Teck Guan Perdana Bhd (XKLS:7439) Receivables Turnover : 3.10 (As of Oct. 2023)

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What is Teck Guan Perdana 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. Teck Guan Perdana Bhd's Revenue for the three months ended in Oct. 2023 was RM91.3 Mil. Teck Guan Perdana Bhd's average Accounts Receivable for the three months ended in Oct. 2023 was RM29.5 Mil. Hence, Teck Guan Perdana Bhd's Receivables Turnover for the three months ended in Oct. 2023 was 3.10.

Teck Guan Perdana Bhd Receivables Turnover Historical Data

The historical data trend for Teck Guan Perdana 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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Teck Guan Perdana Bhd Receivables Turnover Chart

Teck Guan Perdana Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Receivables Turnover

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88.29

12.08

20.36

12.40

11.02

Teck Guan Perdana Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Receivables Turnover	Get a 7-Day Free Trial															2.04	1.85	1.95	1.60	3.10

Competitive Comparison of Teck Guan Perdana Bhd's Receivables Turnover

For the Packaged Foods subindustry, Teck Guan Perdana 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.

Teck Guan Perdana Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Teck Guan Perdana Bhd's Receivables Turnover falls into.

Teck Guan Perdana Bhd Receivables Turnover Calculation

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

Teck Guan Perdana Bhd's Receivables Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Receivables Turnover (A: Jan. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2023 )	/ (	(Accounts Receivable (A: Jan. 2022 )	+	Accounts Receivable (A: Jan. 2023 ))	/	count )
=	489.665	/ (	(77.191	+	11.649)	/	2 )
=	489.665	/	44.42
=	11.02

Teck Guan Perdana Bhd's Receivables Turnover for the quarter that ended in Oct. 2023 is calculated as

	Receivables Turnover (Q: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2023 )	/ (	(Accounts Receivable (Q: Jul. 2023 )	+	Accounts Receivable (Q: Oct. 2023 ))	/	count )
=	91.253	/ (	(7.506	+	51.438)	/	2 )
=	91.253	/	29.472
=	3.10

Teck Guan Perdana Bhd (XKLS:7439) 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.

Teck Guan Perdana Bhd Receivables Turnover Related Terms

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Teck Guan Perdana Bhd (XKLS:7439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Teck Guan Perdana Bhd (XKLS:7439) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

318, Teck Guan Regency, Jalan St. Patrick, Off Jalan Belunu, Tawau, SBH, MYS, 91000

Website

http://www.teckguan.com/tgp

Teck Guan Perdana Bhd is engaged in the production of palm oil and cocoa. The company's business activities include the sale of plantation produce, crude palm kernel oil, palm kernel expeller, trading of palm oil-related products, the sale of cocoa products, and dried cocoa beans. It sells its products to international buyers which include Nestle, Cadbury, M&M Mars, Gerkens, and EDF & Man. Its segments include Cocoa products which processes, and sells cocoa butter, cocoa powder and other cocoa products, and the export of trading produce; Oil palm products which derive the majority revenue operate oil palm plantations, the operation of kernel crushing plant; and the Corporate segment that includes group-level corporate service and treasury functions.

Teck Guan Perdana Bhd (XKLS:7439) Headlines

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