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MKDW (MKDWell Tech) Receivables Turnover : 2.30 (As of Dec. 2024)


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What is MKDWell Tech 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. MKDWell Tech's Revenue for the six months ended in Dec. 2024 was $1.19 Mil. MKDWell Tech's average Accounts Receivable for the six months ended in Dec. 2024 was $0.52 Mil. Hence, MKDWell Tech's Receivables Turnover for the six months ended in Dec. 2024 was 2.30.

MKDWell Tech Receivables Turnover Historical Data

The historical data trend for MKDWell Tech'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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MKDWell Tech Receivables Turnover Chart

MKDWell Tech Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Receivables Turnover
3.86 3.69 5.17 3.32

MKDWell Tech Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Receivables Turnover Get a 7-Day Free Trial 2.44 2.61 2.40 1.70 2.30

Competitive Comparison of MKDWell Tech's Receivables Turnover

For the Auto Parts subindustry, MKDWell Tech'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.

MKDWell Tech's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, MKDWell Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MKDWell Tech's Receivables Turnover falls into.


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MKDWell Tech Receivables Turnover Calculation

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

MKDWell Tech'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 )
=1.999 / ((0.562 + 0.641) / 2 )
=1.999 / 0.6015
=3.32

MKDWell Tech'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: Jun. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=1.188 / ((0.391 + 0.641) / 2 )
=1.188 / 0.516
=2.30

* 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.

MKDWell Tech  (NAS:MKDW) 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.

MKDWell Tech Receivables Turnover Related Terms

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MKDWell Tech Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MKDWell Tech Inc (NAS:MKDW) » Definitions » Receivables Turnover
Comparable Companies
SYPR CVGI GTEC PRTS WKSP SAG SUP OMTK NCNCF REE ORLY AZO TSE:6902 TSE:5108 XPAR:ML SHSE:600660 GPC XTER:CON XKRX:012330 XTER:KBX
Traded in Other Exchanges
N/A
Address
No. 6-2, Duxing Road, 1st Floor, Hsinchu Science Park, Hsinchu City 300, Hsinchu City, TWN
Website
http://www.mkdwell.com
MKDWell Tech Inc is a company engaged in supplying automotive electronics for passenger cars, modified commercial vehicles, camper vans and logistics vehicles. Its business coverage extends across the spectrum of research and development, design, production and sales of automotive electronic products. The main products are intelligent camper vans control systems, LiDAR sensors, intelligent container control systems for logistics vehicles, vehicle seat control system, and it provide customers with ODM and OEM customized services.