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Seoul City Gas Co (XKRX:017390) Receivables Turnover : 2.38 (As of Dec. 2023)


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What is Seoul City Gas Co 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. Seoul City Gas Co's Revenue for the three months ended in Dec. 2023 was ₩557,903 Mil. Seoul City Gas Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩234,025 Mil. Hence, Seoul City Gas Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.38.


Seoul City Gas Co Receivables Turnover Historical Data

The historical data trend for Seoul City Gas 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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Seoul City Gas Co Receivables Turnover Chart

Seoul City Gas Co 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 5.00 5.05 4.97 4.95 4.35

Seoul City Gas 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 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 2.46 2.20 1.24 1.73 2.38

Competitive Comparison of Seoul City Gas Co's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Seoul City Gas 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.


Seoul City Gas Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Seoul City Gas Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Seoul City Gas Co's Receivables Turnover falls into.



Seoul City Gas Co Receivables Turnover Calculation

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

Seoul City Gas 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 )
=1717423.19 / ((428263.523 + 361128.316) / 2 )
=1717423.19 / 394695.9195
=4.35

Seoul City Gas 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 )
=557902.71 / ((106921.255 + 361128.316) / 2 )
=557902.71 / 234024.7855
=2.38

* 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.


Seoul City Gas Co  (XKRX:017390) 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.


Seoul City Gas Co Receivables Turnover Related Terms

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Seoul City Gas Co (XKRX:017390) Business Description

Traded in Other Exchanges
N/A
Address
281 YeomChang-dong, Gangseo-gu, Seoul, KOR, 157-864
Seoul City Gas Co Ltd imports, distributes and supplies natural oil and gas. The company is mainly engaged in distributing of liquefied natural gas (LNG) to residential, commercial and industrial customers. In addition, it also offers integrated safety systems that link geographical information, supervisory control and data acquisition and management information systems.

Seoul City Gas Co (XKRX:017390) Headlines

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