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W-Scope Chungju Plant Co (XKRX:393890) Receivables Turnover : 1.16 (As of Mar. 2024)


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What is W-Scope Chungju Plant 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. W-Scope Chungju Plant Co's Revenue for the three months ended in Mar. 2024 was ₩122,406 Mil. W-Scope Chungju Plant Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₩105,300 Mil. Hence, W-Scope Chungju Plant Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.16.


W-Scope Chungju Plant Co Receivables Turnover Historical Data

The historical data trend for W-Scope Chungju Plant 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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W-Scope Chungju Plant Co Receivables Turnover Chart

W-Scope Chungju Plant Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial 1.38 1.84 1.99 2.55 2.98

W-Scope Chungju Plant Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.61 0.53 0.92 1.16

Competitive Comparison of W-Scope Chungju Plant Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, W-Scope Chungju Plant 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.


W-Scope Chungju Plant Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, W-Scope Chungju Plant Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where W-Scope Chungju Plant Co's Receivables Turnover falls into.



W-Scope Chungju Plant Co Receivables Turnover Calculation

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

W-Scope Chungju Plant 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 )
=304986.337 / ((112320.637 + 92043.431) / 2 )
=304986.337 / 102182.034
=2.98

W-Scope Chungju Plant 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 )
=122406.361 / ((92043.431 + 118556.849) / 2 )
=122406.361 / 105300.14
=1.16

* 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.


W-Scope Chungju Plant Co  (XKRX:393890) 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.


W-Scope Chungju Plant Co Receivables Turnover Related Terms

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W-Scope Chungju Plant Co (XKRX:393890) Business Description

Traded in Other Exchanges
N/A
Address
Shinagawa-ku, Tokyo, JPN
Website
W-Scope Chungju Plant Co Ltd is engaged in the business of battery parts and materials for automobiles and energy storage.

W-Scope Chungju Plant Co (XKRX:393890) Headlines

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