MYMBN Bhd (XKLS:0280) Receivables Turnover : 23.38 (As of Dec. 2023)

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What is MYMBN 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. MYMBN Bhd's Revenue for the six months ended in Dec. 2023 was RM67.75 Mil. MYMBN Bhd's average Accounts Receivable for the six months ended in Dec. 2023 was RM2.90 Mil. Hence, MYMBN Bhd's Receivables Turnover for the six months ended in Dec. 2023 was 23.38.

MYMBN Bhd Receivables Turnover Historical Data

The historical data trend for MYMBN 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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MYMBN Bhd Receivables Turnover Chart

MYMBN Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

17.02

29.17

39.03

30.11

23.38

MYMBN Bhd Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	17.02	29.17	39.03	30.11	23.38

Competitive Comparison of MYMBN Bhd's Receivables Turnover

For the Packaged Foods subindustry, MYMBN 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.

MYMBN Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MYMBN Bhd's Receivables Turnover distribution charts can be found below:

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

MYMBN Bhd Receivables Turnover Calculation

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

MYMBN 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 )
=	67.745	/ (	(2.287	+	3.509)	/	2 )
=	67.745	/	2.898
=	23.38

MYMBN Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	67.745	/ (	(2.287	+	3.509)	/	2 )
=	67.745	/	2.898
=	23.38

MYMBN Bhd (XKLS:0280) 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.

MYMBN Bhd Receivables Turnover Related Terms

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MYMBN Bhd (XKLS:0280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MYMBN Bhd (XKLS:0280) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Melaka Raya 26, Nos. 17, 19, 21, 23 and 25, Taman Melaka Raya, Melaka, MYS, 75000

Website

https://www.mymbn.com.my

MYMBN Bhd is an investment holding company of MBN Enterprise and MBN International. Through its Subsidiaries, it is principally engaged in the processing and sale of EBN, specifically the RUCEBN. EBNs are processed nests of swiftlets, which are made from strands of swiftlets' saliva.

MYMBN Bhd (XKLS:0280) Headlines

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