Maxst Co (XKRX:377030) Receivables Turnover : 2.67 (As of Jun. 2024)

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What is Maxst 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. Maxst Co's Revenue for the three months ended in Jun. 2024 was ₩8,052 Mil. Maxst Co's average Accounts Receivable for the three months ended in Jun. 2024 was ₩3,017 Mil. Hence, Maxst Co's Receivables Turnover for the three months ended in Jun. 2024 was 2.67.

Maxst Co Receivables Turnover Historical Data

The historical data trend for Maxst 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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Maxst Co Receivables Turnover Chart

Maxst Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

5.35

10.92

7.22

7.20

7.29

Maxst Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial													6.42	0.60	5.39	6.14	2.67

Competitive Comparison of Maxst Co's Receivables Turnover

For the Software - Infrastructure subindustry, Maxst 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.

Maxst Co's Receivables Turnover Distribution in the Software Industry

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

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

Maxst Co Receivables Turnover Calculation

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

Maxst 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 )
=	1765.567	/ (	(284.843	+	199.648)	/	2 )
=	1765.567	/	242.2455
=	7.29

Maxst 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 )
=	8052.371	/ (	(3328.964	+	2705.262)	/	2 )
=	8052.371	/	3017.113
=	2.67

Maxst Co (XKRX:377030) 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.

Maxst Co Receivables Turnover Related Terms

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Maxst Co Business Description

Industry

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Traded in Other Exchanges

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Address

4 Nambusunhwan-ro 351-Gil, 3rd Floor STAY77 Building, Gangnam-gu, Seoul, KOR

Website

https://www.maxst.com

Maxst Co Ltd is an AR technology company. It focuses on research and development in augmented reality. AR technology will help people with immediate and visual tools in improving decision-making capabilities.

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