Xplus (XKRX:373200) Receivables Turnover : 5.72 (As of Mar. 2024)

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What is Xplus 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. Xplus's Revenue for the three months ended in Mar. 2024 was ₩2,987 Mil. Xplus's average Accounts Receivable for the three months ended in Mar. 2024 was ₩522 Mil. Hence, Xplus's Receivables Turnover for the three months ended in Mar. 2024 was 5.72.

Xplus Receivables Turnover Historical Data

The historical data trend for Xplus'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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Xplus Receivables Turnover Chart

Xplus Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

25.72

19.97

12.03

Xplus Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								1.91	1.15	2.38	2.24	5.72

Competitive Comparison of Xplus's Receivables Turnover

For the Software - Application subindustry, Xplus'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.

Xplus's Receivables Turnover Distribution in the Software Industry

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

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

Xplus Receivables Turnover Calculation

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

Xplus'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 )
=	9776.118	/ (	(1102.963	+	521.841)	/	2 )
=	9776.118	/	812.402
=	12.03

Xplus'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 )
=	2987.15	/ (	(521.841	+	0)	/	1 )
=	2987.15	/	521.841
=	5.72

Xplus (XKRX:373200) 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.

Xplus Receivables Turnover Related Terms

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Xplus (XKRX:373200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xplus Inc (XKRX:373200) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

21, Teheran-ro 52-gil, Gangnam-gu, Paradise Venture Tower, 3rd Floor, Seoul, KOR

Website

http://www.haainc.co.kr

HaAinc Korea Co Ltd is engaged in providing information technology solutions. Its offerings include various software applications such as Samsung SMAPP, Disney, Pixar, and Baroda Mobile Platform.

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