Majuperak Holdings Bhd (XKLS:8141) Receivables Turnover : 2.16 (As of Mar. 2024)

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What is Majuperak Holdings 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. Majuperak Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM5.75 Mil. Majuperak Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM2.66 Mil. Hence, Majuperak Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 2.16.

Majuperak Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Majuperak Holdings 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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Majuperak Holdings Bhd Receivables Turnover Chart

Majuperak Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.58

5.92

4.02

7.37

9.43

Majuperak Holdings 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															3.20	3.38	2.86	2.11	2.16

Competitive Comparison of Majuperak Holdings Bhd's Receivables Turnover

For the Real Estate - Diversified subindustry, Majuperak Holdings 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.

Majuperak Holdings Bhd's Receivables Turnover Distribution in the Real Estate Industry

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

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

Majuperak Holdings Bhd Receivables Turnover Calculation

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

Majuperak Holdings 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 )
=	20.446	/ (	(1.804	+	2.534)	/	2 )
=	20.446	/	2.169
=	9.43

Majuperak Holdings 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 )
=	5.748	/ (	(2.534	+	2.779)	/	2 )
=	5.748	/	2.6565
=	2.16

Majuperak Holdings Bhd (XKLS:8141) 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.

Majuperak Holdings Bhd Receivables Turnover Related Terms

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Majuperak Holdings Bhd (XKLS:8141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Majuperak Holdings Bhd (XKLS:8141) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Sultan Nazrin Shah, Aras 1, Bazar Ipoh, Ipoh, PRK, MYS, 31350

Website

https://www.majuperak.com.my

Majuperak Holdings Bhd is a Malaysian-based investment holding company. It is principally engaged in property development in the State of Perak. It is also involved in the provision of management contract services. The company operates through three business segments, namely the Property Development segment and Property & Facilities Management segment. The entity generates a majority of its revenue from the Property development segment. Geographically the company offers its services only to the Malaysian market.

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