdings Bhd (XKLS:0278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Edelteq Holdings Bhd (XKLS:0278) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lorong Impian Ria 4, No. 20, 1st Floor, Taman Impian Ria, Bukit Mertajam, PNG, MYS, 14000

Website

https://www.edelteq.com

Edelteq Holdings Bhd is an investment holding company and through our Subsidiaries, we are principally involved in the provision of engineering support for IC assembly and test processes in the semiconductor industry. The company is a leading semiconductor manufacturing solutions provider. It offers a wide range of products and services for semiconductor packaging, inspection, and testing processes. It operates in four reportable segments: design and assembly of IC burn-in boards and supply of PCBs; supply and refurbishment of IC assembly and test consumables; design, development, and assembly of ATE and factory automation; and trading of operating supplies, spare parts, and tools for IC assembly and testing.

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