Hyundai Elevator Co (XKRX:017800) Receivables Turnover : 2.28 (As of Mar. 2024)

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What is Hyundai Elevator 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. Hyundai Elevator Co's Revenue for the three months ended in Mar. 2024 was ₩661,252 Mil. Hyundai Elevator Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩289,504 Mil. Hence, Hyundai Elevator Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.28.

Hyundai Elevator Co Receivables Turnover Historical Data

The historical data trend for Hyundai Elevator 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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Hyundai Elevator Co Receivables Turnover Chart

Hyundai Elevator Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.53

7.57

7.96

7.86

8.51

Hyundai Elevator Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.15	2.56	2.39	2.33	2.28

Competitive Comparison of Hyundai Elevator Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Hyundai Elevator 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.

Hyundai Elevator Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Hyundai Elevator Co Receivables Turnover Calculation

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

Hyundai Elevator 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 )
=	2602099.212	/ (	(284640.223	+	327105.98)	/	2 )
=	2602099.212	/	305873.1015
=	8.51

Hyundai Elevator Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	661251.951	/ (	(327105.98	+	251902.125)	/	2 )
=	661251.951	/	289504.0525
=	2.28

Hyundai Elevator Co (XKRX:017800) 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.

Hyundai Elevator Co Receivables Turnover Related Terms

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Hyundai Elevator Co (XKRX:017800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hyundai Elevator Co Ltd (XKRX:017800) » Definitions » Receivables Turnover

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Address

San 136-1 Ami-ri, Bubal-eup, Icheon, Gyeonggi, KOR, 467-734

Website

http://www.hyundaielevator.co.kr

Hyundai Elevator Co Ltd, which is an affiliate of Hyundai Group, is a South Korea-based company that provides moving solutions. The company designs, installs and maintains elevators, escalators, moving walkways, automated material handling systems, parking systems for cars and bikes, platform screen doors, auto-sliding canopy, gap-zero and others. The company's products are used in shopping centers, hotels, department stores, airports, subways, large-scale sporting facilities, train stations, bus terminals, distribution centers, cold storage facilities, air cargo systems, and others.

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