Oriental Precision & Engineering Co (XKRX:014940) Receivables Turnover : 4.34 (As of Mar. 2024)

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What is Oriental Precision & Engineering 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. Oriental Precision & Engineering Co's Revenue for the three months ended in Mar. 2024 was ₩43,115 Mil. Oriental Precision & Engineering Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩9,925 Mil. Hence, Oriental Precision & Engineering Co's Receivables Turnover for the three months ended in Mar. 2024 was 4.34.

Oriental Precision & Engineering Co Receivables Turnover Historical Data

The historical data trend for Oriental Precision & Engineering 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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Oriental Precision & Engineering Co Receivables Turnover Chart

Oriental Precision & Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.42

17.81

11.87

17.20

18.01

Oriental Precision & Engineering Co 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															4.33	-	-	4.42	4.34

Competitive Comparison of Oriental Precision & Engineering Co's Receivables Turnover

For the Aerospace & Defense subindustry, Oriental Precision & Engineering 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.

Oriental Precision & Engineering Co's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Oriental Precision & Engineering Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Oriental Precision & Engineering Co's Receivables Turnover falls into.

Oriental Precision & Engineering Co Receivables Turnover Calculation

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

Oriental Precision & Engineering 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 )
=	157532.717	/ (	(7568.469	+	9924.738)	/	2 )
=	157532.717	/	8746.6035
=	18.01

Oriental Precision & Engineering Co'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 )
=	43114.865	/ (	(9924.738	+	0)	/	1 )
=	43114.865	/	9924.738
=	4.34

Oriental Precision & Engineering Co (XKRX:014940) 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.

Oriental Precision & Engineering Co Receivables Turnover Related Terms

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Oriental Precision & Engineering Co (XKRX:014940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Oriental Precision & Engineering Co Ltd (XKRX:014940) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1614-1 Songjeong-dong, Gangseo-gu, Busan, KOR

Website

http://eng.opco.co.kr

Oriental Precision & Engineering Co Ltd engages in the manufacture machineries and equipment for ships. It products include lifting appliances, engine room crane,engine room casings, funnels, and hull blocks; and machineries, such as deck, hose handling, provision, knuckle, electric slewing, monorail, offshore, jib, and gantry cranes, life saving appliances, deck machinery, deck house, engine room casing, funnel, and living quarter.

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