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KIS Wire (XKRX:002240) Receivables Turnover : 0.94 (As of Dec. 2023)


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What is KIS Wire 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. KIS Wire's Revenue for the three months ended in Dec. 2023 was ₩444,846 Mil. KIS Wire's average Accounts Receivable for the three months ended in Dec. 2023 was ₩471,675 Mil. Hence, KIS Wire's Receivables Turnover for the three months ended in Dec. 2023 was 0.94.


KIS Wire Receivables Turnover Historical Data

The historical data trend for KIS Wire'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.

* Premium members only.

KIS Wire Receivables Turnover Chart

KIS Wire Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.06 3.60 3.98 4.29 3.79

KIS Wire Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.90 0.92 0.98 0.91 0.94

Competitive Comparison of KIS Wire's Receivables Turnover

For the Steel subindustry, KIS Wire'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.


KIS Wire's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, KIS Wire's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KIS Wire's Receivables Turnover falls into.



KIS Wire Receivables Turnover Calculation

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

KIS Wire'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 )
=1788877.688 / ((488895 + 456235) / 2 )
=1788877.688 / 472565
=3.79

KIS Wire'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 )
=444846.395 / ((487115.947 + 456235) / 2 )
=444846.395 / 471675.4735
=0.94

* 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.


KIS Wire  (XKRX:002240) 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.


KIS Wire Receivables Turnover Related Terms

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KIS Wire (XKRX:002240) Business Description

Traded in Other Exchanges
N/A
Address
37, Gurak-ro 141beon-gil, Suyeong-gu, Busan, KOR
KIS Wire Ltd is in the business of manufacturing secondary steel products such as wire and wire ropes. Its products include oil tempered wire, spring wire, tire reinforcement, house wire, bridge cable, galvanized steel wire, computer wire, wire rope, superconductive wire, etc. The company mainly operates in Korea, Malaysia, and China. It sells its products to automotive, construction, machinery, bridge, energy, fishing and semi-conductor industries.

KIS Wire (XKRX:002240) Headlines

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