QL Resources Bhd (XKLS:7084) Receivables Turnover : 3.24 (As of Dec. 2023)

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What is QL Resources 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. QL Resources Bhd's Revenue for the three months ended in Dec. 2023 was RM1,712 Mil. QL Resources Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM528 Mil. Hence, QL Resources Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 3.24.

QL Resources Bhd Receivables Turnover Historical Data

The historical data trend for QL Resources 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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QL Resources Bhd Receivables Turnover Chart

QL Resources Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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11.62

12.46

11.34

12.44

14.03

QL Resources 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															3.47	3.17	3.34	3.38	3.24

Competitive Comparison of QL Resources Bhd's Receivables Turnover

For the Farm Products subindustry, QL Resources 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.

QL Resources Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where QL Resources Bhd's Receivables Turnover falls into.

QL Resources Bhd Receivables Turnover Calculation

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

QL Resources 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 )
=	6242.643	/ (	(427.617	+	462.016)	/	2 )
=	6242.643	/	444.8165
=	14.03

QL Resources 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 )
=	1712.192	/ (	(504.018	+	552.696)	/	2 )
=	1712.192	/	528.357
=	3.24

QL Resources Bhd (XKLS:7084) 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.

QL Resources Bhd Receivables Turnover Related Terms

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QL Resources Bhd (XKLS:7084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » QL Resources Bhd (XKLS:7084) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16A, Jalan Astaka U8/83, Bukit Jelutong, Shah Alam, SGR, MYS, 40150

Website

https://www.ql.com.my

QL Resources Bhd is an agro-food company. The company has the following principal segments; Integrated Livestock Farming, Marine Products Manufacturing, and Palm oil and clean energy and Convenience store chain. It farms and produces resource-efficient protein and food energy sources. The group's business operates in five geographical areas: Malaysia, Indonesia, Vietnam, China, and Singapore. It generates the majority of its revenue from the Integrated Livestock Farming segment.

QL Resources Bhd (XKLS:7084) Headlines

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