Korea Shipbuilding & Offshore Engineering (Korea Shipbuilding & Offshore Engineering) Receivables Turnover : 5.23 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Korea Shipbuilding & Offshore Engineering 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. Korea Shipbuilding & Offshore Engineering's Revenue for the three months ended in Mar. 2024 was $4,142 Mil. Korea Shipbuilding & Offshore Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was $792 Mil. Hence, Korea Shipbuilding & Offshore Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 5.23.

Korea Shipbuilding & Offshore Engineering Receivables Turnover Historical Data

The historical data trend for Korea Shipbuilding & Offshore Engineering'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.

* Premium members only.

Korea Shipbuilding & Offshore Engineering Receivables Turnover Chart

Korea Shipbuilding & Offshore Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

12.68

15.29

17.77

21.82

24.66

Korea Shipbuilding & Offshore Engineering 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															6.52	7.02	5.86	6.10	5.23

Competitive Comparison of Korea Shipbuilding & Offshore Engineering's Receivables Turnover

For the Aerospace & Defense subindustry, Korea Shipbuilding & Offshore Engineering'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.

Korea Shipbuilding & Offshore Engineering's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Korea Shipbuilding & Offshore Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Korea Shipbuilding & Offshore Engineering's Receivables Turnover falls into.

Korea Shipbuilding & Offshore Engineering Receivables Turnover Calculation

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

Korea Shipbuilding & Offshore Engineering'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 )
=	16326.507	/ (	(519.728	+	804.328)	/	2 )
=	16326.507	/	662.028
=	24.66

Korea Shipbuilding & Offshore Engineering'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 )
=	4141.87	/ (	(804.328	+	780.423)	/	2 )
=	4141.87	/	792.3755
=	5.23

Korea Shipbuilding & Offshore Engineering (GREY:HYHZF) 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.

Korea Shipbuilding & Offshore Engineering Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Korea Shipbuilding & Offshore Engineering's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Korea Shipbuilding & Offshore Engineering (Korea Shipbuilding & Offshore Engineering) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Korea Shipbuilding & Offshore Engineering (GREY:HYHZF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

009540:Korea

Address

75, Yulgok-ro, Jongno-gu, Seoul, KOR, 03058

Website

http://www.ksoe.co.kr

HD Korea Shipbuilding & Offshore Engineering is one of the largest shipbuilding companies in the world. It has the capability to build various types of ships, including submarines, naval ships, and auxiliary service vessels. The company is an industrial conglomerate, and operates several business divisions including Shipbuilding, Offshore & Industrial Plant Engineering, Special & Naval Shipbuilding, Marine Engine & Machinery and Industrial Machinery & Energy.