Ajusteel Co (XKRX:139990) Receivables Turnover : 1.75 (As of Mar. 2024)

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What is Ajusteel 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. Ajusteel Co's Revenue for the three months ended in Mar. 2024 was ₩248,870 Mil. Ajusteel Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩142,191 Mil. Hence, Ajusteel Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.75.

Ajusteel Co Receivables Turnover Historical Data

The historical data trend for Ajusteel 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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Ajusteel Co Receivables Turnover Chart

Ajusteel Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.45

6.54

7.45

7.79

7.45

Ajusteel Co Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.57	1.67	1.54	1.40	1.75

Competitive Comparison of Ajusteel Co's Receivables Turnover

For the Steel subindustry, Ajusteel 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.

Ajusteel Co's Receivables Turnover Distribution in the Steel Industry

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

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

Ajusteel Co Receivables Turnover Calculation

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

Ajusteel 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 )
=	944614.439	/ (	(116225.458	+	137419.451)	/	2 )
=	944614.439	/	126822.4545
=	7.45

Ajusteel 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 )
=	248869.598	/ (	(137419.451	+	146963.325)	/	2 )
=	248869.598	/	142191.388
=	1.75

Ajusteel Co (XKRX:139990) 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.

Ajusteel Co Receivables Turnover Related Terms

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Ajusteel Co (XKRX:139990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ajusteel Co Ltd (XKRX:139990) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

321, 4-gongdan-ro, Gumi, Gyeongsangbuk-do, KOR

Website

http://www.ajusteel.com

Ajusteel Co Ltd is a steel company in Korea. It owns the full spectrum of manufacturing methods for designing steel surfaces. Its products include Texteel, SUSlike, Silk, pMCCL, Atex among others.

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