Carlo Rino Group Bhd (XKLS:03016) Receivables Turnover : 4.94 (As of Dec. 2023)

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What is Carlo Rino 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. Carlo Rino Group Bhd's Revenue for the six months ended in Dec. 2023 was RM49.5 Mil. Carlo Rino Group Bhd's average Accounts Receivable for the six months ended in Dec. 2023 was RM10.0 Mil. Hence, Carlo Rino Group Bhd's Receivables Turnover for the six months ended in Dec. 2023 was 4.94.

Carlo Rino Group Bhd Receivables Turnover Historical Data

The historical data trend for Carlo Rino 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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Carlo Rino Group Bhd Receivables Turnover Chart

Carlo Rino Group Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.78

7.03

13.78

15.62

21.11

Carlo Rino Group Bhd Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										3.38	5.79	4.33	4.79	4.94

Competitive Comparison of Carlo Rino Group Bhd's Receivables Turnover

For the Footwear & Accessories subindustry, Carlo Rino 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.

Carlo Rino Group Bhd's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Carlo Rino Group Bhd's Receivables Turnover distribution charts can be found below:

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

Carlo Rino Group Bhd Receivables Turnover Calculation

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

Carlo Rino Group Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	113.534	/ (	(6.802	+	3.956)	/	2 )
=	113.534	/	5.379
=	21.11

Carlo Rino 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	49.537	/ (	(3.956	+	16.092)	/	2 )
=	49.537	/	10.024
=	4.94

Carlo Rino Group Bhd (XKLS:03016) 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.

Carlo Rino Group Bhd Receivables Turnover Related Terms

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Carlo Rino Group Bhd (XKLS:03016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Carlo Rino Group Bhd (XKLS:03016) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 160, Jalan Cerdas, Taman Connaught, L2-05, 2nd Floor, Ikon Connaught, Wilayah Persekutuan, Kuala Lumpur, MYS, 56000

Website

https://www.carlorino.net

Carlo Rino Group Bhd is an investment holding company whose subsidiaries are principally involved in the design, marketing and retailing of women footwear, handbags and accessories; and provision of management services in Malaysia.

Carlo Rino Group Bhd (XKLS:03016) Headlines

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