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Dongil Steel Co (XKRX:023790) Receivables Turnover : 1.49 (As of Sep. 2024)


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What is Dongil Steel 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. Dongil Steel Co's Revenue for the three months ended in Sep. 2024 was ₩3,543 Mil. Dongil Steel Co's average Accounts Receivable for the three months ended in Sep. 2024 was ₩2,377 Mil. Hence, Dongil Steel Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.49.


Dongil Steel Co Receivables Turnover Historical Data

The historical data trend for Dongil Steel 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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Dongil Steel Co Receivables Turnover Chart

Dongil Steel Co 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 2.71 2.41 5.16 6.03 4.94

Dongil Steel Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 1.52 1.54 1.56 1.85 1.49

Competitive Comparison of Dongil Steel Co's Receivables Turnover

For the Steel subindustry, Dongil Steel 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.


Dongil Steel Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Dongil Steel Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Dongil Steel Co's Receivables Turnover falls into.



Dongil Steel Co Receivables Turnover Calculation

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

Dongil Steel 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 )
=21471.427 / ((5245.937 + 3446.33) / 2 )
=21471.427 / 4346.1335
=4.94

Dongil Steel Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=3542.977 / ((2722.718 + 2032.011) / 2 )
=3542.977 / 2377.3645
=1.49

* 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.


Dongil Steel Co  (XKRX:023790) 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.


Dongil Steel Co Receivables Turnover Related Terms

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Dongil Steel Co Business Description

Traded in Other Exchanges
N/A
Address
716-1 Hakjang-dong, Sasang-gu, Busan, KOR, 617-843
Dongil Steel Co Ltd is a South Korea-based company engaged in the manufacturing of steel and its products. The product portfolio of the company includes Cold Drawn Steel Round Bar, Cold Drawn Steel Square Bar, Cold Drawn Steel Hexagonal Bar, Angle, and Channel among others.

Dongil Steel Co Headlines

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