Pesona Metro Holdings Bhd (XKLS:8311) Receivables Turnover : 0.59 (As of Sep. 2023)

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What is Pesona Metro Holdings 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. Pesona Metro Holdings Bhd's Revenue for the three months ended in Sep. 2023 was RM155.4 Mil. Pesona Metro Holdings Bhd's average Accounts Receivable for the three months ended in Sep. 2023 was RM265.5 Mil. Hence, Pesona Metro Holdings Bhd's Receivables Turnover for the three months ended in Sep. 2023 was 0.59.

Pesona Metro Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Pesona Metro Holdings 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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Pesona Metro Holdings Bhd Receivables Turnover Chart

Pesona Metro Holdings Bhd Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.75

3.32

2.89

2.28

1.56

Pesona Metro Holdings Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.38	0.25	0.57	0.53	0.59

Competitive Comparison of Pesona Metro Holdings Bhd's Receivables Turnover

For the Engineering & Construction subindustry, Pesona Metro Holdings 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.

Pesona Metro Holdings Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Pesona Metro Holdings Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pesona Metro Holdings Bhd's Receivables Turnover falls into.

Pesona Metro Holdings Bhd Receivables Turnover Calculation

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

Pesona Metro Holdings 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: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	350.482	/ (	(273.038	+	177.241)	/	2 )
=	350.482	/	225.1395
=	1.56

Pesona Metro Holdings 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 )
=	155.382	/ (	(223.939	+	307.159)	/	2 )
=	155.382	/	265.549
=	0.59

Pesona Metro Holdings Bhd (XKLS:8311) 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.

Pesona Metro Holdings Bhd Receivables Turnover Related Terms

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Pesona Metro Holdings Bhd (XKLS:8311) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Pesona Metro Holdings Bhd (XKLS:8311) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39, Jalan SB Indah 1/19, Taman Sungai Besi Indah, Seri Kembangan, SGR, MYS, 43300

Website

https://www.pesona.com.my

Pesona Metro Holdings Bhd is an investment holding company that is involved in activities of civil engineering, building construction, river rehabilitation and beautification, the manufacturing-cum-trading of building-related materials, and concessionaire activities. It operates through the segments of Construction works segment, which is the key revenue driver that includes construction of building, infrastructure and project planning cum implementation contractor. The Manufacturing and trading of the polyurethane segment involve the manufacturing and trading of polyurethane and building system. The Concession segment engages in the maintenance service of the Student Hostel. The Investment holding segment engages in investment holding. Its activities are carried out within Malaysia.

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