Wegmans Holdings Bhd (XKLS:0197) Receivables Turnover : 2.72 (As of Mar. 2024)

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What is Wegmans 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. Wegmans Holdings Bhd's Revenue for the three months ended in Mar. 2024 was RM34.7 Mil. Wegmans Holdings Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM12.7 Mil. Hence, Wegmans Holdings Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 2.72.

Wegmans Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Wegmans 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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Wegmans Holdings Bhd Receivables Turnover Chart

Wegmans Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.31

15.06

7.86

9.18

8.36

Wegmans Holdings Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.31	1.47	1.68	2.23	2.72

Competitive Comparison of Wegmans Holdings Bhd's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Wegmans 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.

Wegmans Holdings Bhd's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Wegmans Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Wegmans Holdings Bhd Receivables Turnover Calculation

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

Wegmans Holdings 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 )
=	117.656	/ (	(17.283	+	10.876)	/	2 )
=	117.656	/	14.0795
=	8.36

Wegmans Holdings 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 )
=	34.7	/ (	(10.876	+	14.609)	/	2 )
=	34.7	/	12.7425
=	2.72

Wegmans Holdings Bhd (XKLS:0197) 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.

Wegmans Holdings Bhd Receivables Turnover Related Terms

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Wegmans Holdings Bhd (XKLS:0197) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Wegmans Holdings Bhd (XKLS:0197) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot PTD 6967, Jalan Kempas 3, Kawasan Perindustrian Bakri, Muar, JHR, MYS, 84200

Website

https://www.wegmans.com.my

Wegmans Holdings Bhd is an investment holding company. Through its subsidiary, the company is involved in the design, manufacture, and sale of home furniture products. It serves wholesalers, retailers, chain stores, and traders. The company has two operating segments; the Furniture manufacturing segment encompasses the business of design, manufacture, and sale of home furniture products, and The hardware manufacturing segment is involved in the business of manufacturing and sale of screws, nuts, and spare parts. It derives a majority of its revenue from the Furniture manufacturing segment.

Wegmans Holdings Bhd (XKLS:0197) Headlines

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