Wing Yip Food Holdings Group (XKRX:900340) Receivables Turnover : 4.08 (As of Dec. 2024)

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What is Wing Yip Food Holdings Group 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. Wing Yip Food Holdings Group's Revenue for the three months ended in Dec. 2024 was ₩51,586 Mil. Wing Yip Food Holdings Group's average Accounts Receivable for the three months ended in Dec. 2024 was ₩12,639 Mil. Hence, Wing Yip Food Holdings Group's Receivables Turnover for the three months ended in Dec. 2024 was 4.08.

Wing Yip Food Holdings Group Receivables Turnover Historical Data

The historical data trend for Wing Yip Food Holdings Group'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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Wing Yip Food Holdings Group Receivables Turnover Chart

Wing Yip Food Holdings Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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14.32

16.88

22.67

21.81

20.05

Wing Yip Food Holdings Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															5.23	4.12	3.88	3.83	4.08

Competitive Comparison of Wing Yip Food Holdings Group's Receivables Turnover

For the Packaged Foods subindustry, Wing Yip Food Holdings Group'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.

Wing Yip Food Holdings Group's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wing Yip Food Holdings Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wing Yip Food Holdings Group's Receivables Turnover falls into.

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Wing Yip Food Holdings Group Receivables Turnover Calculation

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

Wing Yip Food Holdings Group'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 )
=	208265.293	/ (	(9584.691	+	11185.895)	/	2 )
=	208265.293	/	10385.293
=	20.05

Wing Yip Food Holdings Group's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	51586.444	/ (	(14092.098	+	11185.895)	/	2 )
=	51586.444	/	12638.9965
=	4.08

Wing Yip Food Holdings Group (XKRX:900340) 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.

Wing Yip Food Holdings Group Receivables Turnover Related Terms

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Wing Yip Food Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wing Yip Food Holdings Group Ltd (XKRX:900340) » Definitions » Receivables Turnover

Traded in Other Exchanges

WYHG:USA

Address

No. 9, Guanxian North Road, Yushan Village, Huangbu Town, Guangdong Province, Zhongshan, CHN

Website

http://www.wingyip-food.com

Wing Yip Food Holdings Group Ltd is a meat producer. The company is mainly engaged in offering ready to eat and packaged meat dishes. Its product offerings include supreme crispy sausage, fully thin sausage, Chinese sausage, Dongguan Erba sausage, yellow scorpion sausage, alcohol sausage, and meat chop.

Wing Yip Food Holdings Group Headlines

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