Gaia Co (XKRX:296520) Receivables Turnover : 8.23 (As of Dec. 2023)

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What is Gaia 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. Gaia Co's Revenue for the six months ended in Dec. 2023 was ₩31,676 Mil. Gaia Co's average Accounts Receivable for the six months ended in Dec. 2023 was ₩3,848 Mil. Hence, Gaia Co's Receivables Turnover for the six months ended in Dec. 2023 was 8.23.

Gaia Co Receivables Turnover Historical Data

The historical data trend for Gaia 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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Gaia Co Receivables Turnover Chart

Gaia Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.58

7.82

8.50

10.52

8.23

Gaia Co Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Receivables Turnover	Get a 7-Day Free Trial			8.58	7.82	8.50	10.52	8.23

Competitive Comparison of Gaia Co's Receivables Turnover

For the Leisure subindustry, Gaia 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.

Gaia Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gaia Co's Receivables Turnover distribution charts can be found below:

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

Gaia Co Receivables Turnover Calculation

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

Gaia 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 )
=	31675.783	/ (	(3834.653	+	3860.821)	/	2 )
=	31675.783	/	3847.737
=	8.23

Gaia Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	31675.783	/ (	(3834.653	+	3860.821)	/	2 )
=	31675.783	/	3847.737
=	8.23

Gaia Co (XKRX:296520) 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.

Gaia Co Receivables Turnover Related Terms

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Gaia Co (XKRX:296520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaia Corp Co Ltd (XKRX:296520) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 Jeongbalsan-ro, Ilsandong-gu, 9th Floor, T4-901 to 909, Janghang-dong, Western Dome 2, Gyeonggi-do, Goyang-si,, KOR

Website

https://www.gaiabiz.co.kr

Gaia Corp Co Ltd engages in manufacturing and distributing toys and baby products.

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