“Many of the industries experiencing higher receivables-to-sales ratios are related to the consumer sector,” he tells The Edge when contacted. The semiconductor sector, for one, is enjoying higher sales volumes and is likely to clear its mounting backlog. Another manufacturing sector on the list with both higher receivables and sales is packaging materials. On the other hand, those who saw revenue expand faster than receivables include Yinson Holdings Bhd, Malaysia Resources Corp Bhd and Dagang NeXchange Bhd. Comparatively, a smaller percentage of 14% saw higher receivables despite lower revenue, which suggests that “payment headwinds are not yet widespread”, he adds.
