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Hyundai Everdigm (XKRX:041440) Receivables Turnover : 1.27 (As of Dec. 2023)


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What is Hyundai Everdigm 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. Hyundai Everdigm's Revenue for the three months ended in Dec. 2023 was ₩87,311 Mil. Hyundai Everdigm's average Accounts Receivable for the three months ended in Dec. 2023 was ₩68,801 Mil. Hence, Hyundai Everdigm's Receivables Turnover for the three months ended in Dec. 2023 was 1.27.


Hyundai Everdigm Receivables Turnover Historical Data

The historical data trend for Hyundai Everdigm'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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Hyundai Everdigm Receivables Turnover Chart

Hyundai Everdigm Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.01 4.80 6.19 6.14 5.52

Hyundai Everdigm Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.42 1.34 1.15 0.98 1.27

Competitive Comparison of Hyundai Everdigm's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Hyundai Everdigm'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.


Hyundai Everdigm's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hyundai Everdigm's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hyundai Everdigm's Receivables Turnover falls into.



Hyundai Everdigm Receivables Turnover Calculation

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

Hyundai Everdigm'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 )
=358052.34 / ((67458.951 + 62270.517) / 2 )
=358052.34 / 64864.734
=5.52

Hyundai Everdigm's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=87310.517 / ((75331.886 + 62270.517) / 2 )
=87310.517 / 68801.2015
=1.27

* 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.


Hyundai Everdigm  (XKRX:041440) 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.


Hyundai Everdigm Receivables Turnover Related Terms

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Hyundai Everdigm (XKRX:041440) Business Description

Traded in Other Exchanges
N/A
Address
332-3 Janggwan-ri, Jincheon-eub, Jincheon-gun, Chungbuk, KOR, 365-802
Hyundai Everdigm Corp is engaged in producing and selling construction and mining equipment, and rescue products in South Korea and internationally. The company offers Concrete Pumps, Attachment, Tower Cranes, Telescopic Cranes, Blast-hole drill rigs, and Special vehicles among others.

Hyundai Everdigm (XKRX:041440) Headlines

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