Itmax System Bhd (XKLS:5309) Receivables Turnover : 1.05 (As of Dec. 2024)

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What is Itmax System 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. Itmax System Bhd's Revenue for the three months ended in Dec. 2024 was RM63.1 Mil. Itmax System Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM60.3 Mil. Hence, Itmax System Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 1.05.

Itmax System Bhd Receivables Turnover Historical Data

The historical data trend for Itmax System 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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Itmax System Bhd Receivables Turnover Chart

Itmax System Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.17

7.71

8.10

7.26

5.61

Itmax System Bhd Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial										1.69	1.44	1.26	1.01	1.05

Competitive Comparison of Itmax System Bhd's Receivables Turnover

For the Security & Protection Services subindustry, Itmax System 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.

Itmax System Bhd's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Itmax System Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Itmax System Bhd's Receivables Turnover falls into.

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Itmax System Bhd Receivables Turnover Calculation

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

Itmax System 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 )
=	220.232	/ (	(25.593	+	52.856)	/	2 )
=	220.232	/	39.2245
=	5.61

Itmax System 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 )
=	63.128	/ (	(67.659	+	52.856)	/	2 )
=	63.128	/	60.2575
=	1.05

Itmax System Bhd (XKLS:5309) 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.

Itmax System Bhd Receivables Turnover Related Terms

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Itmax System Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Itmax System Bhd (XKLS:5309) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

No. 30-G & 30-3, Jalan Radin Bagus 3, Seri Petaling, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.itmax.com.my

Itmax System Bhd is principally involved in the business of supply and installation and provision of public space networked systems. The company is principally involved in the business of providing green and sustainable technology solutions. The company operates through Digital Infrastructure Solutions, Supply, installation, and maintenance services, Trading revenue, Telecommunication and network infrastructure services, and the majority of its revenue generated from Digital infrastructure solutions.

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