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Daesang Holdings Co (XKRX:084695) Receivables Turnover : 2.44 (As of Jun. 2024)


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What is Daesang Holdings 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. Daesang Holdings Co's Revenue for the three months ended in Jun. 2024 was ₩1,305,451 Mil. Daesang Holdings Co's average Accounts Receivable for the three months ended in Jun. 2024 was ₩535,585 Mil. Hence, Daesang Holdings Co's Receivables Turnover for the three months ended in Jun. 2024 was 2.44.


Daesang Holdings Co Receivables Turnover Historical Data

The historical data trend for Daesang Holdings 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.

Daesang Holdings Co Receivables Turnover Chart

Daesang Holdings 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 11.84 11.65 11.33 11.65 10.85

Daesang Holdings 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 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 2.65 2.57 2.31 2.59 2.44

Competitive Comparison of Daesang Holdings Co's Receivables Turnover

For the Packaged Foods subindustry, Daesang Holdings 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.


Daesang Holdings Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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



Daesang Holdings Co Receivables Turnover Calculation

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

Daesang Holdings 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 )
=5259400.43 / ((479681.115 + 490108.709) / 2 )
=5259400.43 / 484894.912
=10.85

Daesang Holdings 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 )
=1305451.022 / ((527136.107 + 544033.586) / 2 )
=1305451.022 / 535584.8465
=2.44

* 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.


Daesang Holdings Co  (XKRX:084695) 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.


Daesang Holdings Co Receivables Turnover Related Terms

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Daesang Holdings Co Business Description

Traded in Other Exchanges
Address
62-2 Yongdab-dong, Sungdong-gu, Seoul, KOR, 133-848
Daesang Holdings Co Ltd is a holding company. The company is engaged in the manufacturing and sale of processed food products such as processed food and starch products. Its products mostly include Soyabean paste; Marinade; Soy sauce; fish sauce and amongst others.

Daesang Holdings Co Headlines

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