Hanssak Co (XKRX:430690) Receivables Turnover : 0.79 (As of Mar. 2024)

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What is Hanssak 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. Hanssak Co's Revenue for the three months ended in Mar. 2024 was ₩3,410 Mil. Hanssak Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩4,334 Mil. Hence, Hanssak Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.79.

Hanssak Co Receivables Turnover Historical Data

The historical data trend for Hanssak 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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Hanssak Co Receivables Turnover Chart

Hanssak Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

6.28

6.99

7.90

5.17

Hanssak Co Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			3.87	1.02	2.18	3.13	0.79

Competitive Comparison of Hanssak Co's Receivables Turnover

For the Software - Infrastructure subindustry, Hanssak 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.

Hanssak Co's Receivables Turnover Distribution in the Software Industry

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

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

Hanssak Co Receivables Turnover Calculation

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

Hanssak 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 )
=	24095.099	/ (	(2750.532	+	6575.943)	/	2 )
=	24095.099	/	4663.2375
=	5.17

Hanssak 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 )
=	3409.75	/ (	(6575.943	+	2091.723)	/	2 )
=	3409.75	/	4333.833
=	0.79

Hanssak Co (XKRX:430690) 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.

Hanssak Co Receivables Turnover Related Terms

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Hanssak Co (XKRX:430690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hanssak Co Ltd (XKRX:430690) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 401, 27, Digital-ro 34-gil, Guro-gu, Daeryung Post Tower No.3, Seoul, KOR

Website

http://www.hanssak.co.kr

Hanssak Co Ltd is an IT security company whose main business is application software development and supply. Their portfolio of products include manganese data transmission solution, password management solution, secure electronic fax solution, smart billing solution, and integrated control system.

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