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Rainbow Robotics (XKRX:277810) Receivables Turnover : 0.59 (As of Mar. 2024)


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What is Rainbow Robotics 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. Rainbow Robotics's Revenue for the three months ended in Mar. 2024 was ₩3,048 Mil. Rainbow Robotics's average Accounts Receivable for the three months ended in Mar. 2024 was ₩5,164 Mil. Hence, Rainbow Robotics's Receivables Turnover for the three months ended in Mar. 2024 was 0.59.


Rainbow Robotics Receivables Turnover Historical Data

The historical data trend for Rainbow Robotics'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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Rainbow Robotics Receivables Turnover Chart

Rainbow Robotics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 11.38 10.14 8.00 6.29 3.80

Rainbow Robotics Quarterly Data
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 1.10 1.21 0.99 1.08 0.59

Competitive Comparison of Rainbow Robotics's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Rainbow Robotics'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.


Rainbow Robotics's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rainbow Robotics's Receivables Turnover distribution charts can be found below:

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



Rainbow Robotics Receivables Turnover Calculation

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

Rainbow Robotics'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 )
=15258.135 / ((2866.976 + 5164.062) / 2 )
=15258.135 / 4015.519
=3.80

Rainbow Robotics'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 )
=3048.364 / ((5164.062 + 0) / 1 )
=3048.364 / 5164.062
=0.59

* 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.


Rainbow Robotics  (XKRX:277810) 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.


Rainbow Robotics Receivables Turnover Related Terms

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Rainbow Robotics (XKRX:277810) Business Description

Traded in Other Exchanges
N/A
Address
10-19, Expo-ro 339beon-gil, Yuseong-gu, KOR, 34122
Rainbow Robotics is a professional technological mechatronics company, provides top robotic system engineering technology. It develops and produces industrial robots and other robots.

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