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Seohee Construction Co (XKRX:035890) Receivables Turnover : 1.03 (As of Mar. 2024)


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What is Seohee Construction 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. Seohee Construction Co's Revenue for the three months ended in Mar. 2024 was ₩364,785 Mil. Seohee Construction Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩354,308 Mil. Hence, Seohee Construction Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.03.


Seohee Construction Co Receivables Turnover Historical Data

The historical data trend for Seohee Construction 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.

* Premium members only.

Seohee Construction Co Receivables Turnover Chart

Seohee Construction 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 4.65 4.45 5.50 5.58 4.65

Seohee Construction 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 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 1.13 1.27 1.14 1.28 1.03

Competitive Comparison of Seohee Construction Co's Receivables Turnover

For the Engineering & Construction subindustry, Seohee Construction 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.


Seohee Construction Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Seohee Construction Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Seohee Construction Co's Receivables Turnover falls into.



Seohee Construction Co Receivables Turnover Calculation

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

Seohee Construction 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 )
=1441907.75 / ((305906.898 + 314364.404) / 2 )
=1441907.75 / 310135.651
=4.65

Seohee Construction 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 )
=364784.617 / ((314364.404 + 394251.403) / 2 )
=364784.617 / 354307.9035
=1.03

* 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.


Seohee Construction Co  (XKRX:035890) 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.


Seohee Construction Co Receivables Turnover Related Terms

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Seohee Construction Co (XKRX:035890) Business Description

Traded in Other Exchanges
N/A
Address
South Ring Road 2583, Seo-hee Towers 13 Stories, Seocho-gu, Seocho-dong, Seoul, KOR
Seohee Construction Co Ltd operates as a construction company primarily in South Korea. It primarily undertakes housing, enforcement, redevelopment, reconstruction, officetels, public apartment, civil engineering, and environment projects, as well as other private contracts. It also invests in environment conservation and environmental projects for the development of new and renewable energy.

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