Hap Seng Consolidated Bhd (XKLS:3034) Receivables Turnover : 1.04 (As of Sep. 2024)

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What is Hap Seng Consolidated 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. Hap Seng Consolidated Bhd's Revenue for the three months ended in Sep. 2024 was RM1,477 Mil. Hap Seng Consolidated Bhd's average Accounts Receivable for the three months ended in Sep. 2024 was RM1,423 Mil. Hence, Hap Seng Consolidated Bhd's Receivables Turnover for the three months ended in Sep. 2024 was 1.04.

Hap Seng Consolidated Bhd Receivables Turnover Historical Data

The historical data trend for Hap Seng Consolidated 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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Hap Seng Consolidated Bhd Receivables Turnover Chart

Hap Seng Consolidated Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.85

3.66

4.18

5.62

5.06

Hap Seng Consolidated Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.91	0.96	1.02	0.93	1.04

Competitive Comparison of Hap Seng Consolidated Bhd's Receivables Turnover

For the Conglomerates subindustry, Hap Seng Consolidated 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.

Hap Seng Consolidated Bhd's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hap Seng Consolidated Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hap Seng Consolidated Bhd's Receivables Turnover falls into.

Hap Seng Consolidated Bhd Receivables Turnover Calculation

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

Hap Seng Consolidated Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	6086.118	/ (	(1357.482	+	1050.031)	/	2 )
=	6086.118	/	1203.7565
=	5.06

Hap Seng Consolidated Bhd's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1476.864	/ (	(1462.443	+	1383.07)	/	2 )
=	1476.864	/	1422.7565
=	1.04

Hap Seng Consolidated Bhd (XKLS:3034) 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.

Hap Seng Consolidated Bhd Receivables Turnover Related Terms

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Hap Seng Consolidated Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hap Seng Consolidated Bhd (XKLS:3034) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250

Website

https://www.hapseng.com.my

Hap Seng Consolidated Bhd is an investment holding company. Its segment comprises Plantation engaged in the cultivation of oil palm and processing of fresh fruit bunches; Property consists of Property investment, property development, and hospitality; Credit financing consists provision of financial services; Automotive engaged in trading in motor vehicles, spare parts and servicing of motor vehicles; Trading consists of Trading and distribution of fertilizers and agro-chemical, trading of general building materials and petroleum products; and Building materials comprise operation of stone quarries and asphalt plants, manufacture of bricks and tiles, distribution and others. The majority of the revenue is generated in Malaysia with smaller operations in Other Asian countries.

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