Wanted Lab (XKRX:376980) Receivables Turnover : 4.61 (As of Mar. 2024)

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What is Wanted Lab 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. Wanted Lab's Revenue for the three months ended in Mar. 2024 was ₩8,903 Mil. Wanted Lab's average Accounts Receivable for the three months ended in Mar. 2024 was ₩1,933 Mil. Hence, Wanted Lab's Receivables Turnover for the three months ended in Mar. 2024 was 4.61.

Wanted Lab Receivables Turnover Historical Data

The historical data trend for Wanted Lab'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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Wanted Lab Receivables Turnover Chart

Wanted Lab Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

14.71

20.43

24.15

23.98

Wanted Lab Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											4.32	4.12	4.37	4.61	4.61

Competitive Comparison of Wanted Lab's Receivables Turnover

For the Internet Content & Information subindustry, Wanted Lab'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.

Wanted Lab's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Wanted Lab's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wanted Lab's Receivables Turnover falls into.

Wanted Lab Receivables Turnover Calculation

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

Wanted Lab's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	50291.114	/ (	(1759.185	+	2435.073)	/	2 )
=	50291.114	/	2097.129
=	23.98

Wanted Lab'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 )
=	8903.217	/ (	(1824.156	+	2041.298)	/	2 )
=	8903.217	/	1932.727
=	4.61

Wanted Lab (XKRX:376980) 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.

Wanted Lab Receivables Turnover Related Terms

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Wanted Lab (XKRX:376980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Wanted Lab Inc (XKRX:376980) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

300 Olympic-ro, Lotte World Tower 35th Floor, Songpa-gu, Seoul, KOR

Website

https://www.wanted.co.kr

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