Mynews Holdings Bhd (XKLS:5275) Receivables Turnover : 15.19 (As of Jan. 2025)

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What is Mynews Holdings 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. Mynews Holdings Bhd's Revenue for the three months ended in Jan. 2025 was RM215.9 Mil. Mynews Holdings Bhd's average Accounts Receivable for the three months ended in Jan. 2025 was RM14.2 Mil. Hence, Mynews Holdings Bhd's Receivables Turnover for the three months ended in Jan. 2025 was 15.19.

Mynews Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Mynews Holdings 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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Mynews Holdings Bhd Receivables Turnover Chart

Mynews Holdings Bhd Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Receivables Turnover

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51.19

107.49

237.03

171.48

113.71

Mynews Holdings Bhd Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Receivables Turnover	Get a 7-Day Free Trial															71.49	237.70	32.43	19.28	15.19

Competitive Comparison of Mynews Holdings Bhd's Receivables Turnover

For the Specialty Retail subindustry, Mynews Holdings 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.

Mynews Holdings Bhd's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mynews Holdings Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mynews Holdings Bhd's Receivables Turnover falls into.

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Mynews Holdings Bhd Receivables Turnover Calculation

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

Mynews Holdings Bhd's Receivables Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Receivables Turnover (A: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2024 )	/ (	(Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Oct. 2024 ))	/	count )
=	804.198	/ (	(4.583	+	9.562)	/	2 )
=	804.198	/	7.0725
=	113.71

Mynews Holdings Bhd's Receivables Turnover for the quarter that ended in Jan. 2025 is calculated as

	Receivables Turnover (Q: Jan. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2025 )	/ (	(Accounts Receivable (Q: Oct. 2024 )	+	Accounts Receivable (Q: Jan. 2025 ))	/	count )
=	215.868	/ (	(9.562	+	18.855)	/	2 )
=	215.868	/	14.2085
=	15.19

Mynews Holdings Bhd (XKLS:5275) 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.

Mynews Holdings Bhd Receivables Turnover Related Terms

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Mynews Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mynews Holdings Bhd (XKLS:5275) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot No. 3, Jalan Teknologi 3/1, Seksyen 3 PJU 5 Kota Damansara, Taman Sains Selangor 1, Petaling Jaya, SGR, MYS, 47810

Website

https://www.mynews.com.my

Mynews Holdings Bhd is an investment holding company. Along with its subsidiaries, the company operated in the following business segments; Retail convenience, and Manufacturing. A majority of its revenue is generated from the Retail convenience segment which operates retail convenience stores selling retail convenience goods and services. The Manufacturing segment is engaged in producing bakery products and ready-to-eat meals.

Mynews Holdings Bhd Headlines

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