Kumpulan Kitacon Bhd (XKLS:5310) Receivables Turnover : 1.16 (As of Dec. 2024)

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What is Kumpulan Kitacon 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. Kumpulan Kitacon Bhd's Revenue for the three months ended in Dec. 2024 was RM217.5 Mil. Kumpulan Kitacon Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM188.2 Mil. Hence, Kumpulan Kitacon Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 1.16.

Kumpulan Kitacon Bhd Receivables Turnover Historical Data

The historical data trend for Kumpulan Kitacon 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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Kumpulan Kitacon Bhd Receivables Turnover Chart

Kumpulan Kitacon Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.36

3.60

4.79

6.09

5.77

Kumpulan Kitacon Bhd Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial									1.40	1.42	1.55	1.40	1.16

Competitive Comparison of Kumpulan Kitacon Bhd's Receivables Turnover

For the Real Estate - Development subindustry, Kumpulan Kitacon 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.

Kumpulan Kitacon Bhd's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Kumpulan Kitacon Bhd's Receivables Turnover falls into.

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Kumpulan Kitacon Bhd Receivables Turnover Calculation

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

Kumpulan Kitacon 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 )
=	949.623	/ (	(153.356	+	176.064)	/	2 )
=	949.623	/	164.71
=	5.77

Kumpulan Kitacon 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 )
=	217.469	/ (	(200.319	+	176.064)	/	2 )
=	217.469	/	188.1915
=	1.16

Kumpulan Kitacon Bhd (XKLS:5310) 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.

Kumpulan Kitacon Bhd Receivables Turnover Related Terms

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Kumpulan Kitacon Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kumpulan Kitacon Bhd (XKLS:5310) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Number 24, Jalan Rengas, Taman Selatan, Klang, SGR, MYS, 41200

Website

https://www.kitacon.com.my

Kumpulan Kitacon Bhd is principally engaged in the business of investment holding. The company is a contractor which provides a complete spectrum of services ranging from project management, planning and construction involved in township development for residential as well as non-residential buildings. The Company also provides other related services such as earthworks, roadworks, hoarding works, rectification works, piling works, and infrastructure works.

Kumpulan Kitacon Bhd Headlines

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