BGF Retail Co (XKRX:282330) Receivables Turnover : 10.87 (As of Mar. 2024)

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What is BGF Retail 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. BGF Retail Co's Revenue for the three months ended in Mar. 2024 was ₩1,953,820 Mil. BGF Retail Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩179,673 Mil. Hence, BGF Retail Co's Receivables Turnover for the three months ended in Mar. 2024 was 10.87.

BGF Retail Co Receivables Turnover Historical Data

The historical data trend for BGF Retail 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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BGF Retail Co Receivables Turnover Chart

BGF Retail Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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107.87

112.13

106.36

75.85

53.33

BGF Retail 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															14.49	-	-	11.35	10.87

Competitive Comparison of BGF Retail Co's Receivables Turnover

For the Grocery Stores subindustry, BGF Retail 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.

BGF Retail Co's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, BGF Retail Co's Receivables Turnover distribution charts can be found below:

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

BGF Retail Co Receivables Turnover Calculation

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

BGF Retail 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 )
=	8194753.979	/ (	(127653.657	+	179672.894)	/	2 )
=	8194753.979	/	153663.2755
=	53.33

BGF Retail 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 )
=	1953820.038	/ (	(179672.894	+	0)	/	1 )
=	1953820.038	/	179672.894
=	10.87

BGF Retail Co (XKRX:282330) 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.

BGF Retail Co Receivables Turnover Related Terms

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BGF Retail Co (XKRX:282330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » BGF Retail Co Ltd (XKRX:282330) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Taeheran-ro, BGF Building, Gangnam-ku, Samsung-dong, Seoul, KOR

Website

http://www.bgfretail.com

BGF Retail Co Ltd operates retailer stores in Korea. The company's business sector includes BGFnetworks, BGFhumannet, BGFlogis, and BGFfoods. BGFnetworks is engaged in the digital advertising business, cash logistics, and e-vouchers, BGFhumannet is specialized in finding human resources, BGFlogis provides distribution services, and BGFfoods operates both a food manufacturing facility and distribution center to make fresh foods such as lunch boxes, rice balls, sushi rolls, sandwiches, and hamburgers.

BGF Retail Co (XKRX:282330) Headlines

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