Harrisons Holdings (Malaysia) Bhd (XKLS:5008) Receivables Turnover : 1.44 (As of Dec. 2023)

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What is Harrisons Holdings (Malaysia) 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. Harrisons Holdings (Malaysia) Bhd's Revenue for the three months ended in Dec. 2023 was RM504 Mil. Harrisons Holdings (Malaysia) Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM351 Mil. Hence, Harrisons Holdings (Malaysia) Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.44.

Harrisons Holdings (Malaysia) Bhd Receivables Turnover Historical Data

The historical data trend for Harrisons Holdings (Malaysia) 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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Harrisons Holdings (Malaysia) Bhd Receivables Turnover Chart

Harrisons Holdings (Malaysia) Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.70

5.84

6.68

7.28

6.81

Harrisons Holdings (Malaysia) 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															1.63	1.85	1.59	1.58	1.44

Competitive Comparison of Harrisons Holdings (Malaysia) Bhd's Receivables Turnover

For the Industrial Distribution subindustry, Harrisons Holdings (Malaysia) 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.

Harrisons Holdings (Malaysia) Bhd's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Harrisons Holdings (Malaysia) Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Harrisons Holdings (Malaysia) Bhd's Receivables Turnover falls into.

Harrisons Holdings (Malaysia) Bhd Receivables Turnover Calculation

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

Harrisons Holdings (Malaysia) 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 )
=	2257.077	/ (	(312.37	+	350.308)	/	2 )
=	2257.077	/	331.339
=	6.81

Harrisons Holdings (Malaysia) 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 )
=	503.984	/ (	(351.306	+	350.308)	/	2 )
=	503.984	/	350.807
=	1.44

Harrisons Holdings (Malaysia) Bhd (XKLS:5008) 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.

Harrisons Holdings (Malaysia) Bhd Receivables Turnover Related Terms

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Harrisons Holdings (Malaysia) Bhd (XKLS:5008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Harrisons Holdings (Malaysia) Bhd (XKLS:5008) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

10, Jalan Raja Laut, Unit 9A, 9th Floor, Wisma Bumi Raya, Wisma Bumi Raya, Kuala Lumpur, MYS, 50350

Website

https://www.harrisons.com.my

Harrisons Holdings (Malaysia) Bhd is a sale, marketing, warehousing, distribution, and services organization in Malaysia. It has three reporting business segments: Trading and distribution; Retail; and Shipping and others. The Trading and distribution segment operations generate majority revenue for the company which comprises trading and distribution of consumer products, building materials, industrial and agricultural chemical products, and liquor products. It has a business presence in Sabah, Sarawak, Peninsular Malaysia and Singapore.

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