Magna Prima Bhd (XKLS:7617) Receivables Turnover : 22.46 (As of Sep. 2024)

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What is Magna Prima 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. Magna Prima Bhd's Revenue for the three months ended in Sep. 2024 was RM10.92 Mil. Magna Prima Bhd's average Accounts Receivable for the three months ended in Sep. 2024 was RM0.49 Mil. Hence, Magna Prima Bhd's Receivables Turnover for the three months ended in Sep. 2024 was 22.46.

Magna Prima Bhd Receivables Turnover Historical Data

The historical data trend for Magna Prima 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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Magna Prima Bhd Receivables Turnover Chart

Magna Prima Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.87

7.71

2.77

5.82

1.79

Magna Prima Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															8.62	1.76	-	87.83	22.46

Competitive Comparison of Magna Prima Bhd's Receivables Turnover

For the Real Estate - Development subindustry, Magna Prima 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.

Magna Prima Bhd's Receivables Turnover Distribution in the Real Estate Industry

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

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

Magna Prima Bhd Receivables Turnover Calculation

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

Magna Prima 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 )
=	46	/ (	(26.819	+	24.531)	/	2 )
=	46	/	25.675
=	1.79

Magna Prima Bhd's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	10.916	/ (	(0.485	+	0.487)	/	2 )
=	10.916	/	0.486
=	22.46

Magna Prima Bhd (XKLS:7617) 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.

Magna Prima Bhd Receivables Turnover Related Terms

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Magna Prima Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Magna Prima Bhd (XKLS:7617) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Lot 4.01, Level 4, Jalan Pahat L 15/L, Seksyen 15, IDCC Corporate Tower, Shah Alam, MYS, 40200

Website

https://www.magnaprima.com.my

Magna Prima Bhd is an investment holding company. Through its subsidiaries, the company provides a diverse range of property development, building construction, trading, and management services. The group focuses on purchasing and developing pocket-sized landbanks high-density areas. Its reportable segments include Properties; Construction and Engineering; and Investment. The company generates most of its revenue from the Properties segment. Geographically, the group operates in Malaysia and Australia, of which key revenue is derived from Malaysia.

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