Daeduck Electronics (XKRX:353200) Receivables Turnover : 1.73 (As of Mar. 2024)

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What is Daeduck Electronics 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. Daeduck Electronics's Revenue for the three months ended in Mar. 2024 was ₩214,766 Mil. Daeduck Electronics's average Accounts Receivable for the three months ended in Mar. 2024 was ₩124,481 Mil. Hence, Daeduck Electronics's Receivables Turnover for the three months ended in Mar. 2024 was 1.73.

Daeduck Electronics Receivables Turnover Historical Data

The historical data trend for Daeduck Electronics'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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Daeduck Electronics Receivables Turnover Chart

Daeduck Electronics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.47

6.58

7.38

5.83

Daeduck Electronics Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											1.25	1.48	1.69	1.76	1.73

Competitive Comparison of Daeduck Electronics's Receivables Turnover

For the Electronic Components subindustry, Daeduck Electronics'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.

Daeduck Electronics's Receivables Turnover Distribution in the Hardware Industry

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

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

Daeduck Electronics Receivables Turnover Calculation

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

Daeduck Electronics'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 )
=	909651.487	/ (	(189003.558	+	123197.275)	/	2 )
=	909651.487	/	156100.4165
=	5.83

Daeduck Electronics'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 )
=	214765.965	/ (	(123197.275	+	125764.429)	/	2 )
=	214765.965	/	124480.852
=	1.73

Daeduck Electronics (XKRX:353200) 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.

Daeduck Electronics Receivables Turnover Related Terms

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Daeduck Electronics (XKRX:353200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daeduck Electronics (XKRX:353200) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

35320K:Korea

Address

230 Kangchon-ro, Danwon-gu, Gyeonggido, Ansan, KOR

Website

http://www.daeduck.com

Daeduck Electronics is a manufacturer of printed circuit boards (PCB) for semiconductor packaging. The company's products include ultra thin CSP, fcCSP, fcBGA, and System in Package. Its products are used in smartphones, networking, and automotive industry.

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