Hanil Chemical Ind Co (XKRX:007770) Receivables Turnover : 1.49 (As of Mar. 2025)

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What is Hanil Chemical Ind 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. Hanil Chemical Ind Co's Revenue for the three months ended in Mar. 2025 was ₩32,120 Mil. Hanil Chemical Ind Co's average Accounts Receivable for the three months ended in Mar. 2025 was ₩21,620 Mil. Hence, Hanil Chemical Ind Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.49.

Hanil Chemical Ind Co Receivables Turnover Historical Data

The historical data trend for Hanil Chemical Ind 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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Hanil Chemical Ind Co Receivables Turnover Chart

Hanil Chemical Ind Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

5.74

6.47

7.51

5.79

6.04

Hanil Chemical Ind Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.43	1.52	1.60	1.64	1.49

Competitive Comparison of Hanil Chemical Ind Co's Receivables Turnover

For the Specialty Chemicals subindustry, Hanil Chemical Ind 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.

Hanil Chemical Ind Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hanil Chemical Ind Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hanil Chemical Ind Co's Receivables Turnover falls into.

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Hanil Chemical Ind Co Receivables Turnover Calculation

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

Hanil Chemical Ind Co'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 )
=	125281.653	/ (	(19736.132	+	21756.243)	/	2 )
=	125281.653	/	20746.1875
=	6.04

Hanil Chemical Ind Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	32119.578	/ (	(21756.243	+	21483.662)	/	2 )
=	32119.578	/	21619.9525
=	1.49

Hanil Chemical Ind Co (XKRX:007770) 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.

Hanil Chemical Ind Co Receivables Turnover Related Terms

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Hanil Chemical Ind Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hanil Chemical Ind Co Ltd (XKRX:007770) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1241-3 Jeongwang-dong, Sihwa Industrial Complex, Kyunggi, Siheung-si, KOR, 429-450

Website

http://www.hanzinc.com

Hanil Chemical Ind Co Ltd is involved in developing, producing, and selling zinc oxide products. It offers KS-1 and KS-2 white powder in the hexagonal system formation; AP-1, a whitish powder in the needle-shaped formation; calcined zinc oxide; HBC, an accelerator for enhancing surface adhesive strength of steel cord and rubber; and flame retardants. The company's products are used as raw materials in the rubber, electronics, paint, chemical, ceramics, pharmaceutical, animal feed, and cosmetics industries.

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