Axgate Co (XKRX:356680) Receivables Turnover : 0.57 (As of Mar. 2025)

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What is Axgate 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. Axgate Co's Revenue for the three months ended in Mar. 2025 was ₩7,351 Mil. Axgate Co's average Accounts Receivable for the three months ended in Mar. 2025 was ₩12,787 Mil. Hence, Axgate Co's Receivables Turnover for the three months ended in Mar. 2025 was 0.57.

Axgate Co Receivables Turnover Historical Data

The historical data trend for Axgate 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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Axgate Co Receivables Turnover Chart

Axgate Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.64

3.74

3.80

3.59

3.08

Axgate Co Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial												0.91	1.89	1.66	2.13	0.57

Competitive Comparison of Axgate Co's Receivables Turnover

For the Software - Application subindustry, Axgate 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.

Axgate Co's Receivables Turnover Distribution in the Software Industry

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

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

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Axgate Co Receivables Turnover Calculation

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

Axgate 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 )
=	43216.126	/ (	(12246.421	+	15812.917)	/	2 )
=	43216.126	/	14029.669
=	3.08

Axgate 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 )
=	7351.304	/ (	(15812.917	+	9760.751)	/	2 )
=	7351.304	/	12786.834
=	0.57

Axgate Co (XKRX:356680) 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.

Axgate Co Receivables Turnover Related Terms

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Axgate Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Axgate Co Ltd (XKRX:356680) » Definitions » Receivables Turnover

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Address

13, Yeongdong-daero 85-gil, 5th Floor, Daechi-dong 950-1, Songseok Building, Gangnam-gu, Seoul, KOR

Website

http://www.axgate.com

Axgate Co Ltd is engaged in network security solutions and control services. The company develops control systems, network security systems, and other products. Its products comprise integrated wired and wireless solutions, axgate series nest generation firewall, remote power control solutions, integrated security control systems, and web service security control systems.

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