Ycchem Co (XKRX:112290) Receivables Turnover : 2.67 (As of Mar. 2024)

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What is Ycchem 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. Ycchem Co's Revenue for the three months ended in Mar. 2024 was ₩15,896 Mil. Ycchem Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩5,944 Mil. Hence, Ycchem Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.67.

Ycchem Co Receivables Turnover Historical Data

The historical data trend for Ycchem 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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Ycchem Co Receivables Turnover Chart

Ycchem Co Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

12.18

12.05

12.30

Ycchem Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							2.53	3.08	2.96	2.82	2.67

Competitive Comparison of Ycchem Co's Receivables Turnover

For the Specialty Chemicals subindustry, Ycchem 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.

Ycchem Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ycchem Co's Receivables Turnover distribution charts can be found below:

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

Ycchem Co Receivables Turnover Calculation

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

Ycchem Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	82350.14	/ (	(6038.233	+	7348.591)	/	2 )
=	82350.14	/	6693.412
=	12.30

Ycchem Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	15896.062	/ (	(5402.318	+	6484.801)	/	2 )
=	15896.062	/	5943.5595
=	2.67

Ycchem Co (XKRX:112290) 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.

Ycchem Co Receivables Turnover Related Terms

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Ycchem Co (XKRX:112290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ycchem Co Ltd (XKRX:112290) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

174-12, Yuseori-gil, Seonnam-myeon, Gyeongsangbuk-do, Seongju-gun, KOR

Website

http://www.ycchem.co.kr

Ycchem Co Ltd is a developer and producer of chemical materials that it supplies to the semiconductor, display, and eco-friendly energy industries. Its products comprise of Wafering, Chemical Mechanical Planarization, Rinsing Solution, Etchant, among others.

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