Seojeon Electric Machinery Co (XKRX:189860) Receivables Turnover : 0.38 (As of Mar. 2024)

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What is Seojeon Electric Machinery 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. Seojeon Electric Machinery Co's Revenue for the three months ended in Mar. 2024 was ₩5,251 Mil. Seojeon Electric Machinery Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩14,002 Mil. Hence, Seojeon Electric Machinery Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.38.

Seojeon Electric Machinery Co Receivables Turnover Historical Data

The historical data trend for Seojeon Electric Machinery 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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Seojeon Electric Machinery Co Receivables Turnover Chart

Seojeon Electric Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.59

3.77

3.65

3.64

2.79

Seojeon Electric Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.37	0.85	0.87	1.89	0.38

Competitive Comparison of Seojeon Electric Machinery Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Seojeon Electric Machinery 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.

Seojeon Electric Machinery Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Seojeon Electric Machinery Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Seojeon Electric Machinery Co's Receivables Turnover falls into.

Seojeon Electric Machinery Co Receivables Turnover Calculation

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

Seojeon Electric Machinery 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 )
=	43269.003	/ (	(14541.748	+	16424.146)	/	2 )
=	43269.003	/	15482.947
=	2.79

Seojeon Electric Machinery 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 )
=	5250.923	/ (	(16424.146	+	11578.871)	/	2 )
=	5250.923	/	14001.5085
=	0.38

Seojeon Electric Machinery Co (XKRX:189860) 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.

Seojeon Electric Machinery Co Receivables Turnover Related Terms

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Seojeon Electric Machinery Co (XKRX:189860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Seojeon Electric Machinery Co Ltd (XKRX:189860) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

38-19, Daewol-ro 667beon-gil, Daewol-myeon, Gyeonggi-do, Icheon, KOR, 17401

Website

http://www.sjem.co.kr

Seojeon Electric Machinery Co Ltd is engaged in manufacturing switchboards and electric automatic control panels. The switchboard products offered by the entity include eco-friendly switchboard, special high voltage switchboard, low-voltage switchboard. Motor control panel, MCSG, gas insulated switchgear, Seismic switchgear, rectifier and distribution board for the data center. The other products provided by the company are power control system, smart grid system, electric work and insulation degradation prevention device. In addition, the organization also offers electrical work services.

Seojeon Electric Machinery Co (XKRX:189860) Headlines

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