APB Resources Bhd (XKLS:5568) Receivables Turnover : 0.46 (As of Dec. 2023)

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What is APB Resources 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. APB Resources Bhd's Revenue for the three months ended in Dec. 2023 was RM20.47 Mil. APB Resources Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM44.90 Mil. Hence, APB Resources Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 0.46.

APB Resources Bhd Receivables Turnover Historical Data

The historical data trend for APB Resources 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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APB Resources Bhd Receivables Turnover Chart

APB Resources Bhd Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Receivables Turnover

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4.92

4.67

3.60

2.06

5.27

APB Resources Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.87	0.82	0.42	0.71	0.46

Competitive Comparison of APB Resources Bhd's Receivables Turnover

For the Metal Fabrication subindustry, APB Resources 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.

APB Resources Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, APB Resources Bhd's Receivables Turnover distribution charts can be found below:

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

APB Resources Bhd Receivables Turnover Calculation

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

APB Resources Bhd's Receivables Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Receivables Turnover (A: Sep. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2022 )	/ (	(Accounts Receivable (A: Sep. 2021 )	+	Accounts Receivable (A: Sep. 2022 ))	/	count )
=	78.018	/ (	(21.39	+	8.2)	/	2 )
=	78.018	/	14.795
=	5.27

APB Resources 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	20.47	/ (	(29.608	+	60.192)	/	2 )
=	20.47	/	44.9
=	0.46

APB Resources Bhd (XKLS:5568) 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.

APB Resources Bhd Receivables Turnover Related Terms

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APB Resources Bhd (XKLS:5568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » APB Resources Bhd (XKLS:5568) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 47 (Lot 540), Jalan TUDM, Kampung Baru Subang, Seksyen U6, Shah Alam, SGR, MYS, 40150

Website

https://www.apb-resources.com

APB Resources Bhd is an investment holding company. The company is involved in the fabrication of process equipment for the oleo-chemical, oil & gas, energy, and petrochemical industries. The company operates in three segments: Fabrication, which accounts for the majority of revenue; Non-destructive testing; and Others. The fabrication segment includes the designing and manufacturing of engineering equipment. It caters to different industries such as the petrochemical process, chemical, oil palm processing, paper mill, and power generation industry. Geographically, it derives a majority of its revenue from Malaysia.

APB Resources Bhd (XKLS:5568) Headlines

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