White Horse Bhd (XKLS:5009) Receivables Turnover : 1.22 (As of Mar. 2024)

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What is White Horse 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. White Horse Bhd's Revenue for the three months ended in Mar. 2024 was RM106.5 Mil. White Horse Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM87.5 Mil. Hence, White Horse Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.22.

White Horse Bhd Receivables Turnover Historical Data

The historical data trend for White Horse 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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White Horse Bhd Receivables Turnover Chart

White Horse Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

5.54

4.42

4.15

4.67

5.00

White Horse Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.19	1.48	1.47	1.48	1.22

Competitive Comparison of White Horse Bhd's Receivables Turnover

For the Building Materials subindustry, White Horse 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.

White Horse Bhd's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, White Horse Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where White Horse Bhd's Receivables Turnover falls into.

White Horse Bhd Receivables Turnover Calculation

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

White Horse 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 )
=	421.694	/ (	(79.885	+	88.833)	/	2 )
=	421.694	/	84.359
=	5.00

White Horse Bhd's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	106.536	/ (	(88.833	+	86.211)	/	2 )
=	106.536	/	87.522
=	1.22

White Horse Bhd (XKLS:5009) 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.

White Horse Bhd Receivables Turnover Related Terms

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White Horse Bhd (XKLS:5009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » White Horse Bhd (XKLS:5009) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Pasir Gudang Industrial Estate, PLO 464, Jalan Gangsa, Pasir Gudang, JHR, MYS, 81700

Website

https://www.whitehorse.my

White Horse Bhd. is an investment holding company, which is engaged in the manufacturing of ceramic wall, floor tiles and the provision of management services. Its segments include Malaysia, Vietnam, and Others. The Malaysia segment includes the manufacturing and distribution of ceramic homogenous tiles in Malaysia. The Vietnam segment includes the manufacturing and distribution of ceramic homogenous tiles in Vietnam. The other segments include the distribution of ceramic homogenous tiles in Indonesia, the Philippine, Singapore, and Thailand, and China. The product portfolio of the group consists of ceramic wall tiles, ceramic floor tiles, and porcelain tiles. It generates the majority of revenue from the Malaysian segment.

White Horse Bhd (XKLS:5009) Headlines

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