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AGX Group Bhd (XKLS:0299) Receivables Turnover : 5.15 (As of Dec. 2022)


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What is AGX 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. AGX Group Bhd's Revenue for the six months ended in Dec. 2022 was RM234.4 Mil. AGX Group Bhd's average Accounts Receivable for the six months ended in Dec. 2022 was RM45.5 Mil. Hence, AGX Group Bhd's Receivables Turnover for the six months ended in Dec. 2022 was 5.15.

AGX Group Bhd Receivables Turnover Historical Data

The historical data trend for AGX 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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AGX Group Bhd Receivables Turnover Chart

AGX Group Bhd Annual Data
Trend Dec20 Dec21 Dec22
Receivables Turnover
2.98 4.15 5.15

AGX Group Bhd Semi-Annual Data
Dec20 Dec21 Dec22
Receivables Turnover 2.98 4.15 5.15

Competitive Comparison of AGX Group Bhd's Receivables Turnover

For the Integrated Freight & Logistics subindustry, AGX 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.

AGX Group Bhd's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, AGX Group Bhd's Receivables Turnover distribution charts can be found below:

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


AGX Group Bhd Receivables Turnover Calculation

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

AGX Group Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=234.429 / ((52.169 + 38.873) / 2 )
=234.429 / 45.521
=5.15

AGX Group Bhd's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

Receivables Turnover (Q: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2022 ) / ((Accounts Receivable (Q: Dec. 2021 ) + Accounts Receivable (Q: Dec. 2022 )) / count )
=234.429 / ((52.169 + 38.873) / 2 )
=234.429 / 45.521
=5.15

* 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.

AGX Group Bhd  (XKLS:0299) 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.

AGX Group Bhd Receivables Turnover Related Terms

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AGX Group Bhd (XKLS:0299) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AGX Group Bhd (XKLS:0299) » Definitions » Receivables Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
Jalan USJ 10/1A, Unit 1A-C and Unit 2A-C, 2nd Floor, Pusat Perniagaan USJ 10, UEP Subang Jaya, SGR, MYS, 47610
Website
https://www.agxlogistics.com
AGX Group Bhd is a logistics service provider. It is a 3PL service provider that comprises sea and air freight forwarding, aerospace logistics, warehousing and other 3PL, and road freight transportation services. It also provides services to assist senders or receivers in transporting their goods from the point of origin to their final destinations and has services in all the countries and has a physical presence, namely Malaysia, the Philippines, Korea, Myanmar, and Singapore. Its sea and air freight forwarding services are mostly concerned with organizing the transportation of cargo for our customers, starting from the point of origin and ending when the freight is delivered to its final destination. Sea and air freight forwarding services generate maximum revenue for the company.

AGX Group Bhd (XKLS:0299) Headlines

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