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Posco Future M (XKRX:003670) Receivables Turnover : 1.50 (As of Mar. 2024)


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What is Posco Future M 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. Posco Future M's Revenue for the three months ended in Mar. 2024 was ₩1,138,422 Mil. Posco Future M's average Accounts Receivable for the three months ended in Mar. 2024 was ₩758,050 Mil. Hence, Posco Future M's Receivables Turnover for the three months ended in Mar. 2024 was 1.50.


Posco Future M Receivables Turnover Historical Data

The historical data trend for Posco Future M'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.

Posco Future M Receivables Turnover Chart

Posco Future M Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.61 6.47 7.74 12.52 9.10

Posco Future M 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.45 1.59 1.53 1.45 1.50

Competitive Comparison of Posco Future M's Receivables Turnover

For the Building Materials subindustry, Posco Future M'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.


Posco Future M's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Posco Future M's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Posco Future M's Receivables Turnover falls into.



Posco Future M Receivables Turnover Calculation

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

Posco Future M'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 )
=4759871.486 / ((288251.215 + 758049.903) / 2 )
=4759871.486 / 523150.559
=9.10

Posco Future M'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 )
=1138422.307 / ((758049.903 + 0) / 1 )
=1138422.307 / 758049.903
=1.50

* 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.


Posco Future M  (XKRX:003670) 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.


Posco Future M Receivables Turnover Related Terms

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Posco Future M (XKRX:003670) Business Description

Traded in Other Exchanges
N/A
Address
110, Shinhang-ro, Nam-gu, Gyeongbuk, Pohang, KOR
Posco Future M is in the business of coal chemistry and carbon materials. Its key business includes refractory manufacture and sale, furnace construction and maintenance, lime business, environmental business, comprehensive chemicals, carbon materials, and secondary battery anode materials among others.

Posco Future M (XKRX:003670) Headlines

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