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Creverse (XKRX:096240) Receivables Turnover : 3.74 (As of Dec. 2023)


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What is Creverse 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. Creverse's Revenue for the three months ended in Dec. 2023 was ₩55,316 Mil. Creverse's average Accounts Receivable for the three months ended in Dec. 2023 was ₩14,775 Mil. Hence, Creverse's Receivables Turnover for the three months ended in Dec. 2023 was 3.74.


Creverse Receivables Turnover Historical Data

The historical data trend for Creverse'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.

Creverse Receivables Turnover Chart

Creverse 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 10.95 11.48 14.81 17.18 16.77

Creverse 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 4.06 4.44 4.17 4.14 3.74

Competitive Comparison of Creverse's Receivables Turnover

For the Education & Training Services subindustry, Creverse'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.


Creverse's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Creverse's Receivables Turnover distribution charts can be found below:

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



Creverse Receivables Turnover Calculation

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

Creverse'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 )
=233485.122 / ((13337.198 + 14516.666) / 2 )
=233485.122 / 13926.932
=16.77

Creverse'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 )
=55315.807 / ((15034.211 + 14516.666) / 2 )
=55315.807 / 14775.4385
=3.74

* 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.


Creverse  (XKRX:096240) 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.


Creverse Receivables Turnover Related Terms

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Creverse (XKRX:096240) Business Description

Traded in Other Exchanges
N/A
Address
521, Teheran-ro, Gangnam-gu, 21Floor, Parnas Tower, Samseong-dong, Seoul, KOR, 135-953
Creverse Inc, formerly Chungdahm Learning Inc runs ESL institute biz, ESL contents biz, and online teaching biz. It began Chengdam English Institute Franchise biz in 2004, went into public (KOSDAQ) in 2008, and developed smart learning service with SK Telecom in 2011.

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