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Techwing (XKRX:089030) Receivables Turnover : 1.09 (As of Dec. 2023)


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What is Techwing 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. Techwing's Revenue for the three months ended in Dec. 2023 was ₩41,160 Mil. Techwing's average Accounts Receivable for the three months ended in Dec. 2023 was ₩37,885 Mil. Hence, Techwing's Receivables Turnover for the three months ended in Dec. 2023 was 1.09.


Techwing Receivables Turnover Historical Data

The historical data trend for Techwing'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.

Techwing Receivables Turnover Chart

Techwing 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 3.16 3.44 3.28 3.74 2.88

Techwing 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 0.76 0.56 0.87 0.62 1.09

Competitive Comparison of Techwing's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Techwing'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.


Techwing's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Techwing's Receivables Turnover distribution charts can be found below:

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



Techwing Receivables Turnover Calculation

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

Techwing'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 )
=133604.26 / ((53298.941 + 39462.16) / 2 )
=133604.26 / 46380.5505
=2.88

Techwing'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 )
=41160.463 / ((36307.559 + 39462.16) / 2 )
=41160.463 / 37884.8595
=1.09

* 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.


Techwing  (XKRX:089030) 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.


Techwing Receivables Turnover Related Terms

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Techwing (XKRX:089030) Business Description

Traded in Other Exchanges
N/A
Address
37, Dongtan Sandan 6-gil, Dongtan-myeon, Hwaseong-si, Gyeonggi-do, KOR, 445-813
Techwing Inc manufactures and sells semiconductor equipment. It focuses on memory test handlers. It is known for its memory/ flash test handlers in the industry. It offers memory test handler, logic test handler, module handler. It offers its products to the semiconductor industry.

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