DeviceENG Co (XKRX:187870) Receivables Turnover : 5.16 (As of Jun. 2024)

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What is DeviceENG 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. DeviceENG Co's Revenue for the three months ended in Jun. 2024 was ₩7,675 Mil. DeviceENG Co's average Accounts Receivable for the three months ended in Jun. 2024 was ₩1,487 Mil. Hence, DeviceENG Co's Receivables Turnover for the three months ended in Jun. 2024 was 5.16.

DeviceENG Co Receivables Turnover Historical Data

The historical data trend for DeviceENG 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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DeviceENG Co Receivables Turnover Chart

DeviceENG Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.54

14.14

12.20

9.08

12.23

DeviceENG Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.65	3.37	6.79	2.79	5.16

Competitive Comparison of DeviceENG Co's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, DeviceENG 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.

DeviceENG Co's Receivables Turnover Distribution in the Semiconductors Industry

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

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

DeviceENG Co Receivables Turnover Calculation

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

DeviceENG 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 )
=	57152.092	/ (	(5382.58	+	3964.647)	/	2 )
=	57152.092	/	4673.6135
=	12.23

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

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	7674.566	/ (	(1738.804	+	1235.068)	/	2 )
=	7674.566	/	1486.936
=	5.16

DeviceENG Co (XKRX:187870) 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.

DeviceENG Co Receivables Turnover Related Terms

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DeviceENG Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » DeviceENG Co Ltd (XKRX:187870) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

169, Eumbong-myeon, Chungcheongnam-do, Asan, KOR, 336-864

Website

http://www.deviceeng.co.kr

DeviceENG Co Ltd is a Korean company engaged in the business of manufacturing and selling automatic control system of high value-added Semiconductor (Auto FOUP Cleaner,POD Cleaner, Wet Station),Display(Mask Cleaner, PFC Cleaner, Spin Coeter), Material Parts(Filter, Film) to domestic and overseas Semiconductor and LCD manufacturers.

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