S P Setia Bhd (XKLS:8664PB.PFD) Receivables Turnover : 1.97 (As of Dec. 2023)

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What is S P Setia 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. S P Setia Bhd's Revenue for the three months ended in Dec. 2023 was RM1,383.82 Mil. S P Setia Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM701.18 Mil. Hence, S P Setia Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.97.

S P Setia Bhd Receivables Turnover Historical Data

The historical data trend for S P Setia 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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S P Setia Bhd Receivables Turnover Chart

S P Setia Bhd Annual Data

Trend

Oct13

Oct14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.08

4.11

4.74

6.59

5.68

S P Setia Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.90	1.77	1.96	2.25	1.97

Competitive Comparison of S P Setia Bhd's Receivables Turnover

For the Real Estate - Development subindustry, S P Setia 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.

S P Setia Bhd's Receivables Turnover Distribution in the Real Estate Industry

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

* The bar in red indicates where S P Setia Bhd's Receivables Turnover falls into.

S P Setia Bhd Receivables Turnover Calculation

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

S P Setia 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 )
=	4373.642	/ (	(613.491	+	926.137)	/	2 )
=	4373.642	/	769.814
=	5.68

S P Setia Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1383.815	/ (	(476.213	+	926.137)	/	2 )
=	1383.815	/	701.175
=	1.97

S P Setia Bhd (XKLS:8664PB.PFD) 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.

S P Setia Bhd Receivables Turnover Related Terms

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S P Setia Bhd (XKLS:8664PB.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » S P Setia Bhd (XKLS:8664PB.PFD) » Definitions » Receivables Turnover

Traded in Other Exchanges

8664PA.PFD:Malaysia 8664:Malaysia

Address

12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, S P Setia Berhad Corporate HQ, Shah Alam, MYS, 40170

Website

https://www.spsetia.com

S P Setia Bhd is a general real estate company that reports in three segments: Property Development, Construction, and Other operations. The vast majority of Setia's revenue is generated by its property development business, which focuses on developing residential and commercial facilities, followed by its construction segment. Setia's construction segment focuses on building and highway construction. The company considers merger and acquisition investment as a component of its operational growth strategy.

S P Setia Bhd (XKLS:8664PB.PFD) Headlines

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