Protasco Bhd (XKLS:5070) Receivables Turnover : 1.29 (As of Dec. 2024)

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What is Protasco 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. Protasco Bhd's Revenue for the three months ended in Dec. 2024 was RM439 Mil. Protasco Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM341 Mil. Hence, Protasco Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 1.29.

Protasco Bhd Receivables Turnover Historical Data

The historical data trend for Protasco 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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Protasco Bhd Receivables Turnover Chart

Protasco Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.84

5.61

4.23

4.93

4.95

Protasco Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.32	0.58	0.82	1.17	1.29

Competitive Comparison of Protasco Bhd's Receivables Turnover

For the Engineering & Construction subindustry, Protasco 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.

Protasco Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Protasco Bhd's Receivables Turnover distribution charts can be found below:

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

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Protasco Bhd Receivables Turnover Calculation

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

Protasco Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	1277.581	/ (	(277.676	+	238.911)	/	2 )
=	1277.581	/	258.2935
=	4.95

Protasco Bhd's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	438.616	/ (	(443.469	+	238.911)	/	2 )
=	438.616	/	341.19
=	1.29

Protasco Bhd (XKLS:5070) 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.

Protasco Bhd Receivables Turnover Related Terms

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Protasco Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Protasco Bhd (XKLS:5070) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Ikram-Uniten, Corporate Block, Unipark Suria, Kajang, SGR, MYS, 43000

Website

https://www.protasco.com.my

Protasco Bhd is engaged in the business of investment holding. It operates in eight business segments. The Maintenance segment, which is the key revenue driver, is involved in the maintenance of federal and state roads. The Construction segment consists of the development of buildings and other infrastructures facilities. The Property development segment includes the construction of commercial and residential properties. Engineering segment provides civil engineering and other related services. The Trading and manufacturing segment is in the production and marketing of construction materials. Education segment comprises of the provision of tertiary education services, Hotel & Hospitality segment and Clean Energy segment.

Protasco Bhd Headlines

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