Chin Teck Plantations Bhd (XKLS:1929) Receivables Turnover : 3.34 (As of Feb. 2024)

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What is Chin Teck Plantations 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. Chin Teck Plantations Bhd's Revenue for the three months ended in Feb. 2024 was RM51.3 Mil. Chin Teck Plantations Bhd's average Accounts Receivable for the three months ended in Feb. 2024 was RM15.4 Mil. Hence, Chin Teck Plantations Bhd's Receivables Turnover for the three months ended in Feb. 2024 was 3.34.

Chin Teck Plantations Bhd Receivables Turnover Historical Data

The historical data trend for Chin Teck Plantations 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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Chin Teck Plantations Bhd Receivables Turnover Chart

Chin Teck Plantations Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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10.48

9.72

13.05

20.15

21.47

Chin Teck Plantations Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															2.74	3.23	4.55	5.59	3.34

Competitive Comparison of Chin Teck Plantations Bhd's Receivables Turnover

For the Farm Products subindustry, Chin Teck Plantations 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.

Chin Teck Plantations Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chin Teck Plantations Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chin Teck Plantations Bhd's Receivables Turnover falls into.

Chin Teck Plantations Bhd Receivables Turnover Calculation

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

Chin Teck Plantations Bhd's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	205.674	/ (	(12.171	+	6.985)	/	2 )
=	205.674	/	9.578
=	21.47

Chin Teck Plantations Bhd's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	51.258	/ (	(15.627	+	15.074)	/	2 )
=	51.258	/	15.3505
=	3.34

Chin Teck Plantations Bhd (XKLS:1929) 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.

Chin Teck Plantations Bhd Receivables Turnover Related Terms

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Chin Teck Plantations Bhd (XKLS:1929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chin Teck Plantations Bhd (XKLS:1929) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block 2B, Level 3A, Jalan Stesen Sentral 5, Suite 2B-3A-2, Plaza Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.chinteck.com.my

Chin Teck Plantations Bhd is an investment holding company, which is engaged in the cultivation of oil palms, process and sale of fresh fruit bunches, crude palm oil, and palm kernel and is predominantly carried out in Malaysia. The company has three cultivation lands in Malaysia namely, Jemima and Sungei Sendayan, Gua Musang, and Keratong. The company also participates in joint ventures on oil palm plantations in Indonesia located at Lampung Province, Jambi Province, and South Sumatera Province, Sumatera, Republic of Indonesia.

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