MI Technovation Bhd (XKLS:5286) Receivables Turnover : 0.71 (As of Dec. 2024)

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What is MI Technovation 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. MI Technovation Bhd's Revenue for the three months ended in Dec. 2024 was RM111.4 Mil. MI Technovation Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM155.9 Mil. Hence, MI Technovation Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 0.71.

MI Technovation Bhd Receivables Turnover Historical Data

The historical data trend for MI Technovation 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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MI Technovation Bhd Receivables Turnover Chart

MI Technovation Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.35

3.09

2.70

2.57

3.24

MI Technovation 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															0.65	0.74	0.79	0.72	0.71

Competitive Comparison of MI Technovation Bhd's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, MI Technovation 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.

MI Technovation Bhd's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, MI Technovation Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MI Technovation Bhd's Receivables Turnover falls into.

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MI Technovation Bhd Receivables Turnover Calculation

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

MI Technovation Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	463.455	/ (	(133.462	+	152.358)	/	2 )
=	463.455	/	142.91
=	3.24

MI Technovation 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 )
=	111.432	/ (	(159.404	+	152.358)	/	2 )
=	111.432	/	155.881
=	0.71

MI Technovation Bhd (XKLS:5286) 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.

MI Technovation Bhd Receivables Turnover Related Terms

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MI Technovation Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » MI Technovation Bhd (XKLS:5286) » Definitions » Receivables Turnover

Comparable Companies

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N/A

Address

No. 20, Medan Bayan Lepas Technoplex, MK 12, Taman Perindustrian Bayan Lepas, Bayan Lepas, PNG, MYS, 11900

Website

https://www.mi-eq.com

MI Technovation Bhd is an investment holding company. The group is involved in the design, development, manufacture, and sale of wafer-level chip-scale packaging sorting machines with inspection and testing capabilities for the semiconductor industry. Its reportable segments include Semiconductor Equipment Business Unit, Semiconductor Material Business Unit, Semiconductor Solutions Business Unit, and Others. Its majority of revenue comes from the Semiconductor Material Business Unit segment which is Involved in the manufacturing and sale of solder spheres (also known as solder balls), a key assembly and packaging material in the semiconductor industry.

MI Technovation Bhd Headlines

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