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Huyndai Movex Co (XKRX:319400) Receivables Turnover : 0.48 (As of Mar. 2024)


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What is Huyndai Movex 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. Huyndai Movex Co's Revenue for the three months ended in Mar. 2024 was ₩60,808 Mil. Huyndai Movex Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩127,631 Mil. Hence, Huyndai Movex Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.48.


Huyndai Movex Co Receivables Turnover Historical Data

The historical data trend for Huyndai Movex 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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Huyndai Movex Co Receivables Turnover Chart

Huyndai Movex Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
- 3.13 3.39 2.33 2.24

Huyndai Movex Co 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 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 0.44 0.64 0.80 0.77 0.48

Competitive Comparison of Huyndai Movex Co's Receivables Turnover

For the Shell Companies subindustry, Huyndai Movex 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.


Huyndai Movex Co's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Huyndai Movex Co's Receivables Turnover distribution charts can be found below:

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



Huyndai Movex Co Receivables Turnover Calculation

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

Huyndai Movex 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 )
=267838.062 / ((102316.471 + 137007.941) / 2 )
=267838.062 / 119662.206
=2.24

Huyndai Movex Co'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 )
=60807.836 / ((137007.941 + 118254.964) / 2 )
=60807.836 / 127631.4525
=0.48

* 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.


Huyndai Movex Co  (XKRX:319400) 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.


Huyndai Movex Co Receivables Turnover Related Terms

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Huyndai Movex Co (XKRX:319400) Business Description

Traded in Other Exchanges
N/A
Address
60 Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR
Website
Huyndai Movex Co Ltd, formerly NH Special Purpose Acquisition 14 Co Ltd is a South Korea-based special purpose acquisition company engaged mainly in the merger and acquisition business.

Huyndai Movex Co (XKRX:319400) Headlines

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