DB HiTek Co (XKRX:000990) Receivables Turnover : 1.67 (As of Dec. 2023)

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What is DB HiTek Co 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. DB HiTek Co's Revenue for the three months ended in Dec. 2023 was ₩279,437 Mil. DB HiTek Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩166,965 Mil. Hence, DB HiTek Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.67.

DB HiTek Co Receivables Turnover Historical Data

The historical data trend for DB HiTek Co'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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DB HiTek Co Receivables Turnover Chart

DB HiTek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.60

5.13

5.79

9.01

9.97

DB HiTek Co 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															1.61	2.48	2.46	1.50	1.67

Competitive Comparison of DB HiTek Co's Receivables Turnover

For the Semiconductors subindustry, DB HiTek Co'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.

DB HiTek Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, DB HiTek Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DB HiTek Co's Receivables Turnover falls into.

DB HiTek Co Receivables Turnover Calculation

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

DB HiTek Co'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 )
=	1154223.639	/ (	(122007.611	+	109613.11)	/	2 )
=	1154223.639	/	115810.3605
=	9.97

DB HiTek Co'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 )
=	279437.278	/ (	(224316.564	+	109613.11)	/	2 )
=	279437.278	/	166964.837
=	1.67

DB HiTek Co (XKRX:000990) 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.

DB HiTek Co Receivables Turnover Related Terms

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DB HiTek Co (XKRX:000990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » DB HiTek Co Ltd (XKRX:000990) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

90, Sudo-ro, Gyeonggi-do, Bucheon-si, KOR, 135-523

Website

http://www.dbhitek.co.kr

DB HiTek Co Ltd operates foundry facilities for the semiconductor industry. It primarily builds fab system-large scale integration wafers used in signal processing chips. The company uses wafer processing technology to develop chip solutions for electronic products such as televisions, computers, mobile phones, and automobiles. Dongbu Hitek's facilities add value in the areas of analog, power, embedded flash, display driver integrated circuits and image sensors. Through a network of global sales offices and support centers, the company brings its services to North America, Europe, and Asia.

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