Woojin Ntec (XKRX:457550) Receivables Turnover : 23.43 (As of Mar. 2024)

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What is Woojin Ntec 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. Woojin Ntec's Revenue for the three months ended in Mar. 2024 was ₩10,331 Mil. Woojin Ntec's average Accounts Receivable for the three months ended in Mar. 2024 was ₩441 Mil. Hence, Woojin Ntec's Receivables Turnover for the three months ended in Mar. 2024 was 23.43.

Woojin Ntec Receivables Turnover Historical Data

The historical data trend for Woojin Ntec'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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Woojin Ntec Receivables Turnover Chart

Woojin Ntec Annual Data

Trend

Dec22

Dec23

Receivables Turnover

19.13

30.34

Woojin Ntec Quarterly Data
	Mar23	Mar24
Receivables Turnover	-	23.43

Competitive Comparison of Woojin Ntec's Receivables Turnover

For the Utilities - Regulated Electric subindustry, Woojin Ntec'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.

Woojin Ntec's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Woojin Ntec's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Woojin Ntec's Receivables Turnover falls into.

Woojin Ntec Receivables Turnover Calculation

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

Woojin Ntec'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 )
=	40682.713	/ (	(1953.12	+	728.398)	/	2 )
=	40682.713	/	1340.759
=	30.34

Woojin Ntec'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	10331.301	/ (	(0	+	441.013)	/	1 )
=	10331.301	/	441.013
=	23.43

Woojin Ntec (XKRX:457550) 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.

Woojin Ntec Receivables Turnover Related Terms

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Woojin Ntec (XKRX:457550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Woojin Ntec Inc (XKRX:457550) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-1 Dongtanyeok-ro, Hwaseong-si, KOR

Website

https://woojinntec.com

Woojin Ntec Inc is a power generation facility maintenance company that provides the best comprehensive solutions through nuclear and thermal power plant measurement and control facility maintenance industry, power plant facility diagnosis, performance improvement, and research and development.

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