Hanon Systems (XKRX:018880) Receivables Turnover : 1.93 (As of Mar. 2024)

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What is Hanon Systems 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. Hanon Systems's Revenue for the three months ended in Mar. 2024 was ₩2,404,648 Mil. Hanon Systems's average Accounts Receivable for the three months ended in Mar. 2024 was ₩1,244,517 Mil. Hence, Hanon Systems's Receivables Turnover for the three months ended in Mar. 2024 was 1.93.

Hanon Systems Receivables Turnover Historical Data

The historical data trend for Hanon Systems'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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Hanon Systems Receivables Turnover Chart

Hanon Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.68

6.05

7.43

8.55

8.20

Hanon Systems 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															1.97	2.04	1.89	1.97	1.93

Competitive Comparison of Hanon Systems's Receivables Turnover

For the Auto Parts subindustry, Hanon Systems'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.

Hanon Systems's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hanon Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hanon Systems's Receivables Turnover falls into.

Hanon Systems Receivables Turnover Calculation

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

Hanon Systems'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 )
=	9559328.248	/ (	(1136052.806	+	1196003.067)	/	2 )
=	9559328.248	/	1166027.9365
=	8.20

Hanon Systems'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 )
=	2404647.729	/ (	(1196003.067	+	1293031.161)	/	2 )
=	2404647.729	/	1244517.114
=	1.93

Hanon Systems (XKRX:018880) 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.

Hanon Systems Receivables Turnover Related Terms

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Hanon Systems (XKRX:018880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hanon Systems (XKRX:018880) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

95, Sinilseo-ro, Daedeok-gu, Daejeon, KOR

Website

http://www.hanonsystems.com

Hanon Systems offers a wide range of thermal and energy management solutions. The company supplies products and systems for automotive applications including heating ventilation and air conditioning; powertrain cooling; compressors; fluid transport; and thermal and emissions solutions for conventional, electric, hybrid, fuel cell and autonomous vehicles. Business operations of the company are functioned through Europe, India, Thailand, South Africa, China, Korea, Japan, and the Americas. Also, the company manufactures and supplies components and systems for electrical machines and other industries.

Hanon Systems (XKRX:018880) Headlines

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