Hil Industries Bhd (XKLS:8443) Receivables Turnover : 1.51 (As of Mar. 2024)

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What is Hil Industries 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. Hil Industries Bhd's Revenue for the three months ended in Mar. 2024 was RM63.1 Mil. Hil Industries Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM41.7 Mil. Hence, Hil Industries Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.51.

Hil Industries Bhd Receivables Turnover Historical Data

The historical data trend for Hil Industries 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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Hil Industries Bhd Receivables Turnover Chart

Hil Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.79

6.44

3.73

3.92

8.14

Hil Industries 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															1.00	0.94	1.29	1.92	1.51

Competitive Comparison of Hil Industries Bhd's Receivables Turnover

For the Metal Fabrication subindustry, Hil Industries 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.

Hil Industries Bhd's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hil Industries Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hil Industries Bhd's Receivables Turnover falls into.

Hil Industries Bhd Receivables Turnover Calculation

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

Hil Industries 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 )
=	212.063	/ (	(30.316	+	21.769)	/	2 )
=	212.063	/	26.0425
=	8.14

Hil Industries 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 )
=	63.078	/ (	(21.769	+	61.675)	/	2 )
=	63.078	/	41.722
=	1.51

Hil Industries Bhd (XKLS:8443) 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.

Hil Industries Bhd Receivables Turnover Related Terms

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Hil Industries Bhd (XKLS:8443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hil Industries Bhd (XKLS:8443) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 3, Jalan Lada Sulah 16/11, Section 16, Shah Alam, SGR, MYS, 40000

Website

https://www.hil.com.my

Hil Industries Bhd is a manufacturer and seller of industrial and domestic moulded plastic products. The company's reportable segment include: Manufacturing; Property development and management; and Trading, services and others. The Manufacturing segment engages in the manufacture and sale of industrial and domestic moulded plastic products. The Property development and management segment is involved in the development of residential, commercial and light industrial properties, and letting out of properties and provision of property management services. Trading, services and others segment includes general trading. The company generates key revenue from the Manufacturing segment. It has a business presence in Malaysia, the PRC and Taiwan.

Hil Industries Bhd (XKLS:8443) Headlines

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