Finotek Co (XKRX:150440) Receivables Turnover : 4.21 (As of Dec. 2022)

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What is Finotek Co 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. Finotek Co's Revenue for the six months ended in Dec. 2022 was ₩10,429 Mil. Finotek Co's average Accounts Receivable for the six months ended in Dec. 2022 was ₩2,477 Mil. Hence, Finotek Co's Receivables Turnover for the six months ended in Dec. 2022 was 4.21.

Finotek Co Receivables Turnover Historical Data

The historical data trend for Finotek Co'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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Finotek Co Receivables Turnover Chart

Finotek Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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6.30

3.09

1.84

3.75

4.21

Finotek Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial			6.30	3.09	1.84	3.75	4.21

Competitive Comparison of Finotek Co's Receivables Turnover

For the Information Technology Services subindustry, Finotek Co'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.

Finotek Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Finotek Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Finotek Co's Receivables Turnover falls into.

Finotek Co Receivables Turnover Calculation

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

Finotek Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	10428.76	/ (	(4369.827	+	583.86)	/	2 )
=	10428.76	/	2476.8435
=	4.21

Finotek Co's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	10428.76	/ (	(4369.827	+	583.86)	/	2 )
=	10428.76	/	2476.8435
=	4.21

Finotek Co (XKRX:150440) 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.

Finotek Co Receivables Turnover Related Terms

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Finotek Co (XKRX:150440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Finotek Co Ltd (XKRX:150440) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

3rd floor, 1 Yangjaechunro 9-Gil, Seocho-Gu, Seoul, KOR

Website

http://www.finotek.co.kr

Finotek Co Ltd develops and supply's software, system integration (SI), application development and consulting, system ASP services. The company primarily serves the financial services sector. Geographically, the business is carried out through Korea.

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