IDICO JSC (HSTC:IDC) Receivables Turnover : 2.50 (As of Dec. 2024)

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What is IDICO JSC 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. IDICO JSC's Revenue for the three months ended in Dec. 2024 was ₫1,955,335 Mil. IDICO JSC's average Accounts Receivable for the three months ended in Dec. 2024 was ₫781,189 Mil. Hence, IDICO JSC's Receivables Turnover for the three months ended in Dec. 2024 was 2.50.

IDICO JSC Receivables Turnover Historical Data

The historical data trend for IDICO JSC'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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IDICO JSC Receivables Turnover Chart

IDICO JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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9.47

1.40

21.27

10.11

11.04

IDICO JSC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															4.37	3.13	2.86	2.89	2.50

Competitive Comparison of IDICO JSC's Receivables Turnover

For the Engineering & Construction subindustry, IDICO JSC'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.

IDICO JSC's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, IDICO JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IDICO JSC's Receivables Turnover falls into.

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IDICO JSC Receivables Turnover Calculation

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

IDICO JSC's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	8846410.51	/ (	(843799.01	+	759511.369)	/	2 )
=	8846410.51	/	801655.1895
=	11.04

IDICO JSC's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1955334.918	/ (	(802867.273	+	759511.369)	/	2 )
=	1955334.918	/	781189.321
=	2.50

IDICO JSC (HSTC:IDC) 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.

IDICO JSC Receivables Turnover Related Terms

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IDICO JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IDICO Corp JSC (HSTC:IDC) » Definitions » Receivables Turnover

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Address

151 ter Nguyen Dinh Chieu, Ward 6, District 3, Ho Chi Minh City, VNM

Website

http://www.idico.com.vn

IDICO Corp JSC is a Vietnam based company. It is formed to focused resources on finance, technology, and to invest in developing and trading in the technical infrastructure of urban areas, industrial parks, and economic zones, concentrated residential areas, investment and development of transport, irrigation hydroelectricity projects, industrial production, and housing development. IDCO's core area is to invest in developing industrial parks.

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