Mieco Chipboard Bhd (XKLS:5001) Receivables Turnover : 2.27 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Mieco Chipboard 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. Mieco Chipboard Bhd's Revenue for the three months ended in Dec. 2023 was RM110.0 Mil. Mieco Chipboard Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM48.5 Mil. Hence, Mieco Chipboard Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 2.27.

Mieco Chipboard Bhd Receivables Turnover Historical Data

The historical data trend for Mieco Chipboard 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.

* Premium members only.

Mieco Chipboard Bhd Receivables Turnover Chart

Mieco Chipboard Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

6.63

6.40

6.03

6.78

9.00

Mieco Chipboard Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.99	1.80	2.34	2.29	2.27

Competitive Comparison of Mieco Chipboard Bhd's Receivables Turnover

For the Lumber & Wood Production subindustry, Mieco Chipboard 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.

Mieco Chipboard Bhd's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mieco Chipboard Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mieco Chipboard Bhd's Receivables Turnover falls into.

Mieco Chipboard Bhd Receivables Turnover Calculation

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

Mieco Chipboard 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 )
=	358.869	/ (	(28.846	+	50.881)	/	2 )
=	358.869	/	39.8635
=	9.00

Mieco Chipboard Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	109.993	/ (	(46.155	+	50.881)	/	2 )
=	109.993	/	48.518
=	2.27

Mieco Chipboard Bhd (XKLS:5001) 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.

Mieco Chipboard Bhd Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Mieco Chipboard Bhd's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Mieco Chipboard Bhd (XKLS:5001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mieco Chipboard Bhd (XKLS:5001) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Indah 2/6, No. 1, Block C, Taman Indah, Batu 11, Cheras, SGR, MYS, 43200

Website

https://www.mieco.com.my

Mieco Chipboard Bhd is an investment holding company. It is also engaged in the provision of management services. The core business includes the manufacturing and distribution of particle boards also known as chipboards, with the primary focus on plain boards and melamine-faced boards. In addition, its other operation comprises investment holding. Its product includes mieco plain board and mieco decorative melamine-faced chipboard. These products are commonly used as core materials for home and office furniture. Geographically company operates across Malaysia, Hong Kong, and China.

Mieco Chipboard Bhd (XKLS:5001) Headlines

No Headlines