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Secucen Co (XKRX:232830) Receivables Turnover : 3.16 (As of Mar. 2024)


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What is Secucen 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. Secucen Co's Revenue for the three months ended in Mar. 2024 was ₩4,060 Mil. Secucen Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩1,286 Mil. Hence, Secucen Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.16.


Secucen Co Receivables Turnover Historical Data

The historical data trend for Secucen 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.

* Premium members only.

Secucen Co Receivables Turnover Chart

Secucen Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.26 6.16 8.17 15.16 8.10

Secucen Co Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 2.53 1.62 1.83 3.26 3.16

Competitive Comparison of Secucen Co's Receivables Turnover

For the Software - Infrastructure subindustry, Secucen 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.


Secucen Co's Receivables Turnover Distribution in the Software Industry

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

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



Secucen Co Receivables Turnover Calculation

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

Secucen 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 )
=16219.15 / ((2171.508 + 1831.461) / 2 )
=16219.15 / 2001.4845
=8.10

Secucen 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 )
=4060.22 / ((1831.461 + 740.939) / 2 )
=4060.22 / 1286.2
=3.16

* 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.


Secucen Co  (XKRX:232830) 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.


Secucen Co Receivables Turnover Related Terms

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Secucen Co (XKRX:232830) Business Description

Traded in Other Exchanges
N/A
Address
Banpo Road, 13th Aittsen Building, 2nd floor, Seocho-gu, Seoul, KOR, 02 841
Secucen Co Ltd is an IT services company providing security solutions, electronic signature services, mobile security services and integrated security platform. Its security solutions services include providing encryption solution, financial transactions detection solution, tamper-proof solutions through different apps like Barun AppIron, Barun FDS, and Edge DB.

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