Press Metal Aluminium Holdings Bhd (XKLS:8869) Receivables Turnover : 2.58 (As of Dec. 2024)

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What is Press Metal Aluminium 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. Press Metal Aluminium Holdings Bhd's Revenue for the three months ended in Dec. 2024 was RM3,560 Mil. Press Metal Aluminium Holdings Bhd's average Accounts Receivable for the three months ended in Dec. 2024 was RM1,382 Mil. Hence, Press Metal Aluminium Holdings Bhd's Receivables Turnover for the three months ended in Dec. 2024 was 2.58.

Press Metal Aluminium Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Press Metal Aluminium 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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Press Metal Aluminium Holdings Bhd Receivables Turnover Chart

Press Metal Aluminium Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.57

10.16

10.53

9.55

10.67

Press Metal Aluminium Holdings 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															2.86	2.87	3.00	2.76	2.58

Competitive Comparison of Press Metal Aluminium Holdings Bhd's Receivables Turnover

For the Aluminum subindustry, Press Metal Aluminium 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.

Press Metal Aluminium Holdings Bhd's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Press Metal Aluminium Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Press Metal Aluminium Holdings Bhd Receivables Turnover Calculation

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

Press Metal Aluminium Holdings Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	14909.565	/ (	(1325.807	+	1469.613)	/	2 )
=	14909.565	/	1397.71
=	10.67

Press Metal Aluminium Holdings 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 )
=	3560.046	/ (	(1293.942	+	1469.613)	/	2 )
=	3560.046	/	1381.7775
=	2.58

Press Metal Aluminium Holdings Bhd (XKLS:8869) 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.

Press Metal Aluminium Holdings Bhd Receivables Turnover Related Terms

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Press Metal Aluminium Holdings Bhd Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 2, Jalan Setia Prima S U13/S, Suite 61 & 62, Setia Avenue, Setia Alam Seksyen U13, Shah Alam, MYS, 40170

Website

https://www.pressmetal.com

Press Metal Aluminium Holdings Bhd manufactures and sells extruded aluminum and other aluminum products to customers worldwide. The company operates in two segments based on function. The Smelting and extrusion segment, which generates the vast majority of revenue, purchases aluminum scrap and produces extruded aluminum and aluminum alloys for industrial customers. The Trading segment markets aluminum products. Press Metal has two customers that each account for over 10% of the firm's revenue. The majority of Press Metal's revenue comes from Asia and Europe.

Press Metal Aluminium Holdings Bhd Headlines

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