LB Aluminium Bhd (XKLS:9326) Receivables Turnover : 1.91 (As of Jan. 2024)

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What is LB Aluminium 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. LB Aluminium Bhd's Revenue for the three months ended in Jan. 2024 was RM254.4 Mil. LB Aluminium Bhd's average Accounts Receivable for the three months ended in Jan. 2024 was RM133.2 Mil. Hence, LB Aluminium Bhd's Receivables Turnover for the three months ended in Jan. 2024 was 1.91.

LB Aluminium Bhd Receivables Turnover Historical Data

The historical data trend for LB Aluminium 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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LB Aluminium Bhd Receivables Turnover Chart

LB Aluminium Bhd Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Receivables Turnover

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4.76

4.70

5.19

5.31

6.07

LB Aluminium Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.48	1.79	1.79	1.73	1.91

Competitive Comparison of LB Aluminium Bhd's Receivables Turnover

For the Aluminum subindustry, LB Aluminium 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.

LB Aluminium Bhd's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

LB Aluminium Bhd Receivables Turnover Calculation

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

LB Aluminium Bhd's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Receivables Turnover (A: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2023 )	/ (	(Accounts Receivable (A: Apr. 2022 )	+	Accounts Receivable (A: Apr. 2023 ))	/	count )
=	777.777	/ (	(143.507	+	112.836)	/	2 )
=	777.777	/	128.1715
=	6.07

LB Aluminium Bhd's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	254.422	/ (	(139.456	+	126.951)	/	2 )
=	254.422	/	133.2035
=	1.91

LB Aluminium Bhd (XKLS:9326) 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.

LB Aluminium Bhd Receivables Turnover Related Terms

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LB Aluminium Bhd (XKLS:9326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LB Aluminium Bhd (XKLS:9326) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Lot 11, Jalan Perusahaan 1, Kawasan Perusahaan Beranang, Semenyih, Beranang, SGR, MYS, 43700

Website

https://www.lbalum.com

LB Aluminium Bhd is engaged in the business of manufacturing, marketing, and trading aluminum extrusions. The company reports in two segments that are Aluminium and Property development. Their product acts as a raw material for transport, construction, consumer goods, packaging as well as electrical engineering due to its lightweight, excellent conductor of electricity, and durability in nature. Some of its products and services include Aluminium Extrusion, Aluminium Sheets / Coil, Fitting and accessories, Extrusion Presses, and Anodising. Its geographical segments include Malaysia, Singapore, North America, and Others.

LB Aluminium Bhd (XKLS:9326) Headlines

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