Sinsiway Co (XKRX:290560) Receivables Turnover : 1.77 (As of Mar. 2025)

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What is Sinsiway 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. Sinsiway Co's Revenue for the three months ended in Mar. 2025 was ₩1,984 Mil. Sinsiway Co's average Accounts Receivable for the three months ended in Mar. 2025 was ₩1,122 Mil. Hence, Sinsiway Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.77.

Sinsiway Co Receivables Turnover Historical Data

The historical data trend for Sinsiway 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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Sinsiway Co Receivables Turnover Chart

Sinsiway Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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3.98

3.81

3.96

4.30

6.83

Sinsiway Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial													1.23	2.39	2.36	4.29	1.77

Competitive Comparison of Sinsiway Co's Receivables Turnover

For the Software - Infrastructure subindustry, Sinsiway 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.

Sinsiway Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Sinsiway Co's Receivables Turnover distribution charts can be found below:

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

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Sinsiway Co Receivables Turnover Calculation

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

Sinsiway Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	11825.526	/ (	(2026.667	+	1438.515)	/	2 )
=	11825.526	/	1732.591
=	6.83

Sinsiway Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	1984.453	/ (	(1438.515	+	805.137)	/	2 )
=	1984.453	/	1121.826
=	1.77

Sinsiway Co (XKRX:290560) 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.

Sinsiway Co Receivables Turnover Related Terms

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Sinsiway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinsiway Co Ltd (XKRX:290560) » Definitions » Receivables Turnover

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Address

Room 405, Building D, H Business Park, 26, Beopwon-ro 9-gil, Songpa-gu, Seoul, KOR

Website

https://www.sinsiway.com

Sinsiway Co Ltd is a Korean Based Company whose main business is the data security business, and the products they develop and produce include DB access control and database access control to protect important information (data) such as personal information and sensitive information stored in the database (DB) and system. It is engaged in a business with DB encryption and file encryption products for all companies that store and manage important information, including the public, financial, manufacturing, and service industries.

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