Gilgyo E&C Co (XKRX:456700) Receivables Turnover : 2.25 (As of Dec. 2023)

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What is Gilgyo E&C 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. Gilgyo E&C Co's Revenue for the six months ended in Dec. 2023 was ₩16,137 Mil. Gilgyo E&C Co's average Accounts Receivable for the six months ended in Dec. 2023 was ₩7,172 Mil. Hence, Gilgyo E&C Co's Receivables Turnover for the six months ended in Dec. 2023 was 2.25.

Gilgyo E&C Co Receivables Turnover Historical Data

The historical data trend for Gilgyo E&C 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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Gilgyo E&C Co Receivables Turnover Chart

Gilgyo E&C Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.08

3.35

2.85

2.58

2.25

Gilgyo E&C Co Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial			3.08	3.35	2.85	2.58	2.25

Competitive Comparison of Gilgyo E&C Co's Receivables Turnover

For the Engineering & Construction subindustry, Gilgyo E&C 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.

Gilgyo E&C Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Gilgyo E&C Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gilgyo E&C Co's Receivables Turnover falls into.

Gilgyo E&C Co Receivables Turnover Calculation

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

Gilgyo E&C 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 )
=	16136.757	/ (	(6727.101	+	7617.018)	/	2 )
=	16136.757	/	7172.0595
=	2.25

Gilgyo E&C 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 )
=	16136.757	/ (	(6727.101	+	7617.018)	/	2 )
=	16136.757	/	7172.0595
=	2.25

Gilgyo E&C Co (XKRX:456700) 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.

Gilgyo E&C Co Receivables Turnover Related Terms

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Gilgyo E&C Co (XKRX:456700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gilgyo E&C Co Ltd (XKRX:456700) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

306 Cheolcheol-ro, Nam-gu, Gyeongsangbuk-do, Pohang-si, KOR

Website

http://www.Gilgyo.com

Gilgyo E&C Co Ltd operates in the design and construction of bridges. It designs, manufactures, and installation of steel composite ramen bridges, girder bridges, and monolithic bridges.

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