LKmyang Co (XKRX:225190) Receivables Turnover : 1.32 (As of Sep. 2024)

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What is LKmyang 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. LKmyang Co's Revenue for the three months ended in Sep. 2024 was ₩9,605 Mil. LKmyang Co's average Accounts Receivable for the three months ended in Sep. 2024 was ₩7,261 Mil. Hence, LKmyang Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.32.

LKmyang Co Receivables Turnover Historical Data

The historical data trend for LKmyang 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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LKmyang Co Receivables Turnover Chart

LKmyang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.07

4.31

8.31

7.08

6.77

LKmyang Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.06	2.34	1.79	1.31	1.32

Competitive Comparison of LKmyang Co's Receivables Turnover

For the Leisure subindustry, LKmyang 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.

LKmyang Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, LKmyang Co's Receivables Turnover distribution charts can be found below:

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

LKmyang Co Receivables Turnover Calculation

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

LKmyang 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 )
=	39031.723	/ (	(6166.425	+	5356.119)	/	2 )
=	39031.723	/	5761.272
=	6.77

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

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	9604.78	/ (	(6155.263	+	8367.139)	/	2 )
=	9604.78	/	7261.201
=	1.32

LKmyang Co (XKRX:225190) 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.

LKmyang Co Receivables Turnover Related Terms

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LKmyang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » LK Samyang Co Ltd (XKRX:225190) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

123, Jayumuyeok 6-gil Masan Hoewon-gu, Changwon, KOR, 51343

Website

https://www.lksamyang.com

LK Samyang Co Ltd is a South Korea-based company that manufactures and sells optical Instruments and Lenses. The company offers photo lenses with autofocus, manual focus, premium, CINE, and professional lenses. It operates with interchangeable lenses used in interchangeable lens cameras as its main product. Interchangeable lenses refer to lenses that can be used for digital single-lens reflex, mirrorless, and other professional video cine cameras that can be used by attaching and exchanging separate lenses on the camera body.

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