Techbase Industries Bhd (XKLS:8966) Receivables Turnover : 1.49 (As of Jan. 2025)

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What is Techbase 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. Techbase Industries Bhd's Revenue for the three months ended in Jan. 2025 was RM64.6 Mil. Techbase Industries Bhd's average Accounts Receivable for the three months ended in Jan. 2025 was RM43.3 Mil. Hence, Techbase Industries Bhd's Receivables Turnover for the three months ended in Jan. 2025 was 1.49.

Techbase Industries Bhd Receivables Turnover Historical Data

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

Techbase Industries Bhd Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Receivables Turnover

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5.21

4.76

4.38

3.50

4.54

Techbase Industries Bhd Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Receivables Turnover	Get a 7-Day Free Trial															1.49	0.85	1.19	1.29	1.49

Competitive Comparison of Techbase Industries Bhd's Receivables Turnover

For the Apparel Manufacturing subindustry, Techbase 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.

Techbase Industries Bhd's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Receivables Turnover distribution charts can be found below:

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

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Techbase Industries Bhd Receivables Turnover Calculation

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

Techbase Industries Bhd's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Receivables Turnover (A: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2024 )	/ (	(Accounts Receivable (A: Jul. 2023 )	+	Accounts Receivable (A: Jul. 2024 ))	/	count )
=	183.066	/ (	(54.172	+	26.496)	/	2 )
=	183.066	/	40.334
=	4.54

Techbase Industries Bhd's Receivables Turnover for the quarter that ended in Jan. 2025 is calculated as

	Receivables Turnover (Q: Jan. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2025 )	/ (	(Accounts Receivable (Q: Oct. 2024 )	+	Accounts Receivable (Q: Jan. 2025 ))	/	count )
=	64.612	/ (	(31.896	+	54.622)	/	2 )
=	64.612	/	43.259
=	1.49

Techbase Industries Bhd (XKLS:8966) 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.

Techbase Industries Bhd Receivables Turnover Related Terms

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Techbase Industries Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Techbase Industries Bhd (XKLS:8966) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 94657, Batu 6, Jalan Mersing, Kluang, JHR, MYS, 86000

Website

https://www.techbaseindustries.com

Techbase Industries Bhd is engaged in Apparel Manufacturing and Textile industry. Its apparel section includes products such as outerwear, tops and bottoms, children and adult wear. The company has four reportable operating segments Apparels, Textile, Advertising and Others. The majority of revenue is earned from apparels segment.

Techbase Industries Bhd Headlines

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