Hartalega Holdings Bhd (XKLS:5168) Receivables Turnover : 2.27 (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Hartalega 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. Hartalega Holdings Bhd's Revenue for the three months ended in Dec. 2023 was RM416 Mil. Hartalega Holdings Bhd's average Accounts Receivable for the three months ended in Dec. 2023 was RM183 Mil. Hence, Hartalega Holdings Bhd's Receivables Turnover for the three months ended in Dec. 2023 was 2.27.

Hartalega Holdings Bhd Receivables Turnover Historical Data

The historical data trend for Hartalega 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.

* Premium members only.

Hartalega Holdings Bhd Receivables Turnover Chart

Hartalega Holdings Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

7.79

7.03

9.55

12.01

8.94

Hartalega Holdings Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.59	2.98	2.29	2.58	2.27

Competitive Comparison of Hartalega Holdings Bhd's Receivables Turnover

For the Specialty Chemicals subindustry, Hartalega 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.

Hartalega Holdings Bhd's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hartalega Holdings Bhd's Receivables Turnover distribution charts can be found below:

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

Hartalega Holdings Bhd Receivables Turnover Calculation

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

Hartalega Holdings 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 )
=	2409.618	/ (	(338.736	+	200.156)	/	2 )
=	2409.618	/	269.446
=	8.94

Hartalega Holdings 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 )
=	415.644	/ (	(166.362	+	199.679)	/	2 )
=	415.644	/	183.0205
=	2.27

Hartalega Holdings Bhd (XKLS:5168) 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.

Hartalega Holdings Bhd Receivables Turnover Related Terms

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

Hartalega Holdings Bhd (XKLS:5168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hartalega Holdings Bhd (XKLS:5168) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

C-G-9, Jalan Dataran SD1, Dataran SD, PJU9, Bandar Sri Damansara, Kuala Lumpur, SGR, MYS, 52200

Website

https://www.hartalega.com.my

Hartalega Holdings Bhd is a holding company whose subsidiaries manufacture and sell a variety of nitrile and latex gloves. The company's gloves are used in laboratories and healthcare facilities. The gloves are also sold to manufacturers of semiconductors and consumer electronics and for automotive maintenance and spray painting. The company organizes its segments based on geography: North America, Europe, Asia, Australia, Malaysia, Middle East, Russia, Africa, and South America. More revenue comes from the North America segment than any other.

Hartalega Holdings Bhd (XKLS:5168) Headlines

No Headlines