Hyundai Development Co (XKRX:294870) Receivables Turnover : 0.60 (As of Mar. 2024)

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What is Hyundai Development 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 Development Co's Revenue for the three months ended in Mar. 2024 was ₩955,435 Mil. Hyundai Development Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩1,590,216 Mil. Hence, Hyundai Development Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.60.

Hyundai Development Co Receivables Turnover Historical Data

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

Hyundai Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.67

4.33

3.44

2.87

2.85

Hyundai Development 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															0.85	0.75	0.74	0.72	0.60

Competitive Comparison of Hyundai Development Co's Receivables Turnover

For the Engineering & Construction subindustry, Hyundai Development 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 Development Co's Receivables Turnover Distribution in the Construction Industry

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

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

Hyundai Development Co Receivables Turnover Calculation

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

Hyundai Development 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 )
=	4190788.148	/ (	(1291984.326	+	1653281.722)	/	2 )
=	4190788.148	/	1472633.024
=	2.85

Hyundai Development 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 )
=	955435.195	/ (	(1653281.722	+	1527150.287)	/	2 )
=	955435.195	/	1590216.0045
=	0.60

Hyundai Development Co (XKRX:294870) 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 Development Co Receivables Turnover Related Terms

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Hyundai Development Co (XKRX:294870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hyundai Development Co (XKRX:294870) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

55, Hangang-daero 23-gil, 8th, 9th floors, Hyundai IPARK Mall, Yongsan-gu, Seoul, KOR, 04377

Website

http://www.hdc-dvp.com

Hyundai Development Co is a Korean based real estate development and construction company. The firm is engaged in the construction of business specializing in housing, civil engineering, plant and overseas businesses in South Korea. In addition to a variety of construction projects, the company has also developed domestic and overseas civil engineering and plant projects, contributing to economic development.

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