Digistar Bhd (XKLS:0029) Receivables Turnover : 1.09 (As of Jun. 2024)

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What is Digistar 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. Digistar Bhd's Revenue for the three months ended in Jun. 2024 was RM12.30 Mil. Digistar Bhd's average Accounts Receivable for the three months ended in Jun. 2024 was RM11.24 Mil. Hence, Digistar Bhd's Receivables Turnover for the three months ended in Jun. 2024 was 1.09.

Digistar Bhd Receivables Turnover Historical Data

The historical data trend for Digistar 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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Digistar Bhd Receivables Turnover Chart

Digistar Bhd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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1.46

1.32

1.98

2.59

2.35

Digistar Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.80	0.64	0.59	0.72	1.09

Competitive Comparison of Digistar Bhd's Receivables Turnover

For the Conglomerates subindustry, Digistar 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.

Digistar Bhd's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Digistar Bhd's Receivables Turnover distribution charts can be found below:

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

Digistar Bhd Receivables Turnover Calculation

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

Digistar Bhd's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	47.613	/ (	(19.554	+	21.004)	/	2 )
=	47.613	/	20.279
=	2.35

Digistar Bhd's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	12.296	/ (	(12.208	+	10.264)	/	2 )
=	12.296	/	11.236
=	1.09

Digistar Bhd (XKLS:0029) 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.

Digistar Bhd Receivables Turnover Related Terms

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Digistar Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Digistar Corp Bhd (XKLS:0029) » Definitions » Receivables Turnover

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Address

Jalan Ampang Utama 1/2, B6/4/4, 3rd Floor, One Ampang Business Avenue, Ampang, SGR, MYS, 68000

Website

https://www.digistar.com.my

Digistar Corp Bhd is an investment holding company. It operates through the following segments: System integration segment, Investment holding segment, Rental, and hotel segment, Concession segment, and Property development segment. The Systems Integration segment is involved in the design, supply, installation, and integration of information technology infrastructure, teleconferencing, local area networks, interactive media management systems, radio & television news automation, and other related electronic systems. The Concession segment includes concession arrangements between the Group and the Grantor for the privatization of the design, development, construction, and completion of the Facilities. It operates in a single geographical segment, which is Malaysia.

Digistar Bhd Headlines

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