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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. Thong Guan Industries Bhd's Revenue for the
three
months ended in Mar. 2026 was RM317 Mil. Thong Guan Industries Bhd's average Accounts Receivable for the
three
months ended in Mar. 2026 was RM240 Mil.
Hence, Thong Guan Industries Bhd's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.32.
Thong Guan Industries Bhd (XKLS:7034) 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.
Thong Guan Industries Bhd Receivables Turnover Related Terms
Thong Guan Industries Bhd Receivables Turnover Historical Data
* 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.
Thong Guan Industries Bhd Receivables Turnover Chart
XKLS:7034 vs SW, PKG, IP: Receivables Turnover Comparison
For the Packaging & Containers subindustry, Thong Guan Industries 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.
Thong Guan Industries Bhd Receivables Turnover vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thong Guan Industries Bhd's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Thong Guan Industries Bhd's Receivables Turnover falls into.
* 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.
Thong Guan Industries Bhd (XKLS:7034) has a Receivables Turnover of 1.32 as of Mar. 2026. The accounts 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. View historical data on Thong Guan Industries Bhd and its competitors. According to the industry distribution chart, Thong Guan Industries Bhd ranks #252 out of 394 companies in the Packaging & Containers industry, placing it in the top 64%.
Is Thong Guan Industries Bhd's Receivables Turnover too high?
Thong Guan Industries Bhd's current Receivables Turnover is 1.32. The Packaging & Containers industry median Receivables Turnover is 5.45. Thong Guan Industries Bhd's value of 1.32 is 75.8% below this industry median. Based on the distribution chart, Thong Guan Industries Bhd ranks #252 out of 394 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Thong Guan Industries Bhd has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thong Guan Industries Bhd's Receivables Turnover compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thong Guan Industries Bhd ranks #252 out of 394 companies for Receivables Turnover. This places Thong Guan Industries Bhd in the lower half of its industry. The industry median Receivables Turnover is 5.45. Thong Guan Industries Bhd's value of 1.32 is 75.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Packaging & Containers company?
The median Receivables Turnover among Packaging & Containers companies is 5.45, based on 394 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thong Guan Industries Bhd's current Receivables Turnover of 1.32 is 75.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Thong Guan Industries Bhd and its competitors. For the Packaging & Containers industry, the median Receivables Turnover is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thong Guan Industries Bhd's current Receivables Turnover is 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thong Guan Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Thong Guan Industries Bhd (XKLS:7034) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.71, compared to a current price of RM1.47 — trading 14% below its estimated fair value. The current Receivables Turnover is 1.32 and 75.8% below the Packaging & Containers industry median of 5.45. Thong Guan Industries Bhd's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Thong Guan Industries Bhd (XKLS:7034), the current Receivables Turnover is 1.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thong Guan Industries Bhd (XKLS:7034) Overvalued in 2026?
Based on GuruFocus' analysis, Thong Guan Industries Bhd stock appears to be undervalued.
The current stock price of RM1.47 is trading 14% below its estimated GF Value™ of RM1.71.
GuruFocus considers Thong Guan Industries Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:7034:
Receivables Turnover: 1.32
GF Value™: RM1.71 vs. price of RM1.47 (14% below fair value)
Industry Position: 75.8% below the Packaging & Containers median (#252 of 394)
No single metric tells the full story. See the XKLS:7034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thong Guan Industries Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the firm is engaged in the trading of plastic packaging and petroleum products. It operates in two segments, including Plastic products and Food, beverages, and other consumable products. The company generates the majority of the revenue from the plastic products segment, which comprises stretch films, garbage bags, industrial bags, and PVC (Polyvinyl chloride) food wrap. Geographical presence is in Malaysia, Oceania, Europe, North America, other Asian countries, and others.
77GF Score
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