Enjet Co (XKRX:419080) Receivables Turnover : 0.95 (As of Mar. 2024)

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What is Enjet 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. Enjet Co's Revenue for the three months ended in Mar. 2024 was ₩2,004 Mil. Enjet Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩2,101 Mil. Hence, Enjet Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.95.

Enjet Co Receivables Turnover Historical Data

The historical data trend for Enjet 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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Enjet Co Receivables Turnover Chart

Enjet Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

11.73

12.17

5.71

3.05

Enjet Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					1.72	1.98	2.34	1.44	0.95

Competitive Comparison of Enjet Co's Receivables Turnover

For the Computer Hardware subindustry, Enjet 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.

Enjet Co's Receivables Turnover Distribution in the Hardware Industry

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

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

Enjet Co Receivables Turnover Calculation

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

Enjet 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 )
=	12072.705	/ (	(6219.071	+	1710.154)	/	2 )
=	12072.705	/	3964.6125
=	3.05

Enjet 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 )
=	2003.639	/ (	(1710.154	+	2491.567)	/	2 )
=	2003.639	/	2100.8605
=	0.95

Enjet Co (XKRX:419080) 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.

Enjet Co Receivables Turnover Related Terms

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Enjet Co (XKRX:419080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Enjet Co Ltd (XKRX:419080) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.45, Saneop-ro 92beon-gil, Gwonseon-gu, Gyeonggi-do, Suwon-si, KOR, 16643

Website

http://www.enjet.co.kr

Enjet Co Ltd produces and sells nanojet printers/coaters to help develop various industries such as smartphones, displays, semiconductors, glass, camera modules, bio, and materials industries. The firm produces printers, coaters, and other products.

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