Ta Win Holdings Bhd (XKLS:7097) Receivables Turnover : 2.64 (As of Mar. 2024)

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What is Ta Win 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. Ta Win Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM164.7 Mil. Ta Win Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM62.3 Mil. Hence, Ta Win Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 2.64.

Ta Win Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Ta Win 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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Ta Win Holdings Bhd Receivables Turnover Chart

Ta Win Holdings Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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10.28

7.46

15.07

11.84

11.93

Ta Win Holdings Bhd Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.62	1.74	2.94	2.41	2.64

Competitive Comparison of Ta Win Holdings Bhd's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Ta Win 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.

Ta Win Holdings Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ta Win Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Ta Win Holdings Bhd Receivables Turnover Calculation

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

Ta Win Holdings Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	613.151	/ (	(49.59	+	53.191)	/	2 )
=	613.151	/	51.3905
=	11.93

Ta Win Holdings Bhd's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	164.687	/ (	(61.203	+	63.374)	/	2 )
=	164.687	/	62.2885
=	2.64

Ta Win Holdings Bhd (XKLS:7097) 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.

Ta Win Holdings Bhd Receivables Turnover Related Terms

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Ta Win Holdings Bhd (XKLS:7097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ta Win Holdings Bhd (XKLS:7097) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

7097PA.PFD:Malaysia

Address

Jalan Stesen Sentral 2, Unit 26-11 and 26-12, Level 26, Q Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.ta-win.com

Ta Win Holdings Bhd is an investment holding company which is engaged in the provision of management services. It is carried out in Malaysia, Hong Kong and the People's Republic of China. The company's subsidiaries are engaged in investment holding, manufacturing and exporting enamelled copper wires and copper rods to various markets, licensed manufacturing warehouses and trading of enamelled copper wire. The majority of its revenue is derived from Malaysia.

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