Egtronics Co (XKRX:377330) Receivables Turnover : 1.11 (As of Dec. 2023)

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What is Egtronics 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. Egtronics Co's Revenue for the three months ended in Dec. 2023 was ₩17,493 Mil. Egtronics Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩15,786 Mil. Hence, Egtronics Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.11.

Egtronics Co Receivables Turnover Historical Data

The historical data trend for Egtronics 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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Egtronics Co Receivables Turnover Chart

Egtronics Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

2.67

3.18

4.77

2.62

2.01

Egtronics Co Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial									1.80	0.32	1.18	0.69	1.11

Competitive Comparison of Egtronics Co's Receivables Turnover

For the Electronic Components subindustry, Egtronics 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.

Egtronics Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Egtronics Co Receivables Turnover Calculation

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

Egtronics 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 )
=	35198.12	/ (	(11967.494	+	23015.386)	/	2 )
=	35198.12	/	17491.44
=	2.01

Egtronics Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	17493.426	/ (	(8556.604	+	23015.386)	/	2 )
=	17493.426	/	15785.995
=	1.11

Egtronics Co (XKRX:377330) 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.

Egtronics Co Receivables Turnover Related Terms

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Egtronics Co (XKRX:377330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Egtronics Co Ltd (XKRX:377330) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

63-100, Geumgok-ro 163 beon-gil, Gyeonggi-do, Hwaseong-si, KOR, 63-100

Website

http://www.egtronics.com

Egtronics Co Ltd is focused on communication power supplies and their technologies. The product portfolio of the company DC-DC Converter, Driving Inverter, Auxiliary Inverter, Generator controller, Multi-Voltage Output PSU for Optical Repeater, Communication environmental monitoring devices and Light-train non-contact charger.

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