Doosan Robotics (XKRX:454910) Receivables Turnover : 0.90 (As of Dec. 2023)

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What is Doosan Robotics 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. Doosan Robotics's Revenue for the three months ended in Dec. 2023 was ₩16,876 Mil. Doosan Robotics's average Accounts Receivable for the three months ended in Dec. 2023 was ₩18,664 Mil. Hence, Doosan Robotics's Receivables Turnover for the three months ended in Dec. 2023 was 0.90.

Doosan Robotics Receivables Turnover Historical Data

The historical data trend for Doosan Robotics'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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Doosan Robotics Receivables Turnover Chart

Doosan Robotics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.83

4.18

6.19

4.68

3.23

Doosan Robotics Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	1.33	1.13	0.91	0.90

Competitive Comparison of Doosan Robotics's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Doosan Robotics'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.

Doosan Robotics's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Doosan Robotics's Receivables Turnover falls into.

Doosan Robotics Receivables Turnover Calculation

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

Doosan Robotics'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 )
=	53038.372	/ (	(10644.394	+	22235.921)	/	2 )
=	53038.372	/	16440.1575
=	3.23

Doosan Robotics'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	16875.98	/ (	(15091.283	+	22235.921)	/	2 )
=	16875.98	/	18663.602
=	0.90

Doosan Robotics (XKRX:454910) 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.

Doosan Robotics Receivables Turnover Related Terms

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Doosan Robotics (XKRX:454910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Doosan Robotics Inc (XKRX:454910) » Definitions » Receivables Turnover

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Address

79, Saneop-ro 156beon-gil, Gwonseon-gu, Suwon-si, Gyeonggi-do, Seoul, KOR

Website

https://www.doosanrobotics.com

Doosan Robotics Inc is company is engaged in the business of manufacturing industrial robots, especially collaborative robots. Collaborative robots are a next-generation robot that overcomes the limitations of existing industrial robots (risk, high difficulty in use, and high price), and are emerging as a new concept. The company consists of a single business division that sells products and products related to collaborative robots, it not only conducts sales for customers located in Korea, but also conducts sales for some overseas customers, including the overseas bases of domestic customers, thereby distributing and selling products worldwide.

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