Smart Radar System (XKRX:424960) Receivables Turnover : 1.84 (As of Mar. 2024)

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What is Smart Radar System 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. Smart Radar System's Revenue for the three months ended in Mar. 2024 was ₩1,974 Mil. Smart Radar System's average Accounts Receivable for the three months ended in Mar. 2024 was ₩1,072 Mil. Hence, Smart Radar System's Receivables Turnover for the three months ended in Mar. 2024 was 1.84.

Smart Radar System Receivables Turnover Historical Data

The historical data trend for Smart Radar System'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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Smart Radar System Receivables Turnover Chart

Smart Radar System Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.16

5.11

4.91

3.67

Smart Radar System Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			1.24	0.70	1.04	1.34	1.84

Competitive Comparison of Smart Radar System's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Smart Radar System'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.

Smart Radar System's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Smart Radar System's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Smart Radar System's Receivables Turnover falls into.

Smart Radar System Receivables Turnover Calculation

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

Smart Radar System'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 )
=	4075.935	/ (	(1397.392	+	823.847)	/	2 )
=	4075.935	/	1110.6195
=	3.67

Smart Radar System'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 )
=	1973.828	/ (	(823.847	+	1319.252)	/	2 )
=	1973.828	/	1071.5495
=	1.84

Smart Radar System (XKRX:424960) 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.

Smart Radar System Receivables Turnover Related Terms

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Smart Radar System (XKRX:424960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart Radar System Inc (XKRX:424960) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

925beon-gil, 3F Fine Digital, 41, Seongnam-daero, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13496

Website

https://www.smartradarsystem.com

Smart Radar System Inc is a company developing radar solutions for autonomous cars and industrial applications. They provide RF antenna design, hardware module fabrication, radar signal processing algorithms and software APIs. It offers products such as RETINA-4FN, RETINA-4SN and IRISc-03A which are 4D Imaging Radars, Single chip Radars.

Smart Radar System (XKRX:424960) Headlines

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