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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. Go Innovate Asia Bhd's Revenue for the
six
months ended in Jun. 2025 was RM2,001 Mil. Go Innovate Asia Bhd's average Accounts Receivable for the
six
months ended in Jun. 2025 was RM24 Mil.
Hence, Go Innovate Asia Bhd's Receivables Turnover for the
six
months ended in Jun. 2025 was 83.14.
Go Innovate Asia Bhd (XKLS:03028) 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.
Go Innovate Asia Bhd Receivables Turnover Related Terms
Go Innovate Asia Bhd Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Go Innovate Asia 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.
XKLS:03028 vs MS, GS, SCHW: Receivables Turnover Comparison
For the Capital Markets subindustry, Go Innovate Asia 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.
Go Innovate Asia Bhd Receivables Turnover vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Go Innovate Asia Bhd's Receivables Turnover falls into.
* 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.
Go Innovate Asia Bhd (XKLS:03028) has a Receivables Turnover of 83.14 as of Jun. 2025. The accounts 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. View historical data on Go Innovate Asia Bhd and its competitors.
Is Go Innovate Asia Bhd's Receivables Turnover too high?
Go Innovate Asia Bhd's current Receivables Turnover is 83.14. The Capital Markets industry median Receivables Turnover is 6.93. Go Innovate Asia Bhd's value of 83.14 is 1099.7% above this industry median.
How does Go Innovate Asia Bhd's Receivables Turnover compare to MS and GS?
Go Innovate Asia Bhd's Receivables Turnover of 83.14 can be compared against companies in the Capital Markets industry. The industry median Receivables Turnover is 6.93. Go Innovate Asia Bhd's value of 83.14 is 1099.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Capital Markets company?
The median Receivables Turnover among Capital Markets companies is 6.93, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Go Innovate Asia Bhd's current Receivables Turnover of 83.14 is 1099.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Go Innovate Asia Bhd and its competitors. For the Capital Markets industry, the median Receivables Turnover is 6.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Go Innovate Asia Bhd's current Receivables Turnover is 83.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current Receivables Turnover of 83.14. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current Receivables Turnover is 83.14 and 1099.7% above the Capital Markets industry median of 6.93. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Go Innovate Asia Bhd (XKLS:03028), the current Receivables Turnover is 83.14 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.
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