Lotus KFM Bhd (XKLS:8303) Receivables Turnover : 1.87 (As of Dec. 2024)

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What is Lotus KFM 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. Lotus KFM Bhd's Revenue for the three months ended in Dec. 2024 was RM11.84 Mil. Lotus KFM Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM6.34 Mil. Hence, Lotus KFM Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 1.87.

Lotus KFM Bhd Receivables Turnover Historical Data

The historical data trend for Lotus KFM 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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Lotus KFM Bhd Receivables Turnover Chart

Lotus KFM Bhd Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Receivables Turnover

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8.59

8.31

9.67

8.31

7.94

Lotus KFM Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.81	1.83	1.79	2.08	1.87

Competitive Comparison of Lotus KFM Bhd's Receivables Turnover

For the Packaged Foods subindustry, Lotus KFM 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.

Lotus KFM Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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

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Lotus KFM Bhd Receivables Turnover Calculation

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

Lotus KFM Bhd's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	50.7	/ (	(6.357	+	6.411)	/	2 )
=	50.7	/	6.384
=	7.94

Lotus KFM 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 )
=	11.843	/ (	(6.411	+	6.269)	/	2 )
=	11.843	/	6.34
=	1.87

Lotus KFM Bhd (XKLS:8303) 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.

Lotus KFM Bhd Receivables Turnover Related Terms

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Lotus KFM Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lotus KFM Bhd (XKLS:8303) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Lebuh IRC, Unit T2-L3-1 and 3, Level 3 IOI City Tower Two, IOI Resort City, Putrajaya, SGR, MYS, 62502

Website

https://www.kfmb.com.my

Lotus KFM Bhd is engaged in flour milling and trading in its related products. The two main sources of revenue comprise Wheat Flour and Trading of Tapioca Flour and Cornflour. Some of its Pre-Mix products are Easimix Golden Sponge, Easimix Butter, Easimix Potato, Golden Sponge Mix, and Easimix Light Wholemeal. Its Business segments include: Flour milling and trading segment, which includes Flour milling and trading Flour milling and trading of flour, starch and chemical; and Plantation segment, which includes Investment holding and plantation activities. The company derives maximum revenue from Flour milling and trading segment.

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