Petronas Dagangan Bhd (XKLS:5681) Receivables Turnover : 2.77 (As of Mar. 2024)

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What is Petronas Dagangan 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. Petronas Dagangan Bhd's Revenue for the three months ended in Mar. 2024 was RM9,393 Mil. Petronas Dagangan Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM3,391 Mil. Hence, Petronas Dagangan Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 2.77.

Petronas Dagangan Bhd Receivables Turnover Historical Data

The historical data trend for Petronas Dagangan 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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Petronas Dagangan Bhd Receivables Turnover Chart

Petronas Dagangan Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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23.01

16.23

17.78

21.24

19.33

Petronas Dagangan 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															3.12	2.40	2.17	2.72	2.77

Competitive Comparison of Petronas Dagangan Bhd's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Petronas Dagangan 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.

Petronas Dagangan Bhd's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petronas Dagangan Bhd's Receivables Turnover distribution charts can be found below:

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

Petronas Dagangan Bhd Receivables Turnover Calculation

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

Petronas Dagangan 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 )
=	37549.338	/ (	(1863.764	+	2021.044)	/	2 )
=	37549.338	/	1942.404
=	19.33

Petronas Dagangan 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 )
=	9393.126	/ (	(2021.044	+	4761.54)	/	2 )
=	9393.126	/	3391.292
=	2.77

Petronas Dagangan Bhd (XKLS:5681) 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.

Petronas Dagangan Bhd Receivables Turnover Related Terms

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Petronas Dagangan Bhd (XKLS:5681) Business Description

Industry

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Address

Tower 1, Petronas Twin Towers, Level 30-33, Kuala Lumpur City Centre, Kuala Lumpur, MYS, 50088

Website

https://www.mymesra.com.my

Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. As the leading revenue generator, retail operations are the leading focus of the company. In Malaysia, the retail business includes hundreds of retail stations that also serve as convenience stores. As a compliment to its network of retail stations, Petronas offers a loyalty program that allows members to accumulate points and redeem either fuel or selected items. The company's other businesses include a commercial unit, liquefied petroleum gas unit, and a lubricants business. Through the commercial business, Petronas markets petroleum products in bulk to manufacturing, aviation, power, energy, agriculture, fisheries, and transportation segments.

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