AME REIT (XKLS:5307) Receivables Turnover : 9.41 (As of Mar. 2024)

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What is AME REIT 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. AME REIT's Revenue for the three months ended in Mar. 2024 was RM12.48 Mil. AME REIT's average Accounts Receivable for the three months ended in Mar. 2024 was RM1.33 Mil. Hence, AME REIT's Receivables Turnover for the three months ended in Mar. 2024 was 9.41.

AME REIT Receivables Turnover Historical Data

The historical data trend for AME REIT'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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AME REIT Receivables Turnover Chart

AME REIT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

29.29

106.79

AME REIT Quarterly Data
	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					2.82	5.08	2.97	3.65	9.41

Competitive Comparison of AME REIT's Receivables Turnover

For the REIT - Industrial subindustry, AME REIT'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.

AME REIT's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, AME REIT's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where AME REIT's Receivables Turnover falls into.

AME REIT Receivables Turnover Calculation

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

AME REIT's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	48.004	/ (	(0.781	+	0.118)	/	2 )
=	48.004	/	0.4495
=	106.79

AME REIT'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 )
=	12.483	/ (	(2.534	+	0.118)	/	2 )
=	12.483	/	1.326
=	9.41

AME REIT (XKLS:5307) 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.

AME REIT Receivables Turnover Related Terms

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AME REIT (XKLS:5307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AME REIT (XKLS:5307) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan I-Park SAC 1/1, Taman Perindustrian I-Park SAC, Senai, JHR, MYS, 81400

Website

https://www.amereit.com.my

AME REIT is engaged in investing directly and indirectly in a Shariah compliant portfolio of income income producing Real Estate used primarily for industrial and industrial-related purposes in Malaysia and overseas. The company's portfolio consists of 34 subject properties with 31 industrial properties and around 3 industrial related properties known as Dormitories which are freehold properties.

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