OCB Bhd (XKLS:5533) Receivables Turnover : 2.20 (As of Dec. 2023)

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What is OCB 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. OCB Bhd's Revenue for the three months ended in Dec. 2023 was RM82.9 Mil. OCB Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM37.7 Mil. Hence, OCB Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 2.20.

OCB Bhd Receivables Turnover Historical Data

The historical data trend for OCB 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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OCB Bhd Receivables Turnover Chart

OCB Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.90

7.23

6.79

6.88

7.47

OCB Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.98	1.97	1.92	2.04	2.20

Competitive Comparison of OCB Bhd's Receivables Turnover

For the Packaged Foods subindustry, OCB 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.

OCB Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, OCB Bhd's Receivables Turnover distribution charts can be found below:

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

OCB Bhd Receivables Turnover Calculation

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

OCB 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 )
=	298.6	/ (	(37.468	+	42.484)	/	2 )
=	298.6	/	39.976
=	7.47

OCB Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	82.912	/ (	(32.821	+	42.484)	/	2 )
=	82.912	/	37.6525
=	2.20

OCB Bhd (XKLS:5533) 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.

OCB Bhd Receivables Turnover Related Terms

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OCB Bhd (XKLS:5533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » OCB Bhd (XKLS:5533) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS 6/6, Kelana Jaya, 2B-5, Level 5, Petaling Jaya, SGR, MYS, 47301

Website

https://www.ocbb.com.my

OCB Bhd is an investment company operating in the consumer foods, bedding products, and building materials sector. The Consumer Foods Division is a producer of instant noodles, mayonnaise, seasoning-powder, seasoning oil, sauces and food ingredients, specialty spices, soup, soup stocks, and marinades. Bedding Products Division manufactures and distributes mattress systems, divan-foundations and bedding accessories made of spring coils, natural latex, and foam fibre. The Building Materials Division is a building material supplier. Majority of the company's revenue is generated from the Consumer Foods segment. Geographically, it derives maximum revenue from Malaysia and also has a presence in Indonesia, Singapore, Brunei, Australia, USA, and Other Countries.

OCB Bhd (XKLS:5533) Headlines

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