TXCD Bhd (XKLS:7145) Receivables Turnover : 0.65 (As of Dec. 2024)

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What is TXCD 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. TXCD Bhd's Revenue for the three months ended in Dec. 2024 was RM10.61 Mil. TXCD Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM16.38 Mil. Hence, TXCD Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 0.65.

TXCD Bhd Receivables Turnover Historical Data

The historical data trend for TXCD 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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TXCD Bhd Receivables Turnover Chart

TXCD Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Jun20

Jun21

Jun24

Receivables Turnover

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2.52

1.94

1.71

3.66

TXCD Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.75	0.66	-	1.12	0.65

Competitive Comparison of TXCD Bhd's Receivables Turnover

For the Engineering & Construction subindustry, TXCD 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.

TXCD Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, TXCD Bhd's Receivables Turnover distribution charts can be found below:

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

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TXCD Bhd Receivables Turnover Calculation

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

TXCD Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	0	/ (	(37.07	+	6.415)	/	2 )
=	0	/	21.7425
=	N/A

TXCD 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 )
=	10.605	/ (	(18.304	+	14.46)	/	2 )
=	10.605	/	16.382
=	0.65

TXCD Bhd (XKLS:7145) 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.

TXCD Bhd Receivables Turnover Related Terms

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TXCD Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » TXCD Bhd (XKLS:7145) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

7145PA.PFD:Malaysia

Address

No.5, Jalan 4/83A, A-17-09, Menara Atlas, Bangsar Trade Centre, Off Jalan Pantai Baru, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.agesonberhad.com

TXCD Bhd, formerly Ageson Bhd operates as an investment holding company. Its principal activities are mainly construction and property development. The company's segments include Construction, which is engaged in construction works and trading; and Property Development, which is engaged in the development of residential and commercial properties. It generates revenue from Malaysia.

TXCD Bhd Headlines

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