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Cenit Co (XKRX:037760) Receivables Turnover : 1.33 (As of Mar. 2025)


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What is Cenit 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. Cenit Co's Revenue for the three months ended in Mar. 2025 was ₩28,711 Mil. Cenit Co's average Accounts Receivable for the three months ended in Mar. 2025 was ₩21,638 Mil. Hence, Cenit Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.33.


Cenit Co Receivables Turnover Historical Data

The historical data trend for Cenit 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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Cenit Co Receivables Turnover Chart

Cenit Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.25 6.89 7.26 6.28 6.11

Cenit Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.47 1.76 1.39 1.70 1.33

Competitive Comparison of Cenit Co's Receivables Turnover

For the Steel subindustry, Cenit 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.


Cenit Co's Receivables Turnover Distribution in the Steel Industry

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

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


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Cenit Co Receivables Turnover Calculation

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

Cenit Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Receivables Turnover (A: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2024 ) / ((Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count )
=132439.88 / ((21745.037 + 21638.358) / 2 )
=132439.88 / 21691.6975
=6.11

Cenit Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

Receivables Turnover (Q: Mar. 2025 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2025 ) / ((Accounts Receivable (Q: Dec. 2024 ) + Accounts Receivable (Q: Mar. 2025 )) / count )
=28711.08 / ((21638.358 + 0) / 1 )
=28711.08 / 21638.358
=1.33

* 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.


Cenit Co  (XKRX:037760) 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.


Cenit Co Receivables Turnover Related Terms

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Cenit Co Business Description

Traded in Other Exchanges
N/A
Address
1344-21 Seocho-dong, 2F Ilsuk Building, Seocho-gu, Seoul, KOR
Cenit Co Ltd is involved in manufacturing and selling cold-rolled stainless-steel coils and straps in South Korea. It offers stainless steel coils in a range of sizes and grades to electronics, construction, household appliances, automotive vehicles, and industrial equipment industries.

Cenit Co Headlines

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