Inswave Co (XKRX:450520) Receivables Turnover : 1.94 (As of Mar. 2025)

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What is Inswave 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. Inswave Co's Revenue for the three months ended in Mar. 2025 was ₩7,112 Mil. Inswave Co's average Accounts Receivable for the three months ended in Mar. 2025 was ₩3,669 Mil. Hence, Inswave Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.94.

Inswave Co Receivables Turnover Historical Data

The historical data trend for Inswave 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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Inswave Co Receivables Turnover Chart

Inswave Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

4.57

9.01

11.14

8.72

Inswave Co Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial									2.59	2.42	4.65	3.38	1.94

Competitive Comparison of Inswave Co's Receivables Turnover

For the Information Technology Services subindustry, Inswave 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.

Inswave Co's Receivables Turnover Distribution in the Software Industry

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

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

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Inswave Co Receivables Turnover Calculation

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

Inswave 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 )
=	30412.971	/ (	(3304.735	+	3668.936)	/	2 )
=	30412.971	/	3486.8355
=	8.72

Inswave 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 )
=	7112.292	/ (	(3668.936	+	0)	/	1 )
=	7112.292	/	3668.936
=	1.94

Inswave Co (XKRX:450520) 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.

Inswave Co Receivables Turnover Related Terms

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Inswave Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Inswave Co Ltd (XKRX:450520) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12th floor, Building C, Queens Park Nine, 247 Gonghang-daero, Gangseo-gu, Seoul, KOR

Website

https://www.inswave.com

Inswave Systems Co Ltd is an enterprise software company that leads the enterprise application development and web standard UI/UX markets. It researches, develops and applies W-Matrix, WebTop, Proworks5, and other related enterprise software products.

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