CTOS Digital Bhd (XKLS:5301) Receivables Turnover : 1.18 (As of Mar. 2024)

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What is CTOS Digital 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. CTOS Digital Bhd's Revenue for the three months ended in Mar. 2024 was RM71.6 Mil. CTOS Digital Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM60.6 Mil. Hence, CTOS Digital Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.

CTOS Digital Bhd Receivables Turnover Historical Data

The historical data trend for CTOS Digital 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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CTOS Digital Bhd Receivables Turnover Chart

CTOS Digital Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.88

7.42

8.07

8.10

6.93

CTOS Digital Bhd Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial													1.46	1.28	1.37	1.51	1.18

Competitive Comparison of CTOS Digital Bhd's Receivables Turnover

For the Software - Application subindustry, CTOS Digital 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.

CTOS Digital Bhd's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, CTOS Digital Bhd's Receivables Turnover distribution charts can be found below:

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

CTOS Digital Bhd Receivables Turnover Calculation

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

CTOS Digital 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 )
=	261.437	/ (	(29.98	+	45.429)	/	2 )
=	261.437	/	37.7045
=	6.93

CTOS Digital 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 )
=	71.58	/ (	(45.429	+	75.736)	/	2 )
=	71.58	/	60.5825
=	1.18

CTOS Digital Bhd (XKLS:5301) 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.

CTOS Digital Bhd Receivables Turnover Related Terms

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CTOS Digital Bhd (XKLS:5301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CTOS Digital Bhd (XKLS:5301) » Definitions » Receivables Turnover

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Address

Bangsar South, No. 8, Jalan Kerinchi, Vertical Business Suite, Avenue 3, Unit 01-12, Level 8, Tower A,, Kuala Lumpur, MYS, 59200

Website

https://www.ctosdigital.com

CTOS Digital Bhd provide credit information and analytics digital solutions on companies, businesses and consumers for use by banks and businesses at each stage of the customer lifecycle and provide credit information and analysis to consumers. It serve three types of customers, namely Key Accounts, Commercial and Direct-to-Consumer. The company's geographical segments include Malaysia and International.

CTOS Digital Bhd (XKLS:5301) Headlines

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