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IRM Group Bhd (XKLS:7220) Receivables Turnover : 9.11 (As of Mar. 2015)


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What is IRM 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. IRM Group Bhd's Revenue for the three months ended in Mar. 2015 was RM0.32 Mil. IRM Group Bhd's average Accounts Receivable for the three months ended in Mar. 2015 was RM0.04 Mil. Hence, IRM Group Bhd's Receivables Turnover for the three months ended in Mar. 2015 was 9.11.


IRM Group Bhd Receivables Turnover Historical Data

The historical data trend for IRM 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.

* Premium members only.

IRM Group Bhd Receivables Turnover Chart

IRM Group Bhd Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 14.29 10.52 11.05 3.56 15.45

IRM Group Bhd Quarterly Data
Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 4.39 1.70 1.25 9.11

Competitive Comparison of IRM Group Bhd's Receivables Turnover

For the Chemicals subindustry, IRM 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.


IRM Group Bhd's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, IRM Group Bhd's Receivables Turnover distribution charts can be found below:

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



IRM Group Bhd Receivables Turnover Calculation

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

IRM Group Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2014 is calculated as

Receivables Turnover (A: Dec. 2014 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2014 ) / ((Accounts Receivable (A: Dec. 2013 ) + Accounts Receivable (A: Dec. 2014 )) / count )
=2.062 / ((0.232 + 0.035) / 2 )
=2.062 / 0.1335
=15.45

IRM Group Bhd's Receivables Turnover for the quarter that ended in Mar. 2015 is calculated as

Receivables Turnover (Q: Mar. 2015 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2015 ) / ((Accounts Receivable (Q: Dec. 2014 ) + Accounts Receivable (Q: Mar. 2015 )) / count )
=0.319 / ((0.035 + 0) / 1 )
=0.319 / 0.035
=9.11

* 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.


IRM Group Bhd  (XKLS:7220) 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.


IRM Group Bhd Receivables Turnover Related Terms

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IRM Group Bhd (XKLS:7220) Business Description

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IRM Group Bhd is an investment holding company. The Company is engaged in the business of manufacturing and selling of polyvinyl chloride resins and compounds, as well as plastic products such as sheeting and pipes.

IRM Group Bhd (XKLS:7220) Headlines

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