Topmix Bhd (XKLS:0302) Receivables Turnover : 0.00 (As of Sep. 2023)

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What is Topmix 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. Topmix Bhd's Revenue for the three months ended in Sep. 2023 was RM0.00 Mil. Topmix Bhd's average Accounts Receivable for the three months ended in Sep. 2023 was RM11.98 Mil.

Topmix Bhd Receivables Turnover Historical Data

The historical data trend for Topmix 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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Topmix Bhd Receivables Turnover Chart

Topmix Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

3.48

3.96

5.46

Topmix Bhd Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Sep23
Receivables Turnover	-	-	-	1.55	-

Competitive Comparison of Topmix Bhd's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Topmix 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.

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

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

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

Topmix Bhd Receivables Turnover Calculation

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

Topmix Bhd's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	65.79	/ (	(11.576	+	12.53)	/	2 )
=	65.79	/	12.053
=	5.46

Topmix Bhd's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0	/ (	(12.53	+	11.43)	/	2 )
=	0	/	11.98
=	N/A

Topmix Bhd (XKLS:0302) 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.

Topmix Bhd Receivables Turnover Related Terms

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Topmix Bhd (XKLS:0302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Topmix Bhd (XKLS:0302) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300

Website

https://www.topmixhpl.com

Topmix Bhd is involved in the marketing and sales of its own brands of surface decorative products. It also undertakes the design of surface decorative products internally as well as in collaboration with third-party decor paper suppliers. The company's surface decorative products mainly comprise HPL products. It also markets and sells compact panels, PVC edging, wall panels, decorative boards, and PVC plywood. Its surface decorative products are used in a variety of commercial and residential interior surface applications, including wall panels, countertops, table tops, furniture as well as fixtures and displays. It also offers consultation and installation works for compact panel products, in selected instances based on the requirements of its customers, comprising interior designers.

Topmix Bhd (XKLS:0302) Headlines

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