GolfzonDeca (XKRX:183410) Receivables Turnover : 12.84 (As of Dec. 2022)

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What is GolfzonDeca 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. GolfzonDeca's Revenue for the six months ended in Dec. 2022 was ₩29,135 Mil. GolfzonDeca's average Accounts Receivable for the six months ended in Dec. 2022 was ₩2,268 Mil. Hence, GolfzonDeca's Receivables Turnover for the six months ended in Dec. 2022 was 12.84.

GolfzonDeca Receivables Turnover Historical Data

The historical data trend for GolfzonDeca'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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GolfzonDeca Receivables Turnover Chart

GolfzonDeca Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.84

3.70

7.62

15.20

12.84

GolfzonDeca Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Receivables Turnover	Get a 7-Day Free Trial			3.84	3.70	7.62	15.20	12.84

Competitive Comparison of GolfzonDeca's Receivables Turnover

For the Scientific & Technical Instruments subindustry, GolfzonDeca'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.

GolfzonDeca's Receivables Turnover Distribution in the Hardware Industry

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

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

GolfzonDeca Receivables Turnover Calculation

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

GolfzonDeca's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	29135.263	/ (	(2214.79	+	2321.661)	/	2 )
=	29135.263	/	2268.2255
=	12.84

GolfzonDeca's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Dec. 2021 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	29135.263	/ (	(2214.79	+	2321.661)	/	2 )
=	29135.263	/	2268.2255
=	12.84

GolfzonDeca (XKRX:183410) 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.

GolfzonDeca Receivables Turnover Related Terms

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GolfzonDeca (XKRX:183410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GolfzonDeca Inc (XKRX:183410) » Definitions » Receivables Turnover

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Address

Gyeonggi yatap 98, Sindoricoh B / D 8 layers, Seongnam-Si, KOR

Website

http://www.golfbuddy.kr

GolfzonDeca Inc is a GPS system manufacturer for golf. GolfBuddy is a registered trademark of the company. It offers golf rangefinder products of various categories including handheld, wearable, voice and laser. The products portfolio consists WTX PLUS, VTX, VOICEX, Voice X on wristband, VOICE2, WT6, LR7 and LR7S. The organization has business presence around the world.

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