Mintech Co (XKRX:452200) Receivables Turnover : 2.96 (As of Sep. 2024)

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What is Mintech 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. Mintech Co's Revenue for the three months ended in Sep. 2024 was ₩3,976 Mil. Mintech Co's average Accounts Receivable for the three months ended in Sep. 2024 was ₩1,342 Mil. Hence, Mintech Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.96.

Mintech Co Receivables Turnover Historical Data

The historical data trend for Mintech 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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Mintech Co Receivables Turnover Chart

Mintech Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

7.13

5.59

7.20

Mintech Co Quarterly Data
	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			1.51	1.04	4.84	2.29	2.96

Competitive Comparison of Mintech Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Mintech 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.

Mintech Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Mintech Co Receivables Turnover Calculation

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

Mintech 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 )
=	17547.075	/ (	(2918.405	+	1956.191)	/	2 )
=	17547.075	/	2437.298
=	7.20

Mintech Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	3976.18	/ (	(914.546	+	1769.905)	/	2 )
=	3976.18	/	1342.2255
=	2.96

Mintech Co (XKRX:452200) 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.

Mintech Co Receivables Turnover Related Terms

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Mintech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mintech Co Ltd (XKRX:452200) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

263-1, Techno 2-ro, Yuseong-gu, Daejeon, KOR

Website

https://www.g-mintech.co.kr/kor/main/?ckattempt=1

Mintech Co Ltd operates in Battery and Energy Storage Systems Industries. It is engaged in the design, development, and mass production of lithium secondary batteries, its specialists are equipped to implement electrochemical-based battery analysis methods and diagnostic algorithms and continue developing battery diagnostic solutions. Its products and solutions include ?Battery Inspection and Diagnosis Solutions, Integrated AC Impedance Formation Process, Reusable Battery ESS, Electric Vehicle Battery Discharger, and B On Scope.

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