MMM Group Bhd (XKLS:0159) Receivables Turnover : 1.43 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is MMM Group 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. MMM Group Bhd's Revenue for the three months ended in Dec. 2023 was RM2.58 Mil. MMM Group Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM1.81 Mil. Hence, MMM Group Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 1.43.

MMM Group Bhd Receivables Turnover Historical Data

The historical data trend for MMM Group 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.

* Premium members only.

MMM Group Bhd Receivables Turnover Chart

MMM Group Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

16.03

22.39

17.42

21.11

9.02

MMM Group Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.40	2.40	0.79	1.06	1.43

Competitive Comparison of MMM Group Bhd's Receivables Turnover

For the Advertising Agencies subindustry, MMM Group 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.

MMM Group Bhd's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MMM Group Bhd's Receivables Turnover distribution charts can be found below:

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

MMM Group Bhd Receivables Turnover Calculation

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

MMM Group Bhd's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	12.275	/ (	(0.559	+	2.162)	/	2 )
=	12.275	/	1.3605
=	9.02

MMM Group 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 )
=	2.583	/ (	(1.277	+	2.336)	/	2 )
=	2.583	/	1.8065
=	1.43

MMM Group Bhd (XKLS:0159) 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.

MMM Group Bhd Receivables Turnover Related Terms

Thank you for viewing the detailed overview of MMM Group Bhd's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

MMM Group Bhd (XKLS:0159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » MMM Group Bhd (XKLS:0159) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1B, Jalan Yong Shook Lin, Seksyen 7f, Level 15, Unit 15-2, Menara Choy Fook On, Petaling Jaya, SGR, MYS, 46050

Website

https://www.asiamedia.my

Asia Media Group Bhd operates as an investment holding company, which provides media services. The company involved in the Digital Out-of-Home advertising industry and a wholly-owned subsidiary of Asia Media Group Berhad. The firm focuses on transit media advertising, allowing its clients to target users of public transportation in Malaysia by providing infotainments, advertisements, and contents via its Transit-TV Network System. It operates through the following segments: Investment holding and Multimedia advertising services, media communications. Geographically company generates the majority of its revenue from Malaysia.

MMM Group Bhd (XKLS:0159) Headlines

No Headlines