Poongwon Precision Co (XKRX:371950) Receivables Turnover : 1.58 (As of Mar. 2024)

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What is Poongwon Precision 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. Poongwon Precision Co's Revenue for the three months ended in Mar. 2024 was ₩12,802 Mil. Poongwon Precision Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩8,078 Mil. Hence, Poongwon Precision Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.58.

Poongwon Precision Co Receivables Turnover Historical Data

The historical data trend for Poongwon Precision 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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Poongwon Precision Co Receivables Turnover Chart

Poongwon Precision Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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12.42

14.46

17.65

9.63

5.93

Poongwon Precision Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									1.41	1.29	1.32	1.47	1.58

Competitive Comparison of Poongwon Precision Co's Receivables Turnover

For the Electronic Components subindustry, Poongwon Precision 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.

Poongwon Precision Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Poongwon Precision Co's Receivables Turnover distribution charts can be found below:

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

Poongwon Precision Co Receivables Turnover Calculation

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

Poongwon Precision 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 )
=	43054.018	/ (	(6488.454	+	8030.513)	/	2 )
=	43054.018	/	7259.4835
=	5.93

Poongwon Precision 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 )
=	12802.214	/ (	(8030.513	+	8126.1)	/	2 )
=	12802.214	/	8078.3065
=	1.58

Poongwon Precision Co (XKRX:371950) 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.

Poongwon Precision Co Receivables Turnover Related Terms

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Poongwon Precision Co (XKRX:371950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Poongwon Precision Co Ltd (XKRX:371950) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

24, Sandan-ro 35 Beon-gil, Danwon-gu, Gyeonggi-do, Ansan-si, KOR

Website

http://www.poongwon.com

Poongwon Precision Co Ltd is a display part manufacturer that produces and supplies key materials of the display manufacturing process. Its main products include OMM (Open Metal Mask), which is a vacuum deposition part of OLED display, FFM (Fine Metal Mask), SBM (Stick Bar Mask), and Metal Foil that is used in encapsulation of OLED TV.

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