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Artroniq Bhd (XKLS:0038) Receivables Turnover : 0.30 (As of Dec. 2023)


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What is Artroniq 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. Artroniq Bhd's Revenue for the three months ended in Dec. 2023 was RM15.37 Mil. Artroniq Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM51.38 Mil. Hence, Artroniq Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 0.30.


Artroniq Bhd Receivables Turnover Historical Data

The historical data trend for Artroniq 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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Artroniq Bhd Receivables Turnover Chart

Artroniq Bhd Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.11 4.89 4.76 15.58 53.70

Artroniq Bhd Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.68 1.46 0.26 0.33 0.30

Competitive Comparison of Artroniq Bhd's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Artroniq 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.


Artroniq Bhd's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Artroniq Bhd's Receivables Turnover distribution charts can be found below:

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



Artroniq Bhd Receivables Turnover Calculation

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

Artroniq Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Receivables Turnover (A: Dec. 2020 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2020 ) / ((Accounts Receivable (A: Dec. 2019 ) + Accounts Receivable (A: Dec. 2020 )) / count )
=167.583 / ((2.255 + 3.987) / 2 )
=167.583 / 3.121
=53.70

Artroniq Bhd's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=15.37 / ((47.778 + 54.989) / 2 )
=15.37 / 51.3835
=0.30

* 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.


Artroniq Bhd  (XKLS:0038) 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.


Artroniq Bhd Receivables Turnover Related Terms

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Artroniq Bhd (XKLS:0038) Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Jalan Pelukis U1/46B, Kawasan Perindustrian Temasya 18, Glenmarie, Shah Alam, SGR, MYS, 40150
Artroniq Bhd is an investment holding company. It operates in five segments: Trading of information and communication technology ('ICT') products; ICT-related services; Finance and investment consultation services; Management services; and Semiconductor. It generates maximum revenue from Trading of ICT products. The company operates in Malaysia, Asia, the Middle East, America, and others.

Artroniq Bhd (XKLS:0038) Headlines

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