Monitorapp Co (XKRX:434480) Receivables Turnover : 1.42 (As of Mar. 2025)

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What is Monitorapp 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. Monitorapp Co's Revenue for the three months ended in Mar. 2025 was ₩3,430 Mil. Monitorapp Co's average Accounts Receivable for the three months ended in Mar. 2025 was ₩2,416 Mil. Hence, Monitorapp Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.42.

Monitorapp Co Receivables Turnover Historical Data

The historical data trend for Monitorapp 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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Monitorapp Co Receivables Turnover Chart

Monitorapp Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

5.48

5.79

4.66

4.04

5.06

Monitorapp Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial									1.16	1.55	1.49	2.05	1.42

Competitive Comparison of Monitorapp Co's Receivables Turnover

For the Software - Infrastructure subindustry, Monitorapp 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.

Monitorapp Co's Receivables Turnover Distribution in the Software Industry

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

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

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Monitorapp Co Receivables Turnover Calculation

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

Monitorapp Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	14909.186	/ (	(3179.491	+	2717.015)	/	2 )
=	14909.186	/	2948.253
=	5.06

Monitorapp Co's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	3430.455	/ (	(2717.015	+	2114.941)	/	2 )
=	3430.455	/	2415.978
=	1.42

Monitorapp Co (XKRX:434480) 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.

Monitorapp Co Receivables Turnover Related Terms

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Monitorapp Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Monitorapp Co Ltd (XKRX:434480) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

27, Digital-ro 27ga-gil, 8th and 9th Floor, Anam Building, Guro-gu, Seoul, KOR

Website

https://www.monitorapp.com

Monitorapp Co Ltd is a security solution vendor that researches and develops a variety of application acceleration and application security technologies. It supplies various types of B2B application security products and services. The main products are AIWAF (Application Insight Web Application Firewall), AISWG (Application Insight Secure Web Gateway), AISVA (Application Insight SSL Visibility Appliance, SSL visibility equipment), and all products are self-developed OS. (Operating System) AIOS and a proxy engine provide perfect security for internet traffic and applications. Its services include maintenance services for customers introducing products, managed services providing security equipment rental, security consulting, security maintenance services, and cloud security services.

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