Kencoa Aerospace (XKRX:274090) Receivables Turnover : 1.26 (As of Mar. 2024)

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What is Kencoa Aerospace 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. Kencoa Aerospace's Revenue for the three months ended in Mar. 2024 was ₩20,452 Mil. Kencoa Aerospace's average Accounts Receivable for the three months ended in Mar. 2024 was ₩16,171 Mil. Hence, Kencoa Aerospace's Receivables Turnover for the three months ended in Mar. 2024 was 1.26.

Kencoa Aerospace Receivables Turnover Historical Data

The historical data trend for Kencoa Aerospace'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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Kencoa Aerospace Receivables Turnover Chart

Kencoa Aerospace Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.43

4.71

8.24

6.78

5.95

Kencoa Aerospace 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															1.54	1.58	1.35	1.29	1.26

Competitive Comparison of Kencoa Aerospace's Receivables Turnover

For the Aerospace & Defense subindustry, Kencoa Aerospace'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.

Kencoa Aerospace's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Kencoa Aerospace's Receivables Turnover distribution charts can be found below:

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

Kencoa Aerospace Receivables Turnover Calculation

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

Kencoa Aerospace'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 )
=	91142.703	/ (	(13704.937	+	16918.489)	/	2 )
=	91142.703	/	15311.713
=	5.95

Kencoa Aerospace'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 )
=	20451.636	/ (	(16918.489	+	15422.847)	/	2 )
=	20451.636	/	16170.668
=	1.26

Kencoa Aerospace (XKRX:274090) 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.

Kencoa Aerospace Receivables Turnover Related Terms

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Kencoa Aerospace (XKRX:274090) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Kencoa Aerospace Corp (XKRX:274090) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

172, Jongposandan-ro, Yonghyeon-myeon, Gyeongsangnam-do, Sacheon-si, KOR, 52537

Website

http://www.kencoa.com

Kencoa Aerospace Corp is engaged in supply of precision machined and sheet metal fabricated aerostructures, jet engine components, and major assemblies for commercial, military and business/regional jets. The company's services include machining, assembly, drone, material, and MRO.

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