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Innoprise Plantations Bhd (XKLS:6262) Receivables Turnover : 11.05 (As of Mar. 2024)


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What is Innoprise Plantations 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. Innoprise Plantations Bhd's Revenue for the three months ended in Mar. 2024 was RM55.7 Mil. Innoprise Plantations Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM5.0 Mil. Hence, Innoprise Plantations Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 11.05.


Innoprise Plantations Bhd Receivables Turnover Historical Data

The historical data trend for Innoprise Plantations 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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Innoprise Plantations Bhd Receivables Turnover Chart

Innoprise Plantations Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.44 71.96 141.66 160.52 67.27

Innoprise Plantations 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.92 28.91 23.68 13.13 11.05

Competitive Comparison of Innoprise Plantations Bhd's Receivables Turnover

For the Farm Products subindustry, Innoprise Plantations 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.


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

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

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



Innoprise Plantations Bhd Receivables Turnover Calculation

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

Innoprise Plantations 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 )
=223.644 / ((1.239 + 5.41) / 2 )
=223.644 / 3.3245
=67.27

Innoprise Plantations 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 )
=55.695 / ((5.41 + 4.666) / 2 )
=55.695 / 5.038
=11.05

* 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.


Innoprise Plantations Bhd  (XKLS:6262) 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.


Innoprise Plantations Bhd Receivables Turnover Related Terms

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Innoprise Plantations Bhd (XKLS:6262) Business Description

Traded in Other Exchanges
N/A
Address
Menara Tun Mustapha, 6th Floor, Likas Bay, Kota Kinabalu, SBH, MYS, 88400
Innoprise Plantations Bhd is engaged in the business of cultivation of oil palm. The company operates through two segments namely Palm and bio-integration and Corporate. Its Palm and bio-integration segment is involved in the cultivation of oil palm, manufacture and sale of crude palm oil and palm kernel, and generation and supply of electricity from a biomass plant. Its Corporate segment consists of corporate services and treasury functions. The company generates maximum revenue from Palm and bio-integration segment.

Innoprise Plantations Bhd (XKLS:6262) Headlines

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