SK Chemicals Co (XKRX:28513K) Receivables Turnover : 2.12 (As of Sep. 2024)

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What is SK Chemicals 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. SK Chemicals Co's Revenue for the three months ended in Sep. 2024 was ₩426,348 Mil. SK Chemicals Co's average Accounts Receivable for the three months ended in Sep. 2024 was ₩201,485 Mil. Hence, SK Chemicals Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.12.

SK Chemicals Co Receivables Turnover Historical Data

The historical data trend for SK Chemicals 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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SK Chemicals Co Receivables Turnover Chart

SK Chemicals Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.29

7.61

12.78

10.04

10.35

SK Chemicals 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															2.74	2.26	2.26	2.17	2.12

Competitive Comparison of SK Chemicals Co's Receivables Turnover

For the Specialty Chemicals subindustry, SK Chemicals 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.

SK Chemicals Co's Receivables Turnover Distribution in the Chemicals Industry

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

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

SK Chemicals Co Receivables Turnover Calculation

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

SK Chemicals 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 )
=	1748777.74	/ (	(184227.66	+	153727.314)	/	2 )
=	1748777.74	/	168977.487
=	10.35

SK Chemicals 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 )
=	426348.303	/ (	(198856.153	+	204113.564)	/	2 )
=	426348.303	/	201484.8585
=	2.12

SK Chemicals Co (XKRX:28513K) 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.

SK Chemicals Co Receivables Turnover Related Terms

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SK Chemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SK Chemicals Co Ltd (XKRX:28513K) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

285130:Korea

Address

310, Pangyo-ro, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13494

Website

http://www.skchemicals.com

SK Chemicals Co Ltd is mainly engaged in manufacturing chemical products in Korea. The Green Chemicals of the company include Copolyester, 3D Printing Materials, Coating, and Adhesive Material, Engineering Plastic and BioMaterial among others. The company is also involved in Life science business which includes Prescription Medicines, Vaccines, and OTC Medicines.

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