WCT Holdings Bhd (XKLS:9679) Receivables Turnover : 0.59 (As of Sep. 2024)

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What is WCT 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. WCT Holdings Bhd's Revenue for the three months ended in Sep. 2024 was RM437 Mil. WCT Holdings Bhd's average Accounts Receivable for the three months ended in Sep. 2024 was RM737 Mil. Hence, WCT Holdings Bhd's Receivables Turnover for the three months ended in Sep. 2024 was 0.59.

WCT Holdings Bhd Receivables Turnover Historical Data

The historical data trend for WCT 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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WCT Holdings Bhd Receivables Turnover Chart

WCT Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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2.33

2.45

2.24

2.57

2.19

WCT Holdings 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															0.52	0.43	0.60	0.50	0.59

Competitive Comparison of WCT Holdings Bhd's Receivables Turnover

For the Engineering & Construction subindustry, WCT 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.

WCT Holdings Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, WCT Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

WCT Holdings Bhd Receivables Turnover Calculation

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

WCT Holdings 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 )
=	1713.792	/ (	(757.728	+	808.373)	/	2 )
=	1713.792	/	783.0505
=	2.19

WCT Holdings 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 )
=	437.458	/ (	(754.197	+	719.106)	/	2 )
=	437.458	/	736.6515
=	0.59

WCT Holdings Bhd (XKLS:9679) 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.

WCT Holdings Bhd Receivables Turnover Related Terms

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WCT Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WCT Holdings Bhd (XKLS:9679) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 1, Jalan SS7/26A, B-30-01, The Ascent, Paradigm, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301

Website

https://www.wct.com.my

WCT Holdings Bhd is an investment holding company that provides management services to subsidiaries, joint ventures, and associates. It has three segments; the engineering and construction segment includes engineering works specializing in earthworks, highway construction, and related infrastructure works, the property development segment includes the development of residential and commercial properties; and the property investment and management segment includes holding and management of assets for capital appreciation and rental income. Geographically, the group operates in the region of Malaysia, the Middle East, India, and Others. It derives a majority of its revenue through the engineering and construction segment.

WCT Holdings Bhd Headlines

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