New Hoong Fatt Holdings Bhd (XKLS:7060) Receivables Turnover : 1.39 (As of Dec. 2024)

View and export this data going back to 1998. Start your Free Trial

What is New Hoong Fatt 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. New Hoong Fatt Holdings Bhd's Revenue for the three months ended in Dec. 2024 was RM63.7 Mil. New Hoong Fatt Holdings Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM45.8 Mil. Hence, New Hoong Fatt Holdings Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 1.39.

New Hoong Fatt Holdings Bhd Receivables Turnover Historical Data

The historical data trend for New Hoong Fatt 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.

* Premium members only.

New Hoong Fatt Holdings Bhd Receivables Turnover Chart

New Hoong Fatt Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

5.08

4.86

5.66

6.23

6.64

New Hoong Fatt Holdings Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.47	1.59	1.41	1.44	1.39

Competitive Comparison of New Hoong Fatt Holdings Bhd's Receivables Turnover

For the Auto Parts subindustry, New Hoong Fatt 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.

New Hoong Fatt Holdings Bhd's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, New Hoong Fatt Holdings Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where New Hoong Fatt Holdings Bhd's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

New Hoong Fatt Holdings Bhd Receivables Turnover Calculation

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

New Hoong Fatt Holdings Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	282.257	/ (	(43.64	+	41.438)	/	2 )
=	282.257	/	42.539
=	6.64

New Hoong Fatt Holdings Bhd's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	63.684	/ (	(50.122	+	41.438)	/	2 )
=	63.684	/	45.78
=	1.39

New Hoong Fatt Holdings Bhd (XKLS:7060) 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.

New Hoong Fatt Holdings Bhd Receivables Turnover Related Terms

Thank you for viewing the detailed overview of New Hoong Fatt Holdings Bhd's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

New Hoong Fatt Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » New Hoong Fatt Holdings Bhd (XKLS:7060) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Teratai, Meru, Lot 5043, Klang, SGR, MYS, 41050

Website

https://www.newhoongfatt.com.my

New Hoong Fatt Holdings Bhd is an investment holding company based in Malaysia that provides automotive parts solutions through its subsidiaries. Its products are classified under different categories such as Metal Automotive parts which include door, hood, tailgate, fender, trunk lid, and bonnet; Plastic Automotive parts such as the bumper, grille, lamp, lamp accessories, door handle, and door mirror; and Automotive Accessories such as oil filter, spark plug, brake pad, air filter, ignition switch, fan motor, and others. The company's geographical segments include Malaysia; ASEAN; and Non-ASEAN (such as Middle East, Central and South America, Europe, Africa, and China). It derives the majority of revenue from Malaysia.

New Hoong Fatt Holdings Bhd Headlines

No Headlines