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Thinkware Systems (XKRX:084730) Receivables Turnover : 2.34 (As of Mar. 2025)


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What is Thinkware Systems 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. Thinkware Systems's Revenue for the three months ended in Mar. 2025 was ₩142,491 Mil. Thinkware Systems's average Accounts Receivable for the three months ended in Mar. 2025 was ₩60,823 Mil. Hence, Thinkware Systems's Receivables Turnover for the three months ended in Mar. 2025 was 2.34.


Thinkware Systems Receivables Turnover Historical Data

The historical data trend for Thinkware Systems'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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Thinkware Systems Receivables Turnover Chart

Thinkware Systems 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 11.15 9.54 10.08 8.43 8.05

Thinkware Systems 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 1.90 2.89 2.36 2.14 2.34

Competitive Comparison of Thinkware Systems's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Thinkware Systems'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.


Thinkware Systems's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Thinkware Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Thinkware Systems's Receivables Turnover falls into.


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Thinkware Systems Receivables Turnover Calculation

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

Thinkware Systems'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 )
=489135.005 / ((60690.672 + 60823.31) / 2 )
=489135.005 / 60756.991
=8.05

Thinkware Systems'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 )
=142491.237 / ((60823.31 + 0) / 1 )
=142491.237 / 60823.31
=2.34

* 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.


Thinkware Systems  (XKRX:084730) 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.


Thinkware Systems Receivables Turnover Related Terms

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Thinkware Systems Business Description

Traded in Other Exchanges
N/A
Address
240 (Sampyeong-dong 678), Samhwan Highpex A 9th Floor, Bundang-gu, Seongnam, KOR
Thinkware Systems Corp is engaged in manufacturing location and navigation systems in South Korea. Its products include navigation, map software, black box for automobiles, tablet personal computer and location-based services.

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