LG Energy Solution (XKRX:373220) Receivables Turnover : 1.51 (As of Dec. 2023)

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What is LG Energy Solution 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. LG Energy Solution's Revenue for the three months ended in Dec. 2023 was ₩8,001,324 Mil. LG Energy Solution's average Accounts Receivable for the three months ended in Dec. 2023 was ₩5,316,310 Mil. Hence, LG Energy Solution's Receivables Turnover for the three months ended in Dec. 2023 was 1.51.

LG Energy Solution Receivables Turnover Historical Data

The historical data trend for LG Energy Solution'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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LG Energy Solution Receivables Turnover Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

0.50

6.11

6.66

6.82

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial							1.71	1.74	1.65	1.51	1.51

Competitive Comparison of LG Energy Solution's Receivables Turnover

For the Specialty Industrial Machinery subindustry, LG Energy Solution'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.

LG Energy Solution's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where LG Energy Solution's Receivables Turnover falls into.

LG Energy Solution Receivables Turnover Calculation

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

LG Energy Solution'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 )
=	33745470	/ (	(4771846	+	5128474)	/	2 )
=	33745470	/	4950160
=	6.82

LG Energy Solution'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 )
=	8001324	/ (	(5504146	+	5128474)	/	2 )
=	8001324	/	5316310
=	1.51

LG Energy Solution (XKRX:373220) 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.

LG Energy Solution Receivables Turnover Related Terms

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LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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