Lat Co (XKRX:311060) Receivables Turnover : 2.55 (As of Dec. 2023)

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What is Lat 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. Lat Co's Revenue for the six months ended in Dec. 2023 was ₩9,328 Mil. Lat Co's average Accounts Receivable for the six months ended in Dec. 2023 was ₩3,661 Mil. Hence, Lat Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.55.

Lat Co Receivables Turnover Historical Data

The historical data trend for Lat 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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Lat Co Receivables Turnover Chart

Lat Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.18

4.69

2.55

Lat Co Semi-Annual Data
	Dec21	Dec22	Dec23
Receivables Turnover	3.18	4.69	2.55

Competitive Comparison of Lat Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Lat 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.

Lat Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lat Co's Receivables Turnover distribution charts can be found below:

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

Lat Co Receivables Turnover Calculation

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

Lat Co'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 )
=	9327.995	/ (	(4305.526	+	3015.948)	/	2 )
=	9327.995	/	3660.737
=	2.55

Lat Co'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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	9327.995	/ (	(4305.526	+	3015.948)	/	2 )
=	9327.995	/	3660.737
=	2.55

Lat Co (XKRX:311060) 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.

Lat Co Receivables Turnover Related Terms

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Lat Co (XKRX:311060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lat Co Ltd (XKRX:311060) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

766-2 Gosaek-dong, Gwonseon-gu, Pyeong-dong, Gyeonggi-do, 1433-100, Suwon, KOR, 16643

Website

http://www.latplasma.com

Lat Co Ltd is a Korean company which operates in the vacuum equipment industry. It manufactures semiconductor and display equipment, while its products offerings include Vacuum deposition equipment, Heat treatment devices, etching devices, fusion compound devices, and other devices. It offers products for industries including solar cells (MEMS, PACKAGE, PCB), displays (AMOLED, LCD), and renewable energy (crystalline, thin film solar cells).

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