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Hyundai Glovis Co (XKRX:086280) Receivables Turnover : 2.30 (As of Mar. 2024)


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What is Hyundai Glovis 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 Glovis Co's Revenue for the three months ended in Mar. 2024 was ₩6,586,436 Mil. Hyundai Glovis Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩2,867,562 Mil. Hence, Hyundai Glovis Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.30.


Hyundai Glovis Co Receivables Turnover Historical Data

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

Hyundai Glovis Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.99 7.80 9.18 9.50 8.60

Hyundai Glovis 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.01 2.25 2.30 2.28 2.30

Competitive Comparison of Hyundai Glovis Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Hyundai Glovis 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 Glovis Co's Receivables Turnover Distribution in the Transportation Industry

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

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



Hyundai Glovis Co Receivables Turnover Calculation

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

Hyundai Glovis 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 )
=25683197.164 / ((3101947.683 + 2867561.579) / 2 )
=25683197.164 / 2984754.631
=8.60

Hyundai Glovis 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 )
=6586435.843 / ((2867561.579 + 0) / 1 )
=6586435.843 / 2867561.579
=2.30

* 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.


Hyundai Glovis Co  (XKRX:086280) 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 Glovis Co Receivables Turnover Related Terms

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Hyundai Glovis Co (XKRX:086280) Business Description

Traded in Other Exchanges
N/A
Address
301, Teheran-ro, Gangnam-gu, Seoul, KOR
Hyundai Glovis Co Ltd is engaged in the comprehensive logistics business. The company offers vehicle transportation services, storage services, inbound and outbound logistics, domestic logistics services, general cargo, military logistics, and consulting services. It offers services to industries including steel, machinery, heavy industries, chemical, energy, and construction. The company provides systematic information on tracking, detention, estimated time of arrival through inbound and outbound logistics system.

Hyundai Glovis Co (XKRX:086280) Headlines

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