PIM Korea Co (XKRX:448900) Receivables Turnover : 5.98 (As of Dec. 2023)

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What is PIM Korea 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. PIM Korea Co's Revenue for the six months ended in Dec. 2023 was ₩37,963 Mil. PIM Korea Co's average Accounts Receivable for the six months ended in Dec. 2023 was ₩6,348 Mil. Hence, PIM Korea Co's Receivables Turnover for the six months ended in Dec. 2023 was 5.98.

PIM Korea Co Receivables Turnover Historical Data

The historical data trend for PIM Korea 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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PIM Korea Co Receivables Turnover Chart

PIM Korea Co Annual Data

Trend

Dec22

Dec23

Receivables Turnover

5.41

5.98

PIM Korea Co Semi-Annual Data
	Dec22	Dec23
Receivables Turnover	5.41	5.98

Competitive Comparison of PIM Korea Co's Receivables Turnover

For the Metal Fabrication subindustry, PIM Korea 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.

PIM Korea Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PIM Korea Co's Receivables Turnover distribution charts can be found below:

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

PIM Korea Co Receivables Turnover Calculation

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

PIM Korea 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 )
=	37963.339	/ (	(6646.036	+	6049.926)	/	2 )
=	37963.339	/	6347.981
=	5.98

PIM Korea 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: Dec. 2022 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	37963.339	/ (	(6646.036	+	6049.926)	/	2 )
=	37963.339	/	6347.981
=	5.98

PIM Korea Co (XKRX:448900) 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.

PIM Korea Co Receivables Turnover Related Terms

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PIM Korea Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PIM Korea Co Ltd (XKRX:448900) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

26, Secheon-ro 8-gil, Dasa-eup, Dalseong-gun, Daegu, KOR, 42921

Website

https://www.pimkorea.com/ko

PIM Korea Co Ltd is a global company specializing in parts and materials. It is involved in lead metal powder injection, centrifugal casting, and processing methods and strive to build state-of-the-art facilities and develop new technologies to continuously promote new businesses and lead new trends in the parts business with differentiated strategies.

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