Namhae Chemical (XKRX:025860) Receivables Turnover : 2.11 (As of Mar. 2024)

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What is Namhae Chemical 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. Namhae Chemical's Revenue for the three months ended in Mar. 2024 was ₩414,490 Mil. Namhae Chemical's average Accounts Receivable for the three months ended in Mar. 2024 was ₩196,391 Mil. Hence, Namhae Chemical's Receivables Turnover for the three months ended in Mar. 2024 was 2.11.

Namhae Chemical Receivables Turnover Historical Data

The historical data trend for Namhae Chemical'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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Namhae Chemical Receivables Turnover Chart

Namhae Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

16.08

15.61

16.71

14.91

8.40

Namhae Chemical 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															2.57	1.77	1.57	1.99	2.11

Competitive Comparison of Namhae Chemical's Receivables Turnover

For the Agricultural Inputs subindustry, Namhae Chemical'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.

Namhae Chemical's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Namhae Chemical's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Namhae Chemical's Receivables Turnover falls into.

Namhae Chemical Receivables Turnover Calculation

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

Namhae Chemical'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 )
=	1588078.325	/ (	(180603.112	+	197644.374)	/	2 )
=	1588078.325	/	189123.743
=	8.40

Namhae Chemical'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 )
=	414490.002	/ (	(197644.374	+	195136.926)	/	2 )
=	414490.002	/	196390.65
=	2.11

Namhae Chemical (XKRX:025860) 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.

Namhae Chemical Receivables Turnover Related Terms

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Namhae Chemical (XKRX:025860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Namhae Chemical Corp (XKRX:025860) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1384 Yeosudandan-ro, Jeonnam, Yeosu-si, KOR, 59618

Website

http://www.nhchem.co.kr

Namhae Chemical Corp engaged in the manufacture and sale of agricultural and chemical products. It operates through various divisions namely; Fertilizer, Chemical, and Oil. The Fertilizer and Chemical business division produces and sells inorganic, compound, and phosphoric acid fertilizers, as well as chemicals such as ammonia, sulfuric acid, gypsum, and calcium phosphate. The Oil business division offers petroleum, gas, oil, and kerosene. All the business activity is functioned through the region of South Korea.

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