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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. Melewar Industrial Group Bhd's Revenue for the
three
months ended in Mar. 2026 was RM158.4 Mil. Melewar Industrial Group Bhd's average Accounts Receivable for the
three
months ended in Mar. 2026 was RM66.6 Mil.
Hence, Melewar Industrial Group Bhd's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.38.
Melewar Industrial Group Bhd (XKLS:3778) 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.
Melewar Industrial Group Bhd Receivables Turnover Related Terms
Melewar Industrial Group Bhd Receivables Turnover Historical Data
* 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.
Melewar Industrial Group Bhd Receivables Turnover Chart
XKLS:3778 vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Melewar Industrial 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.
Melewar Industrial Group Bhd Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Melewar Industrial Group Bhd's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Melewar Industrial Group 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.
Melewar Industrial Group Bhd (XKLS:3778) has a Receivables Turnover of 2.38 as of Mar. 2026. 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 Melewar Industrial Group Bhd and its competitors. According to the industry distribution chart, Melewar Industrial Group Bhd ranks #224 out of 605 companies in the Steel industry, placing it in the top 37%.
Is Melewar Industrial Group Bhd's Receivables Turnover too high?
Melewar Industrial Group Bhd's current Receivables Turnover is 2.38. The Steel industry median Receivables Turnover is 7.13. Melewar Industrial Group Bhd's value of 2.38 is 66.6% below this industry median. Based on the distribution chart, Melewar Industrial Group Bhd ranks #224 out of 605 companies in the Steel industry, which is above the industry midpoint. Overall, Melewar Industrial Group Bhd has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Melewar Industrial Group Bhd's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Melewar Industrial Group Bhd ranks #224 out of 605 companies for Receivables Turnover. This puts Melewar Industrial Group Bhd in the upper half of its industry. The industry median Receivables Turnover is 7.13. Melewar Industrial Group Bhd's value of 2.38 is 66.6% below 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 Steel company?
The median Receivables Turnover among Steel companies is 7.13, based on 605 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. Melewar Industrial Group Bhd's current Receivables Turnover of 2.38 is 66.6% below 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 Melewar Industrial Group Bhd and its competitors. For the Steel industry, the median Receivables Turnover is 7.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melewar Industrial Group Bhd's current Receivables Turnover is 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melewar Industrial Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Melewar Industrial Group Bhd (XKLS:3778) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.20, compared to a current price of RM0.13 — trading 37.5% below its estimated fair value. The current Receivables Turnover is 2.38 and 66.6% below the Steel industry median of 7.13. Melewar Industrial Group Bhd's overall GF Score™ is 28/100 with 5 warning signs to review. 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 Melewar Industrial Group Bhd (XKLS:3778), the current Receivables Turnover is 2.38 as of Mar. 2026. 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.
Is Melewar Industrial Group Bhd (XKLS:3778) Overvalued in 2026?
Based on GuruFocus' analysis, Melewar Industrial Group Bhd stock appears to be undervalued.
The current stock price of RM0.13 is trading 37.5% below its estimated GF Value™ of RM0.20.
GuruFocus considers Melewar Industrial Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:3778:
Receivables Turnover: 2.38
GF Value™: RM0.20 vs. price of RM0.13 (37.5% below fair value)
Industry Position: 66.6% below the Steel median (#224 of 605)
No single metric tells the full story. See the XKLS:3778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melewar Industrial Group Bhd along with its subsidiaries, operates in four reportable segments. The Steel Tube segment is in the business of manufacturing and sales of steel pipes and tubes. The Cold Rolled Coil segment is in the business of manufacturing and sales of cold-rolled coils. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. Others comprise companies involved in the food, trade-retail business, modular construction, and metal scraps trading businesses. It generates maximum revenue from the Cold rolled coil segment. Geographically, the group derives maximum revenue from Malaysia.
28GF Score
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