Rifa Co (XKRX:000760) Receivables Turnover

: 1.07 (As of Dec. 2023)

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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. Rifa Co's Revenue for the three months ended in Dec. 2023 was ₩11,720 Mil. Rifa Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩11,000 Mil. Hence, Rifa Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.07.

Rifa Co Receivables Turnover Historical Data

The historical data trend for Rifa 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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Rifa Co Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.42

4.10

4.23

3.96

Rifa Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover																1.04	0.88	1.08	1.02	1.07

Competitive Comparison

For the Chemicals subindustry, Rifa 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.

Rifa Co Receivables Turnover Distribution

For the Chemicals industry and Basic Materials sector, Rifa Co's Receivables Turnover distribution charts can be found below:

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

Rifa Co Receivables Turnover Calculation

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

Rifa 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 )
=	47187.842	/ (	(13688.787	+	10117.852)	/	2 )
=	47187.842	/	11903.3195
=	3.96

Rifa Co'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 )
=	11719.59	/ (	(11881.172	+	10117.852)	/	2 )
=	11719.59	/	10999.512
=	1.07

Rifa Co (XKRX:000760) 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.

Rifa Co Receivables Turnover Related Terms

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Rifa Co (XKRX:000760) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Rifa Co Ltd (XKRX:000760) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

70, Seonyudong 2-Ro, Yeongdeungpo-Gu, Seoul, KOR, 150-045

Website

http://www.rifa.co.kr

Rifa Co Ltd is engaged in importing and marketing textile dye and various chemicals including acid, cationic, bicarbonate, boraz, caustic soda, acids, and D-Xylose.

Rifa Co (XKRX:000760) Headlines

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