EITA Resources Bhd (XKLS:5208) Receivables Turnover : 0.87 (As of Mar. 2024)

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What is EITA Resources 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. EITA Resources Bhd's Revenue for the three months ended in Mar. 2024 was RM85.1 Mil. EITA Resources Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM97.5 Mil. Hence, EITA Resources Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 0.87.

EITA Resources Bhd Receivables Turnover Historical Data

The historical data trend for EITA Resources 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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EITA Resources Bhd Receivables Turnover Chart

EITA Resources Bhd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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4.86

4.41

5.19

6.33

4.80

EITA Resources 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															1.09	1.38	1.25	1.35	0.87

Competitive Comparison of EITA Resources Bhd's Receivables Turnover

For the Specialty Industrial Machinery subindustry, EITA Resources 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.

EITA Resources Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, EITA Resources Bhd's Receivables Turnover distribution charts can be found below:

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

EITA Resources Bhd Receivables Turnover Calculation

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

EITA Resources Bhd's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	316.87	/ (	(61.234	+	70.681)	/	2 )
=	316.87	/	65.9575
=	4.80

EITA Resources 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 )
=	85.142	/ (	(99.361	+	95.725)	/	2 )
=	85.142	/	97.543
=	0.87

EITA Resources Bhd (XKLS:5208) 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.

EITA Resources Bhd Receivables Turnover Related Terms

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EITA Resources Bhd (XKLS:5208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EITA Resources Bhd (XKLS:5208) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 4, Block A, Jalan SS13/7, Subang Jaya Industrial Estate, Subang Jaya, SGR, MYS, 47500

Website

http://www.eita.com.my

EITA Resources Bhd is an investment holding company. The business of the company operates through various segments that are Design & Manufacturing, which includes purchasing, designing, and manufacturing of elevator and bus ducts; Marketing & Distribution, which includes purchasing, marketing, and distributing electrical and electronic components; Services, which is into the maintenance of elevator systems and carrying out civil, electrical, and general construction works; and High Voltage system, which carries out electrical engineering, and general construction work. Its products include elevators, power equipment, cabling, control equipment, security, green technology, and lighting & surge protection system. Its geographical segments are Malaysia, ASEAN, the Middle East, and others.

EITA Resources Bhd (XKLS:5208) Headlines

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