AEON Credit Service (M) Bhd (XKLS:5139) Receivables Turnover : 152.80 (As of Feb. 2024)

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What is AEON Credit Service (M) 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. AEON Credit Service (M) Bhd's Revenue for the three months ended in Feb. 2024 was RM502 Mil. AEON Credit Service (M) Bhd's average Accounts Receivable for the three months ended in Feb. 2024 was RM3 Mil. Hence, AEON Credit Service (M) Bhd's Receivables Turnover for the three months ended in Feb. 2024 was 152.80.

AEON Credit Service (M) Bhd Receivables Turnover Historical Data

The historical data trend for AEON Credit Service (M) 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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AEON Credit Service (M) Bhd Receivables Turnover Chart

AEON Credit Service (M) Bhd Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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0.76

1,011.19

1,267.58

888.29

AEON Credit Service (M) Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															436.37	285.06	206.90	167.68	152.80

Competitive Comparison of AEON Credit Service (M) Bhd's Receivables Turnover

For the Credit Services subindustry, AEON Credit Service (M) 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.

AEON Credit Service (M) Bhd's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AEON Credit Service (M) Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AEON Credit Service (M) Bhd's Receivables Turnover falls into.

AEON Credit Service (M) Bhd Receivables Turnover Calculation

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

AEON Credit Service (M) Bhd's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	1912.491	/ (	(1.08	+	3.226)	/	2 )
=	1912.491	/	2.153
=	888.29

AEON Credit Service (M) Bhd's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	501.574	/ (	(3.339	+	3.226)	/	2 )
=	501.574	/	3.2825
=	152.80

AEON Credit Service (M) Bhd (XKLS:5139) 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.

AEON Credit Service (M) Bhd Receivables Turnover Related Terms

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AEON Credit Service (M) Bhd (XKLS:5139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AEON Credit Service (M) Bhd (XKLS:5139) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jalan Kerinchi, Avenue 10, Level 18, UOA Corporate Tower, The Vertical, Bangsar South City, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.aeoncredit.com.my

AEON Credit Service (M) Bhd offers credit cards and other loans and financing options to consumers in Malaysia. The company earns more than 80% of its revenue from interest and financing charges on the loans it provides. Fees provide the remaining revenue. Vehicle financing, with a roughly even split between cars and motorcycles, accounts for more than half of the loans the company has outstanding. Remaining loans outstanding are in the personal financing, consumer durables financing, and credit card categories. Aeon Credit issues credit cards under the Visa and Mastercard brand names.

AEON Credit Service (M) Bhd (XKLS:5139) Headlines

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