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Asia Technology Co (XKRX:050860) Receivables Turnover : 0.65 (As of Dec. 2023)


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What is Asia Technology 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. Asia Technology Co's Revenue for the three months ended in Dec. 2023 was ₩25,771 Mil. Asia Technology Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩39,680 Mil. Hence, Asia Technology Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.65.


Asia Technology Co Receivables Turnover Historical Data

The historical data trend for Asia Technology 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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Asia Technology Co Receivables Turnover Chart

Asia Technology Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 2.31 2.32 3.41 2.83

Asia Technology Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.67 0.67 0.60 0.46 0.65

Competitive Comparison of Asia Technology Co's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Asia Technology 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.


Asia Technology Co's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Asia Technology Co's Receivables Turnover distribution charts can be found below:

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



Asia Technology Co Receivables Turnover Calculation

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

Asia Technology Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=123630.724 / ((41130.958 + 46213.219) / 2 )
=123630.724 / 43672.0885
=2.83

Asia Technology Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=25770.815 / ((34233.022 + 45126.712) / 2 )
=25770.815 / 39679.867
=0.65

* 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.


Asia Technology Co  (XKRX:050860) 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.


Asia Technology Co Receivables Turnover Related Terms

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Asia Technology Co (XKRX:050860) Business Description

Traded in Other Exchanges
N/A
Address
168, Geum-ri, Yuga-myeon, Dalseong-gun, Daegu-si, KOR
Asia Technology Co Ltd Was founded in 1945, and it is Korea's first general agricultural machinery manufacturer.

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