Globaltec Formation Bhd (XKLS:5220) Receivables Turnover : 1.70 (As of Sep. 2024)

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What is Globaltec Formation 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. Globaltec Formation Bhd's Revenue for the three months ended in Sep. 2024 was RM44.0 Mil. Globaltec Formation Bhd's average Accounts Receivable for the three months ended in Sep. 2024 was RM25.9 Mil. Hence, Globaltec Formation Bhd's Receivables Turnover for the three months ended in Sep. 2024 was 1.70.

Globaltec Formation Bhd Receivables Turnover Historical Data

The historical data trend for Globaltec Formation 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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Globaltec Formation Bhd Receivables Turnover Chart

Globaltec Formation Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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7.74

9.40

8.10

7.67

7.08

Globaltec Formation Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.79	1.83	1.69	1.74	1.70

Competitive Comparison of Globaltec Formation Bhd's Receivables Turnover

For the Auto Parts subindustry, Globaltec Formation 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.

Globaltec Formation Bhd's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Globaltec Formation Bhd's Receivables Turnover distribution charts can be found below:

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

Globaltec Formation Bhd Receivables Turnover Calculation

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

Globaltec Formation Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	190.038	/ (	(29.403	+	24.313)	/	2 )
=	190.038	/	26.858
=	7.08

Globaltec Formation Bhd's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	43.999	/ (	(24.313	+	27.57)	/	2 )
=	43.999	/	25.9415
=	1.70

Globaltec Formation Bhd (XKLS:5220) 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.

Globaltec Formation Bhd Receivables Turnover Related Terms

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Globaltec Formation Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Globaltec Formation Bhd (XKLS:5220) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A, Jalan Stesen Sentral 2, Unit 23A-12, Menara Q Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.globaltec.com.my

Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping, and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company generates the majority of its revenue from the IMS segment. Geographically, it derives key revenue from Malaysia.

Globaltec Formation Bhd Headlines

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