LG Display Co (XKRX:034220) Receivables Turnover : 2.66 (As of Dec. 2023)

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What is LG Display 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. LG Display Co's Revenue for the three months ended in Dec. 2023 was ₩7,396,000 Mil. LG Display Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩2,784,572 Mil. Hence, LG Display Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.66.

LG Display Co Receivables Turnover Historical Data

The historical data trend for LG Display 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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LG Display Co Receivables Turnover Chart

LG Display Co Annual Data

Trend

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Dec23

Receivables Turnover

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6.63

LG Display 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															-	-	1.36	1.64	2.66

Competitive Comparison of LG Display Co's Receivables Turnover

For the Consumer Electronics subindustry, LG Display 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.

LG Display Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, LG Display Co's Receivables Turnover distribution charts can be found below:

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

LG Display Co Receivables Turnover Calculation

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

LG Display 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 )
=	21330819	/ (	(0	+	3218093)	/	1 )
=	21330819	/	3218093
=	6.63

LG Display 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 )
=	7396000	/ (	(2351050	+	3218093)	/	2 )
=	7396000	/	2784571.5
=	2.66

LG Display Co (XKRX:034220) 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.

LG Display Co Receivables Turnover Related Terms

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LG Display Co (XKRX:034220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Display Co Ltd (XKRX:034220) » Definitions » Receivables Turnover

Traded in Other Exchanges

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Address

LG Twin Towers, 128 Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 07336

Website

https://www.lgdisplay.com

LG Display is a South Korea-based company that is principally engaged in developing, manufacturing and selling TFT-LCD and OLED display panels. The company's products consist of panels for notebook computers, monitors, televisions, smartphones, tablets, and others. The company conducts direct sales through overseas subsidiaries in a number of countries, including the United States, Germany, Japan, Taiwan, China, and Singapore. These subsidiaries conduct sales activities and offer technical support to clients. The company generates the majority of its revenue from overseas markets, with the rest from South Korea.

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