Innometry Co (XKRX:302430) Receivables Turnover : 2.91 (As of Dec. 2023)

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What is Innometry 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. Innometry Co's Revenue for the three months ended in Dec. 2023 was ₩29,203 Mil. Innometry Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩10,038 Mil. Hence, Innometry Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.91.

Innometry Co Receivables Turnover Historical Data

The historical data trend for Innometry 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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Innometry Co Receivables Turnover Chart

Innometry Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.40

2.31

5.03

7.70

8.52

Innometry 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															2.11	2.41	3.34	2.57	2.91

Competitive Comparison of Innometry Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Innometry 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.

Innometry Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Innometry Co's Receivables Turnover distribution charts can be found below:

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

Innometry Co Receivables Turnover Calculation

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

Innometry 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 )
=	83783.91	/ (	(8201.688	+	11466.962)	/	2 )
=	83783.91	/	9834.325
=	8.52

Innometry 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 )
=	29202.581	/ (	(8608.987	+	11466.962)	/	2 )
=	29202.581	/	10037.9745
=	2.91

Innometry Co (XKRX:302430) 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.

Innometry Co Receivables Turnover Related Terms

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Innometry Co (XKRX:302430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Innometry Co Ltd (XKRX:302430) » Definitions » Receivables Turnover

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Address

65, Dongpyeon-ro 13, Dongan-gu, 5 Floor, Gyeonggi-do, Anyang-si, KOR, 431 815

Website

http://www.innometry.com

Innometry Co Ltd is a South Korea based company mainly engaged in manufacturing and selling X-Ray inspection systems. Various X-Ray inspection systems offered by the company include medium-large size battery inspection system, X-ray food inspection system, glass surface inspection system, and density inspection system.

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