Shinsegae Food Co (XKRX:031440) Receivables Turnover : 2.93 (As of Jun. 2024)

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What is Shinsegae Food 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. Shinsegae Food Co's Revenue for the three months ended in Jun. 2024 was ₩393,946 Mil. Shinsegae Food Co's average Accounts Receivable for the three months ended in Jun. 2024 was ₩134,617 Mil. Hence, Shinsegae Food Co's Receivables Turnover for the three months ended in Jun. 2024 was 2.93.

Shinsegae Food Co Receivables Turnover Historical Data

The historical data trend for Shinsegae Food 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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Shinsegae Food Co Receivables Turnover Chart

Shinsegae Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.48

11.07

11.66

11.77

11.29

Shinsegae Food Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.96	2.93	2.69	2.80	2.93

Competitive Comparison of Shinsegae Food Co's Receivables Turnover

For the Packaged Foods subindustry, Shinsegae Food 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.

Shinsegae Food Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shinsegae Food Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shinsegae Food Co's Receivables Turnover falls into.

Shinsegae Food Co Receivables Turnover Calculation

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

Shinsegae Food 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 )
=	1488920.671	/ (	(124155.212	+	139646.892)	/	2 )
=	1488920.671	/	131901.052
=	11.29

Shinsegae Food Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	393946.075	/ (	(133256.693	+	135977.227)	/	2 )
=	393946.075	/	134616.96
=	2.93

Shinsegae Food Co (XKRX:031440) 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.

Shinsegae Food Co Receivables Turnover Related Terms

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Shinsegae Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shinsegae Food Co Ltd (XKRX:031440) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Seongsuil-ro, 56th floor, Seongdong-gu, Seoul, KOR

Website

http://www.shinsegaefood.com

Shinsegae Food Co Ltd is involved in food manufacture, food distribution, food and beverage and food service and restaurant business. Food manufacture business includes manufacturers, soups, stews, casseroles, salads, processed meat, sauces, noodles, and rice cakes baked goods, etc. Food distribution business comprises supplying goods to customers such as restaurant franchises, food manufacturers, hotels, resorts, etc. The food and beverage business consists of the development of new concepts and premium food brands and foodservice business covers the provision of customized food services to facilities such as offices, research centers, hospitals, and universities. The firm promotes and develops brands such as Hansik Olbaan, peacock, Johnny rockets, zespri, among others.

Shinsegae Food Co Headlines

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