EVD Bhd (XKLS:0174) Receivables Turnover : 0.36 (As of Sep. 2023)

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What is EVD 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. EVD Bhd's Revenue for the three months ended in Sep. 2023 was RM11.04 Mil. EVD Bhd's average Accounts Receivable for the three months ended in Sep. 2023 was RM30.34 Mil. Hence, EVD Bhd's Receivables Turnover for the three months ended in Sep. 2023 was 0.36.

EVD Bhd Receivables Turnover Historical Data

The historical data trend for EVD 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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EVD Bhd Receivables Turnover Chart

EVD Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Jun18

Jun19

Jun20

Jun21

Dec22

Receivables Turnover

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4.07

4.19

4.39

4.08

EVD Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.21	0.82	0.44	0.27	0.36

Competitive Comparison of EVD Bhd's Receivables Turnover

For the Software - Application subindustry, EVD 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.

EVD Bhd's Receivables Turnover Distribution in the Software Industry

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

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

EVD Bhd Receivables Turnover Calculation

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

EVD Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	95.999	/ (	(2.53	+	44.498)	/	2 )
=	95.999	/	23.514
=	4.08

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

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	11.042	/ (	(32.2	+	28.482)	/	2 )
=	11.042	/	30.341
=	0.36

EVD Bhd (XKLS:0174) 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.

EVD Bhd Receivables Turnover Related Terms

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EVD Bhd (XKLS:0174) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EVD Bhd (XKLS:0174) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Jalan Kajibumi U1/70, Kawasan Perindustrian Temasya, Shah Alam, SGR, MYS, 40150

Website

https://www.evd-berhad.com

EVD Bhd is an investment holding company. It operates through three main reportable segments: Transportation which is involved in the service rendered under railway and highway industries. Healthcare segment is involved in the service rendered in the hospitality industry. All other segment is involved in the investment holding and service and maintenance. The majority of the revenue was generated from the Transportation segment.

EVD Bhd (XKLS:0174) Headlines

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