Chunbo Co (XKRX:278280) Receivables Turnover : 1.50 (As of Mar. 2024)

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What is Chunbo 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. Chunbo Co's Revenue for the three months ended in Mar. 2024 was ₩39,750 Mil. Chunbo Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩26,493 Mil. Hence, Chunbo Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.50.

Chunbo Co Receivables Turnover Historical Data

The historical data trend for Chunbo 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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Chunbo Co Receivables Turnover Chart

Chunbo Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.91

5.63

5.95

5.65

4.40

Chunbo 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															1.04	1.45	1.41	1.23	1.50

Competitive Comparison of Chunbo Co's Receivables Turnover

For the Chemicals subindustry, Chunbo 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.

Chunbo Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chunbo Co's Receivables Turnover distribution charts can be found below:

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

Chunbo Co Receivables Turnover Calculation

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

Chunbo 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 )
=	182697.746	/ (	(57450.397	+	25612.848)	/	2 )
=	182697.746	/	41531.6225
=	4.40

Chunbo 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 )
=	39749.642	/ (	(25612.848	+	27373.414)	/	2 )
=	39749.642	/	26493.131
=	1.50

Chunbo Co (XKRX:278280) 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.

Chunbo Co Receivables Turnover Related Terms

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Chunbo Co (XKRX:278280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chunbo Co Ltd (XKRX:278280) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

312, Jungwonsaneop-ro, Judeok-eup, Chungcheongbuk-do, Chungju-si, KOR

Website

http://www.chunbochem.com

Chunbo Co Ltd is a general chemical material company based in South Korea. It provides Display Application Materials, Semiconductor Application Materials, Secondary Battery Materials, Pharmaceutical Intermediates and Specialty Chemicals. The chemicals offered by the company include Potassium nitrate, Potassium acetate, Potassium sulfate, Ammonium chloride and Fluoroethylene carbonate among others.

Chunbo Co (XKRX:278280) Headlines

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