Chungdam Global Co (XKRX:362320) Receivables Turnover : 1.17 (As of Mar. 2024)

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What is Chungdam Global 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. Chungdam Global Co's Revenue for the three months ended in Mar. 2024 was ₩54,796 Mil. Chungdam Global Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩46,662 Mil. Hence, Chungdam Global Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.17.

Chungdam Global Co Receivables Turnover Historical Data

The historical data trend for Chungdam Global 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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Chungdam Global Co Receivables Turnover Chart

Chungdam Global Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

8.09

7.78

6.18

6.21

Chungdam Global Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial							1.03	1.07	0.80	0.92	1.17

Competitive Comparison of Chungdam Global Co's Receivables Turnover

For the Household & Personal Products subindustry, Chungdam Global 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.

Chungdam Global Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chungdam Global Co's Receivables Turnover distribution charts can be found below:

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

Chungdam Global Co Receivables Turnover Calculation

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

Chungdam Global Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	216298.48	/ (	(31508.421	+	38173.653)	/	2 )
=	216298.48	/	34841.037
=	6.21

Chungdam Global Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	54796.492	/ (	(44547.54	+	48777.152)	/	2 )
=	54796.492	/	46662.346
=	1.17

Chungdam Global Co (XKRX:362320) 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.

Chungdam Global Co Receivables Turnover Related Terms

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Chungdam Global Co (XKRX:362320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chungdam Global Co Ltd (XKRX:362320) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rm. 2401, Building B, Songdo Centroad Office, 23, Incheon tower-daero, Yeonsu-gu, Incheon, KOR

Website

http://www.chungdamgroup.com

Chungdam Global Co Ltd operates as a distributor that offers a total value distribution platform, which streamlined marketing and distribution for brand lands of high-potential products. It offers cosmetics like Toner, Cream, Serum, Mask, among other.

Chungdam Global Co (XKRX:362320) Headlines

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