MESB Bhd (XKLS:7234) Receivables Turnover : 2.35 (As of Dec. 2023)

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What is MESB 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. MESB Bhd's Revenue for the three months ended in Dec. 2023 was RM48.9 Mil. MESB Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM20.8 Mil. Hence, MESB Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 2.35.

MESB Bhd Receivables Turnover Historical Data

The historical data trend for MESB 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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MESB Bhd Receivables Turnover Chart

MESB Bhd Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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6.04

6.84

5.68

4.81

5.64

MESB Bhd Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.66	1.60	1.85	1.77	2.35

Competitive Comparison of MESB Bhd's Receivables Turnover

For the Apparel Retail subindustry, MESB 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.

MESB Bhd's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MESB Bhd's Receivables Turnover distribution charts can be found below:

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

MESB Bhd Receivables Turnover Calculation

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

MESB 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 )
=	159.187	/ (	(35.13	+	21.289)	/	2 )
=	159.187	/	28.2095
=	5.64

MESB 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 )
=	48.893	/ (	(16.576	+	25.094)	/	2 )
=	48.893	/	20.835
=	2.35

MESB Bhd (XKLS:7234) 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.

MESB Bhd Receivables Turnover Related Terms

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MESB Bhd (XKLS:7234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MESB Bhd (XKLS:7234) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 1903A, 1st Floor, Jalan KPB7, Kawasan Perindustrian Kg. Baru Balakong, Seri Kembangan, SGR, MYS, 43300

Website

http://www.mesbbhd.com

MESB Bhd is an investment holding company. The company segment includes Retailing; Investment holding and Waste recycling. It generates maximum revenue from the Retailing segment. The retailing segment is involved in the trading and retailing of leather products, apparel, and accessories. The investment holding segment is involved in investment holding, and the Waste recycling segment is involved in the waste recycling business.

MESB Bhd (XKLS:7234) Headlines

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