SK Hynix (SK Hynix) Receivables Turnover : 1.89 (As of Dec. 2023)

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What is SK Hynix 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. SK Hynix's Revenue for the three months ended in Dec. 2023 was $8,667 Mil. SK Hynix's average Accounts Receivable for the three months ended in Dec. 2023 was $4,597 Mil. Hence, SK Hynix's Receivables Turnover for the three months ended in Dec. 2023 was 1.89.

SK Hynix Receivables Turnover Historical Data

The historical data trend for SK Hynix'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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SK Hynix Receivables Turnover Chart

SK Hynix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.96

7.17

6.32

6.28

5.54

SK Hynix Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.17	1.08	1.68	1.79	1.89

Competitive Comparison of SK Hynix's Receivables Turnover

For the Semiconductors subindustry, SK Hynix'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.

SK Hynix's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SK Hynix's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SK Hynix's Receivables Turnover falls into.

SK Hynix Receivables Turnover Calculation

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

SK Hynix'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 )
=	25119.486	/ (	(4009.124	+	5060.028)	/	2 )
=	25119.486	/	4534.576
=	5.54

SK Hynix'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	8667.244	/ (	(4133.671	+	5060.028)	/	2 )
=	8667.244	/	4596.8495
=	1.89

SK Hynix (OTCPK:HXSCL) 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.

SK Hynix Receivables Turnover Related Terms

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SK Hynix (SK Hynix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SK Hynix Inc (OTCPK:HXSCL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HYNSE:Luxembourg 000660:Korea HY9H:Germany

Address

2091, Gyeongchung-daero, Bubai-eub, Icheon-si, Gyeonggi-do, KOR

Website

http://www.skhynix.com

SK Hynix is a semiconductor supplier with around 65%-70% of its revenue from DRAM and 25%-30% of its revenue from NAND flash. SK Hynix is the second-largest DRAM supplier globally with approximately 28% market share and the fifth-largest NAND supplier globally with approximately 19% market share. SK Telecom, the largest telecom carrier in South Korea, became the largest shareholder in 2012 and currently holds 20% of SK Hynix's shares.