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BIT Computer Co (XKRX:032850) Receivables Turnover : 2.36 (As of Sep. 2024)


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What is BIT Computer 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. BIT Computer Co's Revenue for the three months ended in Sep. 2024 was ₩8,433 Mil. BIT Computer Co's average Accounts Receivable for the three months ended in Sep. 2024 was ₩3,579 Mil. Hence, BIT Computer Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.36.


BIT Computer Co Receivables Turnover Historical Data

The historical data trend for BIT Computer 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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BIT Computer Co Receivables Turnover Chart

BIT Computer 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 7.07 9.43 11.67 10.49 7.79

BIT Computer 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 1.88 2.45 2.39 2.57 2.36

Competitive Comparison of BIT Computer Co's Receivables Turnover

For the Health Information Services subindustry, BIT Computer 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.


BIT Computer Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, BIT Computer Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where BIT Computer Co's Receivables Turnover falls into.



BIT Computer Co Receivables Turnover Calculation

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

BIT Computer 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 )
=33458.509 / ((3873.171 + 4717.484) / 2 )
=33458.509 / 4295.3275
=7.79

BIT Computer 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 )
=8432.876 / ((3677.402 + 3481.442) / 2 )
=8432.876 / 3579.422
=2.36

* 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.


BIT Computer Co  (XKRX:032850) 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.


BIT Computer Co Receivables Turnover Related Terms

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BIT Computer Co Business Description

Traded in Other Exchanges
N/A
Address
1327-33 Bitville Seocho-dong, Seocho-gu, Seoul, KOR, 137-072
BIT Computer Co Ltd operates in the health information services industry in South Korea. The company is engaged in the development of medical information systems. The business domain of the company includes medical information business division, digital health business division, public health business division, and education business division.

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