Hanwha Galleria Co (XKRX:452260) Receivables Turnover : 0.52 (As of Mar. 2024)

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What is Hanwha Galleria 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. Hanwha Galleria Co's Revenue for the three months ended in Mar. 2024 was ₩122,126 Mil. Hanwha Galleria Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩236,480 Mil. Hence, Hanwha Galleria Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.52.

Hanwha Galleria Co Receivables Turnover Historical Data

The historical data trend for Hanwha Galleria 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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Hanwha Galleria Co Receivables Turnover Chart

Hanwha Galleria Co Annual Data

Trend

Receivables Turnover

Hanwha Galleria Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	0.20	0.60	0.57	0.64	0.52

Competitive Comparison of Hanwha Galleria Co's Receivables Turnover

For the Department Stores subindustry, Hanwha Galleria 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.

Hanwha Galleria Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Hanwha Galleria Co's Receivables Turnover distribution charts can be found below:

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

Hanwha Galleria Co Receivables Turnover Calculation

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

Hanwha Galleria Co's Receivables Turnover for the fiscal year that ended in . 20 is calculated as

	Receivables Turnover (A: . 20 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: . 20 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: . 20 ))	/	count )
=		/ (	(	+	)	/	1 )
=		/	0
=	N/A

Hanwha Galleria 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 )
=	122125.96	/ (	(243646.199	+	229314.435)	/	2 )
=	122125.96	/	236480.317
=	0.52

Hanwha Galleria Co (XKRX:452260) 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.

Hanwha Galleria Co Receivables Turnover Related Terms

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Hanwha Galleria Co (XKRX:452260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hanwha Galleria Co Ltd (XKRX:452260) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

50, 63-ro, Yeongdeungpo-gu, 2nd and 3rd Floors, 63 Hanwha Life Insurance Building Annex, Yeouido-dong, Seoul, KOR

Website

https://www.hanwhagalleria.co.kr

Hanwha Galleria Co Ltd operates as a distribution service company. It currently has approximately five branches: Seoul Luxury Hall, Gwanggyo Branch, Daejeon Time World, Cheonan Center City, and Jinju Branch. It operates luxury department stores. It is providing a variety of trend-setting products and differentiated food culture content.

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