Golden Land Bhd (XKLS:7382) Receivables Turnover : 1.27 (As of Dec. 2023)

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What is Golden Land 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. Golden Land Bhd's Revenue for the three months ended in Dec. 2023 was RM43.23 Mil. Golden Land Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM34.04 Mil. Hence, Golden Land Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.27.

Golden Land Bhd Receivables Turnover Historical Data

The historical data trend for Golden Land 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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Golden Land Bhd Receivables Turnover Chart

Golden Land Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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1.62

2.76

8.19

2.16

2.36

Golden Land Bhd Quarterly Data
	Mar19	Jun19	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															1.30	0.50	0.71	0.69	1.27

Competitive Comparison of Golden Land Bhd's Receivables Turnover

For the Real Estate - Development subindustry, Golden Land 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.

Golden Land Bhd's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Golden Land Bhd's Receivables Turnover distribution charts can be found below:

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

Golden Land Bhd Receivables Turnover Calculation

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

Golden Land 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 )
=	83.06	/ (	(43.24	+	27.052)	/	2 )
=	83.06	/	35.146
=	2.36

Golden Land 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 )
=	43.227	/ (	(42.579	+	25.496)	/	2 )
=	43.227	/	34.0375
=	1.27

Golden Land Bhd (XKLS:7382) 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.

Golden Land Bhd Receivables Turnover Related Terms

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Golden Land Bhd (XKLS:7382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Golden Land Bhd (XKLS:7382) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Jalan SS16/1, Empire Tower, A-09-03, Empire Subang, Subang Jaya, SGR, MYS, 47500

Website

https://www.glbhd.com

Golden Land Bhd is an investment holding and provision of management services company. The company's operating segment includes Plantation; Property Development and Others. It generates maximum revenue from the Plantation segment. The Property Development segment is in the business of property developer. Its plantation segment is in the business of cultivation of oil palm. Geographically, it derives a majority of its revenue from Malaysia and also has a presence in Indonesia.

Golden Land Bhd (XKLS:7382) Headlines

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