MAA Group Bhd (XKLS:1198) Receivables Turnover : 0.71 (As of Dec. 2024)

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What is MAA 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. MAA Group Bhd's Revenue for the three months ended in Dec. 2024 was RM30.1 Mil. MAA Group Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM42.6 Mil. Hence, MAA Group Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 0.71.

MAA Group Bhd Receivables Turnover Historical Data

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

MAA Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun22

Jun23

Jun24

Receivables Turnover

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1.12

1.87

2.20

8.54

MAA Group Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.36	0.30	0.83	1.20	0.71

Competitive Comparison of MAA Group Bhd's Receivables Turnover

For the Insurance - Diversified subindustry, MAA 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.

MAA Group Bhd's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MAA Group Bhd's Receivables Turnover distribution charts can be found below:

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

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MAA Group Bhd Receivables Turnover Calculation

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

MAA Group Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	105.799	/ (	(12.574	+	12.215)	/	2 )
=	105.799	/	12.3945
=	8.54

MAA Group 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 )
=	30.115	/ (	(39.852	+	45.327)	/	2 )
=	30.115	/	42.5895
=	0.71

MAA Group Bhd (XKLS:1198) 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.

MAA Group Bhd Receivables Turnover Related Terms

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MAA Group Bhd Business Description

Industry

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Address

No. 566 Jalan Ipoh, 13th Floor, Kuala Lumpur, MYS, 51200

Website

https://www.maa.my

MAA Group Bhd is an investment holding company. The company along with its subsidiaries operates in given segments Investment holdings segment is engaged in investment holdings. General Insurance involves the underwriting of all classes of general insurance business. Education Services segment provides private tuition to students, tertiary education for certificates, diplomas, professional and post-graduate degrees; Credit Services involves provision of money lending, debt factoring and other credit activities and Hospitality Services involves provision of hospitality services, Cinema Services food and beverage, retailer of Cigars, and other services including logistics, renovation, facilities management service. It generates maximum revenue from the General insurance segment.

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