GDEX Bhd (XKLS:0078) Receivables Turnover : 1.76 (As of Mar. 2024)

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What is GDEX 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. GDEX Bhd's Revenue for the three months ended in Mar. 2024 was RM99.4 Mil. GDEX Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM56.6 Mil. Hence, GDEX Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.76.

GDEX Bhd Receivables Turnover Historical Data

The historical data trend for GDEX 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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GDEX Bhd Receivables Turnover Chart

GDEX Bhd Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec22

Dec23

Receivables Turnover

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5.81

6.12

5.88

5.80

6.64

GDEX Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.70	1.71	1.78	1.75	1.76

Competitive Comparison of GDEX Bhd's Receivables Turnover

For the Integrated Freight & Logistics subindustry, GDEX 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.

GDEX Bhd's Receivables Turnover Distribution in the Transportation Industry

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

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

GDEX Bhd Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	397.182	/ (	(60.17	+	59.416)	/	2 )
=	397.182	/	59.793
=	6.64

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

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	99.422	/ (	(59.416	+	53.81)	/	2 )
=	99.422	/	56.613
=	1.76

GDEX Bhd (XKLS:0078) 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.

GDEX Bhd Receivables Turnover Related Terms

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GDEX Bhd (XKLS:0078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GDEX Bhd (XKLS:0078) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, Jalan Tandang, Petaling Jaya, SGR, MYS, 46050

Website

https://www.gdexpress.com

GDEX Bhd mainly engages in the provision of express delivery, logistics, information technology services, and property management. It provides a domestic express carrier, international express carrier, customized logistics solutions, logistics services, enhanced liability coverage, GDEX prepaid, and among others. The group has five business segments Express delivery, Logistics, Property management, Information technology, and Property investment. The majority of the revenue comes from the Express delivery segment. The company's geographical segments include Malaysia, which is the key revenue driver; Singapore; and Vietnam.

GDEX Bhd (XKLS:0078) Headlines

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