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Xin Synergy Group Bhd (XKLS:7043) Receivables Turnover : 0.16 (As of Dec. 2023)


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What is Xin Synergy Group 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. Xin Synergy Group Bhd's Revenue for the three months ended in Dec. 2023 was RM7.41 Mil. Xin Synergy Group Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM47.23 Mil. Hence, Xin Synergy Group Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 0.16.


Xin Synergy Group Bhd Receivables Turnover Historical Data

The historical data trend for Xin Synergy Group 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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Xin Synergy Group Bhd Receivables Turnover Chart

Xin Synergy Group Bhd Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 3.15 2.61 0.85 0.66

Xin Synergy Group 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 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 0.13 - 0.45 0.22 0.16

Competitive Comparison of Xin Synergy Group Bhd's Receivables Turnover

For the Building Materials subindustry, Xin Synergy Group 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.


Xin Synergy Group Bhd's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Xin Synergy Group Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Xin Synergy Group Bhd's Receivables Turnover falls into.



Xin Synergy Group Bhd Receivables Turnover Calculation

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

Xin Synergy Group Bhd's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=23.942 / ((37.604 + 35.127) / 2 )
=23.942 / 36.3655
=0.66

Xin Synergy Group 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 )
=7.406 / ((52.013 + 42.447) / 2 )
=7.406 / 47.23
=0.16

* 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.


Xin Synergy Group Bhd  (XKLS:7043) 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.


Xin Synergy Group Bhd Receivables Turnover Related Terms

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Xin Synergy Group Bhd (XKLS:7043) Business Description

Traded in Other Exchanges
N/A
Address
THE C.E.O, Unit 31-16-3, Lebuh Nipah 5, Bayan Lepas, Penang, MYS, 11950
Jade Marvel Group Bhd is an investment holding and management service company. Its operating segments include Investment holdings, Manufacturing, Financing, Constructions, Property development, Healthcare and others. The Property development segment is the key revenue driver for the company. Geographically, it operates only in Malaysia.

Xin Synergy Group Bhd (XKLS:7043) Headlines

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