Ahmad Zaki Resources Bhd (XKLS:7078) Receivables Turnover : 0.25 (As of Mar. 2024)

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What is Ahmad Zaki Resources 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. Ahmad Zaki Resources Bhd's Revenue for the three months ended in Mar. 2024 was RM93.9 Mil. Ahmad Zaki Resources Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM369.5 Mil. Hence, Ahmad Zaki Resources Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 0.25.

Ahmad Zaki Resources Bhd Receivables Turnover Historical Data

The historical data trend for Ahmad Zaki Resources 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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Ahmad Zaki Resources Bhd Receivables Turnover Chart

Ahmad Zaki Resources Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Jun21

Jun22

Jun23

Receivables Turnover

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3.32

3.12

2.08

2.12

1.36

Ahmad Zaki Resources Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.29	0.41	0.37	0.22	0.25

Competitive Comparison of Ahmad Zaki Resources Bhd's Receivables Turnover

For the Engineering & Construction subindustry, Ahmad Zaki Resources 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.

Ahmad Zaki Resources Bhd's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Ahmad Zaki Resources Bhd's Receivables Turnover falls into.

Ahmad Zaki Resources Bhd Receivables Turnover Calculation

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

Ahmad Zaki Resources Bhd's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	380.444	/ (	(300.099	+	261.391)	/	2 )
=	380.444	/	280.745
=	1.36

Ahmad Zaki Resources 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 )
=	93.927	/ (	(334.373	+	404.622)	/	2 )
=	93.927	/	369.4975
=	0.25

Ahmad Zaki Resources Bhd (XKLS:7078) 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.

Ahmad Zaki Resources Bhd Receivables Turnover Related Terms

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Ahmad Zaki Resources Bhd (XKLS:7078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ahmad Zaki Resources Bhd (XKLS:7078) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 71, Persiaran Gurney, Menara AZRB, Kuala Lumpur, SGR, MYS, 54000

Website

https://www.azrb.com

Ahmad Zaki Resources Bhd is an investment holding company. The company's operating segment includes Engineering and Construction; Concession; Oil and Gas; Plantation; Property and Others. It generates maximum revenue from the Engineering and Construction segment. The Engineering and Construction segment includes civil and structural works. Geographically, it derives a majority of its revenue from Malaysia. Malaysia region includes civil and structural works, concession assets management, dealing in marine fuels, lubricants, petroleum-based products, logistic management, vessel-related services, property development, investment holding, and provision of management services.

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