Tropicana Bhd (XKLS:5401) Receivables Turnover : 1.03 (As of Mar. 2024)

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What is Tropicana 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. Tropicana Bhd's Revenue for the three months ended in Mar. 2024 was RM291 Mil. Tropicana Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM282 Mil. Hence, Tropicana Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.03.

Tropicana Bhd Receivables Turnover Historical Data

The historical data trend for Tropicana 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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Tropicana Bhd Receivables Turnover Chart

Tropicana Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.07

4.28

3.28

4.05

8.04

Tropicana Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.86	1.17	1.01	1.27	1.03

Competitive Comparison of Tropicana Bhd's Receivables Turnover

For the Real Estate Services subindustry, Tropicana 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.

Tropicana Bhd's Receivables Turnover Distribution in the Real Estate Industry

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

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

Tropicana Bhd Receivables Turnover Calculation

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

Tropicana Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1493.111	/ (	(197.02	+	174.472)	/	2 )
=	1493.111	/	185.746
=	8.04

Tropicana Bhd'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 )
=	291.275	/ (	(174.472	+	390.142)	/	2 )
=	291.275	/	282.307
=	1.03

Tropicana Bhd (XKLS:5401) 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.

Tropicana Bhd Receivables Turnover Related Terms

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Tropicana Bhd (XKLS:5401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tropicana Corp Bhd (XKLS:5401) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A, Persiaran Surian, Unit 1301, Level 13, Tropicana Gardens Office Tower, Tropicana Indah, Petaling Jaya, SGR, MYS, 47810

Website

https://www.tropicanacorp.com.my

Tropicana Corp Bhd has diversified business interests including Property Development & Property Management, Property Investment, Recreation & Resorts, Investment Holdings and more. The company is organized into three segments - Property development and property management involved in the development of residential and commercial properties; Property investment, recreation and resort involved in the management and operation of hotels, resort, golf course, clubhouse and investments in commercial and other properties and Investment holding and others that provides landscape services, management and operation of private school services and other operations. Maximum revenue is generated by the property development and property management segment.

Tropicana Bhd (XKLS:5401) Headlines

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