System and Application Technologies (XKRX:060540) Receivables Turnover : 2.33 (As of Mar. 2024)

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What is System and Application Technologies 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. System and Application Technologies's Revenue for the three months ended in Mar. 2024 was ₩39,265 Mil. System and Application Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₩16,839 Mil. Hence, System and Application Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 2.33.

System and Application Technologies Receivables Turnover Historical Data

The historical data trend for System and Application Technologies'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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System and Application Technologies Receivables Turnover Chart

System and Application Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.28

9.98

9.87

8.67

8.04

System and Application Technologies 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															2.18	2.07	2.26	2.37	2.33

Competitive Comparison of System and Application Technologies's Receivables Turnover

For the Communication Equipment subindustry, System and Application Technologies'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.

System and Application Technologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, System and Application Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where System and Application Technologies's Receivables Turnover falls into.

System and Application Technologies Receivables Turnover Calculation

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

System and Application Technologies'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 )
=	152150.452	/ (	(19335.825	+	18522.137)	/	2 )
=	152150.452	/	18928.981
=	8.04

System and Application Technologies'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 )
=	39265.117	/ (	(18522.137	+	15156.007)	/	2 )
=	39265.117	/	16839.072
=	2.33

System and Application Technologies (XKRX:060540) 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.

System and Application Technologies Receivables Turnover Related Terms

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System and Application Technologies (XKRX:060540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » System and Application Technologies Inc (XKRX:060540) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

1026-30 S Gunpo sanbondong Tower, 7th Floor, Gunpo-Si, Gyeonggi, KOR, 435-845

Website

http://www.satech.co.kr

System and Application Technologies Inc is a South Korea based company engaged in the business of Mobile system and Transportation Management System. The Mobile system business focuses on the development of mobile die-cut products and tapes. The Transportation Management System business includes Weighing System, ITS Business, Service Business, and Calibration Business.

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