Neuromeka Co (XKRX:348340) Receivables Turnover : 0.99 (As of Jun. 2024)

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What is Neuromeka 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. Neuromeka Co's Revenue for the three months ended in Jun. 2024 was ₩7,344 Mil. Neuromeka Co's average Accounts Receivable for the three months ended in Jun. 2024 was ₩7,392 Mil. Hence, Neuromeka Co's Receivables Turnover for the three months ended in Jun. 2024 was 0.99.

Neuromeka Co Receivables Turnover Historical Data

The historical data trend for Neuromeka 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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Neuromeka Co Receivables Turnover Chart

Neuromeka Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.53

2.52

4.56

3.60

3.52

Neuromeka Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial						1.05	0.73	1.42	0.65	0.99

Competitive Comparison of Neuromeka Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Neuromeka 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.

Neuromeka Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Neuromeka Co's Receivables Turnover distribution charts can be found below:

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

Neuromeka Co Receivables Turnover Calculation

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

Neuromeka 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 )
=	13742.971	/ (	(2866.301	+	4939.774)	/	2 )
=	13742.971	/	3903.0375
=	3.52

Neuromeka Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	7344.346	/ (	(6205.362	+	8577.782)	/	2 )
=	7344.346	/	7391.572
=	0.99

Neuromeka Co (XKRX:348340) 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.

Neuromeka Co Receivables Turnover Related Terms

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Neuromeka Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neuromeka Co Ltd (XKRX:348340) » Definitions » Receivables Turnover

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Address

7 Yeonmujang 5-ga-gil, 15th floor, Hyundai Terrace Tower, W Building, Seongdong-gu, Seoul, KOR, 04782

Website

https://www.neuromeka.com

Neuromeka Co Ltd is a robot company. It is building a robot as a service platform business ecosystem centered on collaborative robots so that even small and medium-sized manufacturing companies without robot experts can introduce and operate robot automation without burden.

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