Sin-Kung Logistics Bhd (XKLS:0305) Receivables Turnover : 7.65 (As of Dec. 2024)

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What is Sin-Kung Logistics 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. Sin-Kung Logistics Bhd's Revenue for the three months ended in Dec. 2024 was RM54.16 Mil. Sin-Kung Logistics Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM7.08 Mil. Hence, Sin-Kung Logistics Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 7.65.

Sin-Kung Logistics Bhd Receivables Turnover Historical Data

The historical data trend for Sin-Kung Logistics 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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Sin-Kung Logistics Bhd Receivables Turnover Chart

Sin-Kung Logistics Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

6.21

6.81

7.36

6.93

1.86

Sin-Kung Logistics Bhd Quarterly Data
	Dec20	Dec21	Dec22	Dec23	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			-	-	1.74	2.01	7.65

Competitive Comparison of Sin-Kung Logistics Bhd's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Sin-Kung Logistics 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.

Sin-Kung Logistics Bhd's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sin-Kung Logistics Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sin-Kung Logistics Bhd's Receivables Turnover falls into.

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Sin-Kung Logistics Bhd Receivables Turnover Calculation

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

Sin-Kung Logistics Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	13.585	/ (	(7.986	+	6.612)	/	2 )
=	13.585	/	7.299
=	1.86

Sin-Kung Logistics Bhd's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	54.159	/ (	(7.546	+	6.612)	/	2 )
=	54.159	/	7.079
=	7.65

Sin-Kung Logistics Bhd (XKLS:0305) 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.

Sin-Kung Logistics Bhd Receivables Turnover Related Terms

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Sin-Kung Logistics Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sin-Kung Logistics Bhd (XKLS:0305) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bukit Kemuning, Lot 1928, Shah Alam, SGR, MYS, 40460

Website

https://www.sinkung.my

Sin-Kung Logistics Bhd is a integrated logistics service provider. It is involved in the provision of trucking services with a focus on airport-to-airport road feeder services and also provide container haulage services, warehousing and distribution services and other logistics related services.

Sin-Kung Logistics Bhd Headlines

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