Titijaya Land Bhd (XKLS:5239) Receivables Turnover : 0.41 (As of Dec. 2024)

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What is Titijaya Land 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. Titijaya Land Bhd's Revenue for the three months ended in Dec. 2024 was RM46.3 Mil. Titijaya Land Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM114.3 Mil. Hence, Titijaya Land Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 0.41.

Titijaya Land Bhd Receivables Turnover Historical Data

The historical data trend for Titijaya Land 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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Titijaya Land Bhd Receivables Turnover Chart

Titijaya Land Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Receivables Turnover

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2.24

2.45

2.32

4.07

3.00

Titijaya Land 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															0.18	0.20	0.28	0.41	0.41

Competitive Comparison of Titijaya Land Bhd's Receivables Turnover

For the Real Estate - Development subindustry, Titijaya Land 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.

Titijaya Land Bhd's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Titijaya Land Bhd's Receivables Turnover distribution charts can be found below:

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

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Titijaya Land Bhd Receivables Turnover Calculation

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

Titijaya Land 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 )
=	254.898	/ (	(91.791	+	78.168)	/	2 )
=	254.898	/	84.9795
=	3.00

Titijaya Land 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 )
=	46.328	/ (	(118.643	+	110.044)	/	2 )
=	46.328	/	114.3435
=	0.41

Titijaya Land Bhd (XKLS:5239) 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.

Titijaya Land Bhd Receivables Turnover Related Terms

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Titijaya Land Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Titijaya Land Bhd (XKLS:5239) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

First Subang, Jalan SS15/4G, N-16-01, Penthouse, Level 16, Subang Jaya, SGR, MYS, 47500

Website

https://www.titijaya.com.my

Titijaya Land Bhd together with its subsidiaries is engaged in property development. It develops housing and commercial units for sale to house and office building purchasers. It has two business segments namely, Property development; Hospitality and Investment holding and others. Property development that derives the majority of revenue engages in the development of housing and commercial units for sale. The company operates in Malaysia.

Titijaya Land Bhd Headlines

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