Radium Development Bhd (XKLS:5313) Receivables Turnover : 0.44 (As of Dec. 2024)

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What is Radium Development 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. Radium Development Bhd's Revenue for the three months ended in Dec. 2024 was RM46.2 Mil. Radium Development Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM105.8 Mil. Hence, Radium Development Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 0.44.

Radium Development Bhd Receivables Turnover Historical Data

The historical data trend for Radium Development 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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Radium Development Bhd Receivables Turnover Chart

Radium Development Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.57

6.28

3.66

1.68

1.60

Radium Development Bhd Quarterly Data
	Dec19	Dec20	Dec21	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial							0.30	0.36	0.35	0.57	0.44

Competitive Comparison of Radium Development Bhd's Receivables Turnover

For the Real Estate - Development subindustry, Radium Development 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.

Radium Development Bhd's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Radium Development Bhd's Receivables Turnover falls into.

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Radium Development Bhd Receivables Turnover Calculation

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

Radium Development 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 )
=	152.816	/ (	(65.468	+	125.66)	/	2 )
=	152.816	/	95.564
=	1.60

Radium Development 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 )
=	46.199	/ (	(86.031	+	125.66)	/	2 )
=	46.199	/	105.8455
=	0.44

Radium Development Bhd (XKLS:5313) 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.

Radium Development Bhd Receivables Turnover Related Terms

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Radium Development Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Radium Development Bhd (XKLS:5313) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Jalan Melati Utama 2, No. 7-2, PV7, Taman Melati Utama, Setapak, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 53100

Website

https://www.radiumdevelopment.com

Radium Development Bhd is a property developer principally involved in the development of high-rise residential properties, focusing on the development of competitively-priced high-rise residential properties in strategic locations in urban Kuala Lumpur. Its high-rise residential property development comprises condominiums, serviced apartments, suite apartments and SOHO units. The company also committed to the development of affordable housing such as Residensi Wilayah and PPAM to support the Government's effort in providing affordable housing to all Malaysian citizens. The company operates in three reportable segments Sales of development properties, Construction contracts, and Sale of goods. The majority of revenue is derived from the Sales of development properties segment.

Radium Development Bhd Headlines

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