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Dutch Lady Milk Industries Bhd (XKLS:3026) Receivables Turnover : 3.35 (As of Mar. 2024)


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What is Dutch Lady Milk Industries 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. Dutch Lady Milk Industries Bhd's Revenue for the three months ended in Mar. 2024 was RM363 Mil. Dutch Lady Milk Industries Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM108 Mil. Hence, Dutch Lady Milk Industries Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 3.35.


Dutch Lady Milk Industries Bhd Receivables Turnover Historical Data

The historical data trend for Dutch Lady Milk Industries 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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Dutch Lady Milk Industries Bhd Receivables Turnover Chart

Dutch Lady Milk Industries Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.70 12.28 15.82 16.72 15.81

Dutch Lady Milk Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.39 2.89 2.93 3.33 3.35

Competitive Comparison of Dutch Lady Milk Industries Bhd's Receivables Turnover

For the Packaged Foods subindustry, Dutch Lady Milk Industries 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.


Dutch Lady Milk Industries Bhd's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dutch Lady Milk Industries Bhd's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dutch Lady Milk Industries Bhd's Receivables Turnover falls into.



Dutch Lady Milk Industries Bhd Receivables Turnover Calculation

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

Dutch Lady Milk Industries 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 )
=1442.823 / ((92.175 + 90.354) / 2 )
=1442.823 / 91.2645
=15.81

Dutch Lady Milk Industries 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 )
=362.773 / ((90.354 + 126.123) / 2 )
=362.773 / 108.2385
=3.35

* 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.


Dutch Lady Milk Industries Bhd  (XKLS:3026) 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.


Dutch Lady Milk Industries Bhd Receivables Turnover Related Terms

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Dutch Lady Milk Industries Bhd (XKLS:3026) Business Description

Traded in Other Exchanges
N/A
Address
112, Jalan Prof. Khoo Kay Kim, Level 5, Quill 9, Petaling Jaya, SGR, MYS, 46300
Dutch Lady Milk Industries Bhd is a Malaysia-based company that manufactures and distributes a wide range of dairy products, such as specialized powders for infant and growing up children, liquid milk in different packaging formats and yoghurts. The Company markets these products under various brand names such as Dutch Lady, Dutch Baby, Frisolac, Friso Gold and Dutch Lady PureFarm.

Dutch Lady Milk Industries Bhd (XKLS:3026) Headlines

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