Hyosung Heavy Industries Co (XKRX:298040) Receivables Turnover : 1.29 (As of Dec. 2023)

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What is Hyosung Heavy Industries 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. Hyosung Heavy Industries Co's Revenue for the three months ended in Dec. 2023 was ₩1,292,011 Mil. Hyosung Heavy Industries Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₩1,001,519 Mil. Hence, Hyosung Heavy Industries Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.29.

Hyosung Heavy Industries Co Receivables Turnover Historical Data

The historical data trend for Hyosung Heavy Industries 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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Hyosung Heavy Industries Co Receivables Turnover Chart

Hyosung Heavy Industries Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

3.88

3.48

4.07

3.77

4.24

Hyosung Heavy Industries Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.23	0.80	1.13	1.08	1.29

Competitive Comparison of Hyosung Heavy Industries Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Hyosung Heavy Industries 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.

Hyosung Heavy Industries Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hyosung Heavy Industries Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hyosung Heavy Industries Co's Receivables Turnover falls into.

Hyosung Heavy Industries Co Receivables Turnover Calculation

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

Hyosung Heavy Industries 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 )
=	4300571.503	/ (	(1039352.028	+	988860.536)	/	2 )
=	4300571.503	/	1014106.282
=	4.24

Hyosung Heavy Industries Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1292011.048	/ (	(1014177.754	+	988860.536)	/	2 )
=	1292011.048	/	1001519.145
=	1.29

Hyosung Heavy Industries Co (XKRX:298040) 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.

Hyosung Heavy Industries Co Receivables Turnover Related Terms

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Hyosung Heavy Industries Co (XKRX:298040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hyosung Heavy Industries Co Ltd (XKRX:298040) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

Mapo 119, Mapo-gu, Seoul, KOR, 04144

Website

http://www.hyosungheavyindustries.com

Hyosung Heavy Industries Co Ltd provides technology solutions in the field of heavy electric power and develops industrial machinery. The company is involved in various construction projects such as housing, redevelopment and reconstruction. The company also offers welding solutions, gear solutions, and system and engineering solutions.

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