Astro Malaysia Holdings Bhd (XKLS:6399) Receivables Turnover : 2.31 (As of Jan. 2024)

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What is Astro Malaysia Holdings 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. Astro Malaysia Holdings Bhd's Revenue for the three months ended in Jan. 2024 was RM820 Mil. Astro Malaysia Holdings Bhd's average Accounts Receivable for the three months ended in Jan. 2024 was RM355 Mil. Hence, Astro Malaysia Holdings Bhd's Receivables Turnover for the three months ended in Jan. 2024 was 2.31.

Astro Malaysia Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Astro Malaysia Holdings 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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Astro Malaysia Holdings Bhd Receivables Turnover Chart

Astro Malaysia Holdings Bhd Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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8.42

14.40

17.32

14.97

14.45

Astro Malaysia Holdings Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															2.18	2.33	1.65	1.60	2.31

Competitive Comparison of Astro Malaysia Holdings Bhd's Receivables Turnover

For the Entertainment subindustry, Astro Malaysia Holdings 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.

Astro Malaysia Holdings Bhd's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Astro Malaysia Holdings Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Astro Malaysia Holdings Bhd's Receivables Turnover falls into.

Astro Malaysia Holdings Bhd Receivables Turnover Calculation

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

Astro Malaysia Holdings Bhd's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	3342.723	/ (	(247.997	+	214.73)	/	2 )
=	3342.723	/	231.3635
=	14.45

Astro Malaysia Holdings Bhd's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	819.923	/ (	(495.7	+	214.73)	/	2 )
=	819.923	/	355.215
=	2.31

Astro Malaysia Holdings Bhd (XKLS:6399) 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.

Astro Malaysia Holdings Bhd Receivables Turnover Related Terms

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Astro Malaysia Holdings Bhd (XKLS:6399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Astro Malaysia Holdings Bhd (XKLS:6399) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lebuhraya Puchong-Sungai Besi, Technology Park Malaysia, All Asia Broadcast Centre, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000

Website

https://corporate.astro.com.my

Astro Malaysia Holdings Bhd is an entertainment holding company operating in the diversified media industry. The company's business segments include Television, Radio, Home-shopping, and others. The Television segment provides content, creation, and aggregation of media. Additionally, it provides magazine publication and distribution. The radio segment provides radio broadcasting services to customers. The company generates the majority of its revenue in Malaysia.

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