Axteria Group Bhd (XKLS:7120) Receivables Turnover : 2.42 (As of Mar. 2024)

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What is Axteria 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. Axteria Group Bhd's Revenue for the three months ended in Mar. 2024 was RM8.80 Mil. Axteria Group Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM3.64 Mil. Hence, Axteria Group Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 2.42.

Axteria Group Bhd Receivables Turnover Historical Data

The historical data trend for Axteria 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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Axteria Group Bhd Receivables Turnover Chart

Axteria Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.83

3.80

12.20

6.68

15.49

Axteria Group Bhd Quarterly Data
	Jun19	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															5.04	1.11	1.75	1.95	2.42

Competitive Comparison of Axteria Group Bhd's Receivables Turnover

For the Real Estate - Development subindustry, Axteria 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.

Axteria Group Bhd's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Axteria Group Bhd's Receivables Turnover distribution charts can be found below:

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

Axteria Group Bhd Receivables Turnover Calculation

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

Axteria Group Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	65.381	/ (	(2.709	+	5.735)	/	2 )
=	65.381	/	4.222
=	15.49

Axteria Group 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 )
=	8.803	/ (	(5.735	+	1.539)	/	2 )
=	8.803	/	3.637
=	2.42

Axteria Group Bhd (XKLS:7120) 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.

Axteria Group Bhd Receivables Turnover Related Terms

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Axteria Group Bhd (XKLS:7120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Axteria Group Bhd (XKLS:7120) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

No.56, Jalan Setia Tropika 1/14, Suite 02-01, Level 2, Wisma Teras Eco, Taman Setia Tropika, Johor Bahru, JHR, MYS, 81200

Website

https://www.acoustech.com.my

Axteria Group Bhd, formerly Acoustech Bhd is an investment holding company engaged in the property development and construction business. It operates through three divisions. The Property Development and Construction Division, which derives the majority of revenue, involves developing properties, securing, and carrying out construction contracts. The Investment Holding division involves activities where investments contribute to dividend income and interest income as well as sharing of results of the investee companies and Trading division involves wholesale of construction materials to third party customers. It only operates in Malaysia.

Axteria Group Bhd (XKLS:7120) Headlines

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