Rex Industry Bhd (XKLS:9946) Receivables Turnover : 1.21 (As of Mar. 2024)

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What is Rex Industry 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. Rex Industry Bhd's Revenue for the three months ended in Mar. 2024 was RM35.6 Mil. Rex Industry Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM29.4 Mil. Hence, Rex Industry Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.21.

Rex Industry Bhd Receivables Turnover Historical Data

The historical data trend for Rex Industry 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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Rex Industry Bhd Receivables Turnover Chart

Rex Industry Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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4.68

4.95

5.18

4.75

5.15

Rex Industry Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.00	1.17	1.28	1.04	1.21

Competitive Comparison of Rex Industry Bhd's Receivables Turnover

For the Packaged Foods subindustry, Rex Industry 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.

Rex Industry Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Rex Industry Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Rex Industry Bhd's Receivables Turnover falls into.

Rex Industry Bhd Receivables Turnover Calculation

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

Rex Industry Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	162.408	/ (	(34.409	+	28.67)	/	2 )
=	162.408	/	31.5395
=	5.15

Rex Industry Bhd's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	35.603	/ (	(27.329	+	31.431)	/	2 )
=	35.603	/	29.38
=	1.21

Rex Industry Bhd (XKLS:9946) 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.

Rex Industry Bhd Receivables Turnover Related Terms

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Rex Industry Bhd (XKLS:9946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rex Industry Bhd (XKLS:9946) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 126, Jalan Perindustrian, Bukit Minyak 5, Seberang Perai Tengah, Simpang Ampat, PNG, MYS, 14100

Website

http://www.rexmalaysia.com

Rex Industry Bhd is the manufacturer and distributor of canned food, beverage and confectionary products. It is engaged in the production of halal canned products, frozen food, and beverages in Malaysia. The company and its subsidiaries are also involved in the manufacturing of biscuits, trading of canned food, drinks, and shelf-stable convenience food. It also exports canned processed seafood. The company operates in four principal geographical areas which include Malaysia, the United States of America, Europe, and Asia.

Rex Industry Bhd (XKLS:9946) Headlines

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