Cuckoo Homesys Co (XKRX:284740) Receivables Turnover : 6.05 (As of Sep. 2024)

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What is Cuckoo Homesys 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. Cuckoo Homesys Co's Revenue for the three months ended in Sep. 2024 was ₩253,840 Mil. Cuckoo Homesys Co's average Accounts Receivable for the three months ended in Sep. 2024 was ₩41,956 Mil. Hence, Cuckoo Homesys Co's Receivables Turnover for the three months ended in Sep. 2024 was 6.05.

Cuckoo Homesys Co Receivables Turnover Historical Data

The historical data trend for Cuckoo Homesys 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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Cuckoo Homesys Co Receivables Turnover Chart

Cuckoo Homesys Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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17.38

18.78

20.10

23.72

24.13

Cuckoo Homesys 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															5.62	5.87	6.29	6.40	6.05

Competitive Comparison of Cuckoo Homesys Co's Receivables Turnover

For the Rental & Leasing Services subindustry, Cuckoo Homesys 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.

Cuckoo Homesys Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Cuckoo Homesys Co's Receivables Turnover distribution charts can be found below:

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

Cuckoo Homesys Co Receivables Turnover Calculation

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

Cuckoo Homesys 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 )
=	954551.724	/ (	(39867.448	+	39234.231)	/	2 )
=	954551.724	/	39550.8395
=	24.13

Cuckoo Homesys 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 )
=	253840.041	/ (	(43282.526	+	40628.506)	/	2 )
=	253840.041	/	41955.516
=	6.05

Cuckoo Homesys Co (XKRX:284740) 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.

Cuckoo Homesys Co Receivables Turnover Related Terms

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Cuckoo Homesys Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Cuckoo Homesys Co Ltd (XKRX:284740) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

349, Mt.Vi North Road, Gyeonggi-do, Siheung City, KOR

Website

http://www.cuckoo.co.kr

Cuckoo Homesys Co Ltd is a South Korea based company engaged in manufacturing Kitchen, Health Care, and Living Appliances. It produces and sells electric pressure cookers, blenders, water purifiers, and heaters. The company markets its products through the world.

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