Doosan (XKRX:000155) Receivables Turnover : 1.39 (As of Jun. 2024)

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What is Doosan 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. Doosan's Revenue for the three months ended in Jun. 2024 was ₩4,592,222 Mil. Doosan's average Accounts Receivable for the three months ended in Jun. 2024 was ₩3,311,270 Mil. Hence, Doosan's Receivables Turnover for the three months ended in Jun. 2024 was 1.39.

Doosan Receivables Turnover Historical Data

The historical data trend for Doosan'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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Doosan Receivables Turnover Chart

Doosan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.04

2.73

3.76

5.77

6.14

Doosan Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.58	1.40	1.63	1.39	1.39

Competitive Comparison of Doosan's Receivables Turnover

For the Conglomerates subindustry, Doosan'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.

Doosan's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Doosan's Receivables Turnover distribution charts can be found below:

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

Doosan Receivables Turnover Calculation

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

Doosan'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 )
=	19130129.882	/ (	(3072708.112	+	3156903.503)	/	2 )
=	19130129.882	/	3114805.8075
=	6.14

Doosan's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	4592221.588	/ (	(3267219.996	+	3355319.216)	/	2 )
=	4592221.588	/	3311269.606
=	1.39

Doosan (XKRX:000155) 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.

Doosan Receivables Turnover Related Terms

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Doosan Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Doosan Corp (XKRX:000155) » Definitions » Receivables Turnover

Traded in Other Exchanges

000157.PFD:Korea 000150:Korea

Address

18-12 Euljiro 6-ga, Jung-gu, Seoul, KOR

Website

http://www.doosan.com

Doosan Corp. is a South Korean company engaged in heavy industries, machinery manufacturing and others through its subsidiaries. The company generates the majority of its revenue from three subsidies: Doosan Infracore, or DI; Doosan Heavy Industries & Construction, or DHC; and Doosan Engineering & Construction, or DEC. DI, which is partially owned by Doosan Corp., is engaged in manufacturing and selling of internal combustion engines, construction machinery, and others. DHC, another company partially owned by Doosan Corp., is engaged in supplying generating units, casting, forging, and other businesses. DEC, whose majority stake is owned by Doosan Corp., is engaged in apartment building constructions. The company generates most of its sales from Asia, the U.S., and Europe.

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