Mah Sing Group Bhd (XKLS:8583) Receivables Turnover : 1.00 (As of Sep. 2024)

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What is Mah Sing Group 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. Mah Sing Group Bhd's Revenue for the three months ended in Sep. 2024 was RM639 Mil. Mah Sing Group Bhd's average Accounts Receivable for the three months ended in Sep. 2024 was RM636 Mil. Hence, Mah Sing Group Bhd's Receivables Turnover for the three months ended in Sep. 2024 was 1.00.

Mah Sing Group Bhd Receivables Turnover Historical Data

The historical data trend for Mah Sing Group 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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Mah Sing Group Bhd Receivables Turnover Chart

Mah Sing Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.20

3.35

3.79

4.62

Mah Sing Group 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															0.81	1.06	1.14	1.00	1.00

Competitive Comparison of Mah Sing Group Bhd's Receivables Turnover

For the Real Estate - Development subindustry, Mah Sing Group 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.

Mah Sing Group Bhd's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where Mah Sing Group Bhd's Receivables Turnover falls into.

Mah Sing Group Bhd Receivables Turnover Calculation

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

Mah Sing Group 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 )
=	2603.212	/ (	(677.783	+	449.43)	/	2 )
=	2603.212	/	563.6065
=	4.62

Mah Sing Group 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 )
=	639.285	/ (	(630.976	+	641.48)	/	2 )
=	639.285	/	636.228
=	1.00

Mah Sing Group Bhd (XKLS:8583) 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.

Mah Sing Group Bhd Receivables Turnover Related Terms

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Mah Sing Group Bhd Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 163, Jalan Sungai Besi, Penthouse Suite 1, Wisma Mah Sing, Kuala Lumpur, SGR, MYS, 57100

Website

https://www.mahsing.com.my

Mah Sing Group Bhd is a Malaysia-based company that is mainly engaged in three segments: Property, Manufacturing, and Investment Holding and others. The property segment, which accounts for the majority of the company's sales, invests in and develops residential, commercial, and industrial properties. The Manufacturing segment manufactures and trading of a range of plastic molded products and gloves. The investment holding and others segment is engaged in the provision of management and property support services, construction of residential properties, provision of hospitality management services, and trading of building materials. It has a geographic presence in Malaysia, Indonesia, Singapore, Thailand, and others.

Mah Sing Group Bhd Headlines

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