Minox International Group Bhd (XKLS:0288) Receivables Turnover : 6.07 (As of Dec. 2023)

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What is Minox International Group 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. Minox International Group Bhd's Revenue for the six months ended in Dec. 2023 was RM49.22 Mil. Minox International Group Bhd's average Accounts Receivable for the six months ended in Dec. 2023 was RM8.11 Mil. Hence, Minox International Group Bhd's Receivables Turnover for the six months ended in Dec. 2023 was 6.07.

Minox International Group Bhd Receivables Turnover Historical Data

The historical data trend for Minox International Group 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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Minox International Group Bhd Receivables Turnover Chart

Minox International Group Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.44

4.32

4.28

5.57

6.07

Minox International Group Bhd Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	4.44	4.32	4.28	5.57	6.07

Competitive Comparison of Minox International Group Bhd's Receivables Turnover

For the Steel subindustry, Minox International Group 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.

Minox International Group Bhd's Receivables Turnover Distribution in the Steel Industry

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

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

Minox International Group Bhd Receivables Turnover Calculation

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

Minox International Group 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 )
=	49.216	/ (	(9.026	+	7.19)	/	2 )
=	49.216	/	8.108
=	6.07

Minox International Group 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 )
=	49.216	/ (	(9.026	+	7.19)	/	2 )
=	49.216	/	8.108
=	6.07

Minox International Group Bhd (XKLS:0288) 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.

Minox International Group Bhd Receivables Turnover Related Terms

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Minox International Group Bhd (XKLS:0288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Minox International Group Bhd (XKLS:0288) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Jalan Industri PBP 11, Taman Industri Pusat Bandar Puchong, Puchong, SGR, MYS, 47100

Website

https://www.minox.biz

Minox International Group Bhd is principally an investment holding company. It is involved in the distribution of stainless steel sanitary valves, tubes & fittings, installation components & equipment, rubber hoses under its MINOX brand and other related products.

Minox International Group Bhd (XKLS:0288) Headlines

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