ARB IOT Group (ARB IOT Group) Receivables Turnover : 0.90 (As of Dec. 2023)

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What is ARB IOT Group 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. ARB IOT Group's Revenue for the six months ended in Dec. 2023 was $6.79 Mil. ARB IOT Group's average Accounts Receivable for the six months ended in Dec. 2023 was $7.58 Mil. Hence, ARB IOT Group's Receivables Turnover for the six months ended in Dec. 2023 was 0.90.

ARB IOT Group Receivables Turnover Historical Data

The historical data trend for ARB IOT Group'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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ARB IOT Group Receivables Turnover Chart

ARB IOT Group Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

2.13

7.01

2.78

ARB IOT Group Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			7.13	2.68	1.24	1.40	0.90

Competitive Comparison of ARB IOT Group's Receivables Turnover

For the Information Technology Services subindustry, ARB IOT Group'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.

ARB IOT Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, ARB IOT Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ARB IOT Group's Receivables Turnover falls into.

ARB IOT Group Receivables Turnover Calculation

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

ARB IOT Group'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 )
=	52.295	/ (	(22.993	+	14.57)	/	2 )
=	52.295	/	18.7815
=	2.78

ARB IOT Group'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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	6.789	/ (	(14.57	+	0.58)	/	2 )
=	6.789	/	7.575
=	0.90

ARB IOT Group (NAS:ARBB) 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.

ARB IOT Group Receivables Turnover Related Terms

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ARB IOT Group (ARB IOT Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ARB IOT Group Ltd (NAS:ARBB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Persiaran Puchong Jaya Selatan, 2nd Floor-09, Pusat Perdagangan IOI, Bandar Puchong Jaya, Puchong, SGR, MYS, 47100

Website

https://www.arbiotgroup.com

ARB IOT Group Ltd is engaged in provision of hardware and software of Internet of Things solutions to meet customers' demand in four business lines, which are IoT Smart Home and Buildings, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. The company delivers holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. The company has two operating segments: Internet of Things ('IoT') and Investment holding and others. It earns its maximum profit from the Internet of Things segment.

ARB IOT Group (ARB IOT Group) Headlines

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