Sunmow Holding Bhd (XKLS:03050) Receivables Turnover : 4.48 (As of Dec. 2023)

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What is Sunmow Holding 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. Sunmow Holding Bhd's Revenue for the six months ended in Dec. 2023 was RM64.4 Mil. Sunmow Holding Bhd's average Accounts Receivable for the six months ended in Dec. 2023 was RM14.4 Mil. Hence, Sunmow Holding Bhd's Receivables Turnover for the six months ended in Dec. 2023 was 4.48.

Sunmow Holding Bhd Receivables Turnover Historical Data

The historical data trend for Sunmow Holding 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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Sunmow Holding Bhd Receivables Turnover Chart

Sunmow Holding Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.64

3.76

2.48

3.77

7.13

Sunmow Holding Bhd Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial				1.11	1.31	2.18	3.82	4.48

Competitive Comparison of Sunmow Holding Bhd's Receivables Turnover

For the Engineering & Construction subindustry, Sunmow Holding 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.

Sunmow Holding Bhd's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sunmow Holding Bhd's Receivables Turnover distribution charts can be found below:

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

Sunmow Holding Bhd Receivables Turnover Calculation

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

Sunmow Holding 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 )
=	115.16	/ (	(15.069	+	17.254)	/	2 )
=	115.16	/	16.1615
=	7.13

Sunmow Holding 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: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	64.405	/ (	(11.515	+	17.254)	/	2 )
=	64.405	/	14.3845
=	4.48

Sunmow Holding Bhd (XKLS:03050) 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.

Sunmow Holding Bhd Receivables Turnover Related Terms

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Sunmow Holding Bhd (XKLS:03050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunmow Holding Bhd (XKLS:03050) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Jalan Tun Ahmad Zaidi, No. 142, 1st Floor, Parkcity Commerce Square, Bintulu, SWK, MYS, 97010

Website

https://www.sunmow.com.my

Sunmow Holding Bhd s principally engaged in the construction contract works and provision of construction support services, property development and trading in building materials and tools.

Sunmow Holding Bhd (XKLS:03050) Headlines

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