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SaudiGold Group Bhd (XKLS:5157) Receivables Turnover : 1.90 (As of Oct. 2024)


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What is SaudiGold Group 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. SaudiGold Group Bhd's Revenue for the three months ended in Oct. 2024 was RM21.96 Mil. SaudiGold Group Bhd's average Accounts Receivable for the three months ended in Oct. 2024 was RM11.57 Mil. Hence, SaudiGold Group Bhd's Receivables Turnover for the three months ended in Oct. 2024 was 1.90.


SaudiGold Group Bhd Receivables Turnover Historical Data

The historical data trend for SaudiGold Group 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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SaudiGold Group Bhd Receivables Turnover Chart

SaudiGold Group Bhd Annual Data
Trend May14 May15 May16 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.89 5.92 5.29 5.63 9.15

SaudiGold Group Bhd Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 1.31 1.28 1.76 1.90

Competitive Comparison of SaudiGold Group Bhd's Receivables Turnover

For the Packaged Foods subindustry, SaudiGold Group 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.


SaudiGold Group Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SaudiGold Group Bhd's Receivables Turnover distribution charts can be found below:

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



SaudiGold Group Bhd Receivables Turnover Calculation

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

SaudiGold Group Bhd's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

Receivables Turnover (A: Jul. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jul. 2024 ) / ((Accounts Receivable (A: Jul. 2023 ) + Accounts Receivable (A: Jul. 2024 )) / count )
=83.545 / ((10.116 + 8.146) / 2 )
=83.545 / 9.131
=9.15

SaudiGold Group Bhd's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

Receivables Turnover (Q: Oct. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Oct. 2024 ) / ((Accounts Receivable (Q: Jul. 2024 ) + Accounts Receivable (Q: Oct. 2024 )) / count )
=21.955 / ((8.146 + 14.996) / 2 )
=21.955 / 11.571
=1.90

* 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.


SaudiGold Group Bhd  (XKLS:5157) 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.


SaudiGold Group Bhd Receivables Turnover Related Terms

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SaudiGold Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
Taman Perindustrian Sungai Petani Phase III, Plot 331, Sungai Petani, KDH, MYS, 08000
SaudiGold Group Bhd is an investment holding company, which is engaged in the production, distribution, and marketing of fresh and frozen foods, processed poultry, beef products, and bakery products. Its brands include Saudi Gold and Farm's Gold. The Group operates in a single reportable segment which is the manufacture and sale of frozen food.

SaudiGold Group Bhd Headlines

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