Pintaras Jaya Bhd (XKLS:9598) Receivables Turnover : 0.53 (As of Mar. 2024)

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What is Pintaras Jaya 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. Pintaras Jaya Bhd's Revenue for the three months ended in Mar. 2024 was RM80.8 Mil. Pintaras Jaya Bhd's average Accounts Receivable for the three months ended in Mar. 2024 was RM152.6 Mil. Hence, Pintaras Jaya Bhd's Receivables Turnover for the three months ended in Mar. 2024 was 0.53.

Pintaras Jaya Bhd Receivables Turnover Historical Data

The historical data trend for Pintaras Jaya 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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Pintaras Jaya Bhd Receivables Turnover Chart

Pintaras Jaya Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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2.80

2.42

2.60

2.84

1.99

Pintaras Jaya 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															0.48	0.50	0.44	0.40	0.53

Competitive Comparison of Pintaras Jaya Bhd's Receivables Turnover

For the Engineering & Construction subindustry, Pintaras Jaya 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.

Pintaras Jaya Bhd's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Pintaras Jaya Bhd's Receivables Turnover falls into.

Pintaras Jaya Bhd Receivables Turnover Calculation

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

Pintaras Jaya 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 )
=	333.078	/ (	(176.832	+	157.132)	/	2 )
=	333.078	/	166.982
=	1.99

Pintaras Jaya 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 )
=	80.807	/ (	(147.588	+	157.572)	/	2 )
=	80.807	/	152.58
=	0.53

Pintaras Jaya Bhd (XKLS:9598) 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.

Pintaras Jaya Bhd Receivables Turnover Related Terms

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Pintaras Jaya Bhd (XKLS:9598) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Jalan Majistret U1/26, Hicom-Glenmarie Industrial Park, Shah Alam, SGR, MYS, 40150

Website

https://www.pintaras.com.my

Pintaras Jaya Bhd is a Malaysia-based company engaged in the manufacturing of metal containers and piling and sub-structure construction activities. It operates through two segments namely Piling, civil engineering, & construction works and Manufacturing. The Piling, civil engineering, and construction work segment which derives the majority revenue include piling and earth retaining systems, sub-structures and basements, ground improvement, earth, and civil engineering and building work. The Geographical segments of the company include Malaysia and Singapore, out of which the majority of the revenue is generated from Singapore.

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