YM Tech Co (XKRX:273640) Receivables Turnover : 1.32 (As of Mar. 2024)

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What is YM Tech 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. YM Tech Co's Revenue for the three months ended in Mar. 2024 was ₩7,309 Mil. YM Tech Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩5,537 Mil. Hence, YM Tech Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.32.

YM Tech Co Receivables Turnover Historical Data

The historical data trend for YM Tech 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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YM Tech Co Receivables Turnover Chart

YM Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.39

6.60

8.70

9.11

5.72

YM Tech Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.25	1.29	1.01	1.06	1.32

Competitive Comparison of YM Tech Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, YM Tech 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.

YM Tech Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

YM Tech Co Receivables Turnover Calculation

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

YM Tech 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 )
=	34880.93	/ (	(7042.493	+	5146.986)	/	2 )
=	34880.93	/	6094.7395
=	5.72

YM Tech 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 )
=	7308.508	/ (	(5146.986	+	5927.317)	/	2 )
=	7308.508	/	5537.1515
=	1.32

YM Tech Co (XKRX:273640) 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.

YM Tech Co Receivables Turnover Related Terms

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YM Tech Co (XKRX:273640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » YM Tech Co Ltd (XKRX:273640) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

38 Gwahaksaneop 3Ro, Oksan-Cheongju-si, Heungdeok-gu, Chungcheongbuk-do, Cheongju-si, KOR

Website

http://www.goodymt.com

YM Tech Co Ltd is a company engaged in high voltage DC power. Its major products include EV Relay and Electric Car PRA, DC Contractor Relay, Power Relay, Latching Relay, and Military Relay.

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